Hoxa Headquarters Limited

Hoxa Headquarters Limited

HOXA HEADQUARTERS LIMITED - Company Information

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1 September 2018 false Taxfiler 2019.11.Web 09168435business:PrivateLimitedCompanyLtd2018-09-012019-08-31 091684352018-08-31 091684352018-09-012019-08-31 09168435business:AuditExempt-NoAccountantsReport2018-09-012019-08-31 09168435business:FullAccounts2018-09-012019-08-31 091684352019-08-31 09168435business:Director12018-09-012019-08-31 09168435business:Director22018-09-012019-08-31 09168435business:RegisteredOffice2018-09-012019-08-31 091684352018-08-31 09168435core:WithinOneYear2019-08-31 09168435core:WithinOneYear2018-08-31 09168435core:AfterOneYear2019-08-31 09168435core:AfterOneYear2018-08-31 09168435core:ShareCapital2019-08-31 09168435core:ShareCapital2018-08-31 09168435core:RetainedEarningsAccumulatedLosses2019-08-31 09168435core:RetainedEarningsAccumulatedLosses2018-08-31 09168435business:SmallEntities2018-09-012019-08-31 09168435countries:EnglandWales2018-09-012019-08-31 09168435core:PlantMachinery2018-09-012019-08-31 09168435core:FurnitureFittings2018-09-012019-08-31 09168435core:IntangibleAssetsOtherThanGoodwill2018-08-31 09168435core:IntangibleAssetsOtherThanGoodwill2019-08-31 09168435core:IntangibleAssetsOtherThanGoodwill2018-09-012019-08-31 09168435core:PlantMachinery2018-08-31 09168435core:FurnitureFittings2018-08-31 09168435core:PlantMachinery2019-08-31 09168435core:FurnitureFittings2019-08-31 09168435core:AfterOneYear2018-09-012019-08-31 091684352017-09-012018-08-31 iso4217:GBP xbrli:pure
Company Registration No. 09168435 (England and Wales)
Hoxa Headquarters Limited Unaudited accounts for the year ended 31 August 2019
Hoxa Headquarters Limited Unaudited accounts Contents
Page
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Hoxa Headquarters Limited Company Information for the year ended 31 August 2019
Directors
James Hogarth Sarah Nixey
Company Number
09168435 (England and Wales)
Registered Office
1-14 West Heath Yard 174 Mill Lane London NW6 1TB UK
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Hoxa Headquarters Limited Statement of financial position as at 31 August 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
15,000 
18,000 
Tangible assets
5
80,069 
96,158 
95,069 
114,158 
Current assets
Debtors
6
20,800 
16,340 
Cash at bank and in hand
5,908 
17,168 
26,708 
33,508 
Creditors: amounts falling due within one year
7
(67,078)
(93,410)
Net current liabilities
(40,370)
(59,902)
Total assets less current liabilities
54,699 
54,256 
Creditors: amounts falling due after more than one year
8
- 
(10,690)
Net assets
54,699 
43,566 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
54,698 
43,565 
Shareholders' funds
54,699 
43,566 
For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 March 2020.
James Hogarth Director Company Registration No. 09168435
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Hoxa Headquarters Limited Notes to the Accounts for the year ended 31 August 2019
1
Statutory information
Hoxa Headquarters Limited is a private company, limited by shares, registered in England and Wales, registration number 09168435. The registered office is 1-14 West Heath Yard, 174 Mill Lane, London, NW6 1TB, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Summary of significant accounting polices and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Presentation currency
The accounts are presented in £ sterling.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover shown net of sales/Value Added Tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in the profit and loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the counties where the company operates and generates taxable income.
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Hoxa Headquarters Limited Notes to the Accounts for the year ended 31 August 2019
Tangible fixed assets and depreciation
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives , as follows:
Plant & machinery
Studio Equipment - 25% Straight line
Fixtures & fittings
Studio Refurbishment - Over term of lease 10 Years
Intangible fixed assets
Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losess. Lease premuim is recognised as an intangible asset and amortised over the term or the lease.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting dated. If there is an unconditional right to defer settlement for at least twelve months after the reporting dated, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Hoxa Headquarters Limited Notes to the Accounts for the year ended 31 August 2019
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2018
30,000 
At 31 August 2019
30,000 
Amortisation
At 1 September 2018
12,000 
Charge for the year
3,000 
At 31 August 2019
15,000 
Net book value
At 31 August 2019
15,000 
At 31 August 2018
18,000 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2018
7,793 
159,783 
167,576 
At 31 August 2019
7,793 
159,783 
167,576 
Depreciation
At 1 September 2018
7,792 
63,626 
71,418 
Charge for the year
- 
16,089 
16,089 
At 31 August 2019
7,792 
79,715 
87,507 
Net book value
At 31 August 2019
1 
80,068 
80,069 
At 31 August 2018
1 
96,157 
96,158 
6
Debtors
2019 
2018 
£ 
£ 
Trade debtors
10,800 
6,340 
Accrued income and prepayments
10,000 
10,000 
20,800 
16,340 
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Hoxa Headquarters Limited Notes to the Accounts for the year ended 31 August 2019
7
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Bank loans and overdrafts
13,199 
46,550 
Trade creditors
5,857 
5,724 
Taxes and social security
15,936 
15,845 
Other creditors
19,295 
6,400 
Loans from directors
891 
3,891 
Accruals
11,900 
15,000 
67,078 
93,410 
8
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Bank loans
- 
10,690 
The bank loan is secured by first charge over the fixed assets of the company and by a personal guarantee from James Hogarth a director of the company.
9
Average number of employees
During the year the average number of employees was 1 (2018: 1).
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