Hertford Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09589243 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2019

for

HERTFORD HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

J H James

R J James

SECRETARY:

B Kotecha

REGISTERED OFFICE:

Chells Manor House

Chells Lane

Stevenage

Hertfordshire

SG2 7AA

REGISTERED NUMBER:

09589243 (England and Wales)

ACCOUNTANTS:

Trevor Jones & Partners Ltd

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

FIXED ASSETS

Tangible assets

3

9,750

7,917

CURRENT ASSETS

Stocks

2,151,908

1,820,241

Debtors

4

42,254

25,152

Cash at bank

27,175

187,450

2,221,337

2,032,843

CREDITORS

Amounts falling due within one year

5

286,779

108,297

NET CURRENT ASSETS

1,934,558

1,924,546

TOTAL ASSETS LESS CURRENT LIABILITIES

1,944,308

1,932,463

CREDITORS

Amounts falling due after more than one year

6

750,000

750,000

NET ASSETS

1,194,308

1,182,463

CAPITAL AND RESERVES

Called up share capital

1,172,202

1,172,202

Retained earnings

22,106

10,261

SHAREHOLDERS' FUNDS

1,194,308

1,182,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22nd July 2019 and were signed on its behalf by:

J H James - Director

R J James - Director

1.	STATUTORY INFORMATION

Hertford Holdings Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is recognised on private housing, development properties and land sales at the fair value of the

consideration received or receivable on exchange of contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and

attributable overheads.

Speculative projects are included at cost where it can reasonably be expected that those costs will be recovered

at some stage in the future. Where such costs are not expected to be recovered, they will be written off as an

expense in the period in which they are first identified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2018

9,500

Additions

5,000

At 31st March 2019

14,500

DEPRECIATION

At 1st April 2018

1,583

Charge for year

3,167

At 31st March 2019

4,750

NET BOOK VALUE

At 31st March 2019

9,750

At 31st March 2018

7,917

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

31,670

24,312

Other debtors

10,584

840

42,254

25,152

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

49,310

4,772

Taxation and social security

4,063

5,454

Other creditors

233,406

98,071

286,779

108,297

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

750,000

750,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

750,000

750,000

The bank loan from Lloyds Bank PLC is secured by way of a fixed and floating charge over the assets of the

company.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J H James.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Hertford Holdings Limited for the year ended 31st March 2019 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hertford Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hertford Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Hertford Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hertford Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hertford Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hertford Holdings Limited. You consider that Hertford Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hertford Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Trevor Jones & Partners Ltd

Springfield House

99/101 Crossbrook Street

Cheshunt

Waltham Cross

Hertfordshire

EN8 8JR

22nd July 2019