Hurlingham Estates Limited - Accounts to registrar (filleted) - small 18.2

Hurlingham Estates Limited - Accounts to registrar (filleted) - small 18.2

HURLINGHAM ESTATES LIMITED - Company Information

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REGISTERED NUMBER: 02247773 (England and Wales)















HURLINGHAM ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019






HURLINGHAM ESTATES LIMITED (REGISTERED NUMBER: 02247773)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HURLINGHAM ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2019







DIRECTORS: R Staples
Mrs M A Staples





SECRETARY: Mrs M A Staples





REGISTERED OFFICE: Hurlingham Business Park
Fulbeck Heath
Grantham
Lincolnshire
NG32 3HL





REGISTERED NUMBER: 02247773 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR
Page 1
HURLINGHAM ESTATES LIMITED (REGISTERED NUMBER: 02247773)

STATEMENT OF FINANCIAL POSITION
31 MAY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,191 6,573
Investment property 5 7,975,000 7,450,000
7,979,191 7,456,573

CURRENT ASSETS
Debtors 6 12,601 20,664
Prepayments and accrued income 17,856 -
Cash at bank 940,274 605,113
970,731 625,777
CREDITORS
Amounts falling due within one year 7 342,149 295,869
NET CURRENT ASSETS 628,582 329,908
TOTAL ASSETS LESS CURRENT LIABILITIES 8,607,773 7,786,481

PROVISIONS FOR LIABILITIES 280,924 160,955
NET ASSETS 8,326,849 7,625,526

CAPITAL AND RESERVES
Called up share capital 8 500,000 500,000
Fair value reserve 9 1,368,096 946,386
Retained earnings 6,458,753 6,179,140
SHAREHOLDERS' FUNDS 8,326,849 7,625,526

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 notes form part of these financial statements

Page 2 continued...
HURLINGHAM ESTATES LIMITED (REGISTERED NUMBER: 02247773)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved and authorised for issue by the Board of Directors on 16 January 2020 and
were signed on its behalf by:





R Staples - Director


The notes form part of these financial statements

Page 3
HURLINGHAM ESTATES LIMITED (REGISTERED NUMBER: 02247773)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2019

1. STATUTORY INFORMATION

Hurlingham Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises of rent, lease premiums, amounts recharged to tenants and the sale proceeds of trading
properties arising in the United Kingdom, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

Page 4 continued...
HURLINGHAM ESTATES LIMITED (REGISTERED NUMBER: 02247773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2018
and 31 May 2019 8,955
DEPRECIATION
At 1 June 2018 2,382
Charge for year 2,382
At 31 May 2019 4,764
NET BOOK VALUE
At 31 May 2019 4,191
At 31 May 2018 6,573

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2018 7,450,000
Additions 16,916
Revaluations 508,084
At 31 May 2019 7,975,000
NET BOOK VALUE
At 31 May 2019 7,975,000
At 31 May 2018 7,450,000

The properties have been revalued to open market value by the directors. The historical cost of the properties
is £6,622,291

Fair value at 31 May 2019 is represented by:

£   
Valuation in 2010 (680,599 )
Valuation in 2015 385,000
Valuation in 2016 75,000
Valuation in 2017 125,000
Valuation in 2018 940,224
Valuation in 2019 508,084
Cost 6,622,291
7,975,000

Page 5 continued...
HURLINGHAM ESTATES LIMITED (REGISTERED NUMBER: 02247773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 12,601 20,664

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 8,898 71,092
Taxation and social security 119,024 148,198
Other creditors 214,227 76,579
342,149 295,869

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
500,000 Ordinary £1 500,000 500,000

9. RESERVES
Fair
value
reserve
£   
At 1 June 2018 946,386
Transfer 421,710

At 31 May 2019 1,368,096

Page 6