HHL Ventures Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08111299 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

HHL VENTURES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr M J Webb

Registered office:

160 Hanging Hill Lane

Brentwood

Essex

CM13 2HE

Registered number:

08111299 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Tangible assets

4

21,864

29,152

Investments

5

252,644

252,644

274,508

281,796

Current assets

Debtors

6

282,818

795,222

Cash at bank and in hand

1,163,506

503,431

1,446,324

1,298,653

Creditors

Amounts falling due within one year

7

99,180

218,182

Net current assets

1,347,144

1,080,471

Total assets less current liabilities

1,621,652

1,362,267

Capital and reserves

Called up share capital

8

1

1

Retained earnings

1,621,651

1,362,266

Shareholders' funds

1,621,652

1,362,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 31 March 2020 and were signed by:

Mr M J Webb - Director

1.	Statutory information

HHL Ventures Ltd 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.

Turnover

Turnover is comprised of income from interest in a joint venture.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

Investment

Investments held as fixed assets are stated at cost.

3.	Employees and directors

The average number of employees during the year was 1 (2018 - 1 ) .

4.	Tangible fixed assets

Motor

vehicles

£

Cost

At 1 July 2018

and 30 June 2019

39,990

Depreciation

At 1 July 2018

10,838

Charge for year

7,288

At 30 June 2019

18,126

Net book value

At 30 June 2019

21,864

At 30 June 2018

29,152

5.	Fixed asset investments

Interest in

joint

venture

£

Cost

At 1 July 2018

and 30 June 2019

252,644

Net book value

At 30 June 2019

252,644

At 30 June 2018

252,644

6.

Debtors: amounts falling due within one year

2019

2018

£

£

Other debtors

282,818

795,222

7.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

-

780

Taxation and social security

68,345

196,567

Other creditors

30,835

20,835

99,180

218,182

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 June 2019 and

30 June 2018:

2019

2018

£

£

Mr M J Webb

Balance outstanding at start of year

(20,000

)

-

Amounts advanced

20,000

-

Amounts repaid

(30,000

)

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(30,000

)

(20,000

)

10.	Related party disclosures

Included within other debtors due within one year is an amount of £244,356 (2018 - £795,222) due from KV

Business Joint Venture in regards to profit for the 2018/19 financial year.