ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

HUNTING GATE INVESTMENTS LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 2019-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2019-01-01 01172989 2019-01-01 2019-12-31 01172989 2018-01-01 2018-12-31 01172989 2019-12-31 01172989 2018-12-31 01172989 c:Director1 2019-01-01 2019-12-31 01172989 c:RegisteredOffice 2019-01-01 2019-12-31 01172989 d:OtherPropertyPlantEquipment 2019-12-31 01172989 d:OtherPropertyPlantEquipment 2018-12-31 01172989 d:CurrentFinancialInstruments 2019-12-31 01172989 d:CurrentFinancialInstruments 2018-12-31 01172989 d:ShareCapital 2019-12-31 01172989 d:ShareCapital 2018-12-31 01172989 d:RetainedEarningsAccumulatedLosses 2019-12-31 01172989 d:RetainedEarningsAccumulatedLosses 2018-12-31 01172989 c:FRS102 2019-01-01 2019-12-31 01172989 c:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-31 01172989 c:FullAccounts 2019-01-01 2019-12-31 01172989 c:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 iso4217:GBP xbrli:pure
Registered number: 01172989










HUNTING GATE INVESTMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




















 
HUNTING GATE INVESTMENTS LIMITED
 
 
Company Information


Director
J P Walters 




Registered number
01172989



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW




 
HUNTING GATE INVESTMENTS LIMITED
Registered number: 01172989

Balance sheet
As at 31 December 2019

2019
2018
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,000
3,000

Current assets
  

Debtors: amounts falling due within one year
 5 
950,623
947,637

  

Net assets
  
953,623
950,637


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
952,623
949,637

  
953,623
950,637


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
 

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 February 2020.



J P Walters
Director
The notes on pages 2 to 4 form part of these financial statements.

Page 1
 
HUNTING GATE INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2019

1.


General information

Hunting Gate Investments Limited is a private limited company incorporated in the United Kingdom and registered in England and Wales. The company's registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.
The principal activity of the company during the year continues to be that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover consists of rent receivable during the year.

  
2.3

Investment property

Investment property is initially recognised on acquisition at cost, including related acquisition costs, and is revalued annually by a professionally qualified director to reflect fair value. Fair value is derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and loss account.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

Page 2
 
HUNTING GATE INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2019

2.Accounting policies (continued)

 
2.6

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.


Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2018 - 1).


4.


Tangible fixed assets





Investment Property

£



Cost or valuation


At 1 January 2019
3,000



At 31 December 2019

3,000






Net book value



At 31 December 2019
3,000



At 31 December 2018
3,000


Page 3
 
HUNTING GATE INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2019

5.


Debtors

2019
2018
£
£


Amounts owed by group undertakings
948,101
947,637

Prepayments and accrued income
2,522
-

950,623
947,637



6.


Parent undertaking

The parent undertaking of the smallest group of which Hunting Gate Investments Limited is a member and consolidated accounts are prepared is Hunting Gate Group Limited. Their registered office address is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

 
Page 4