ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

HAYESCROFT HOLDINGS LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 2019-12-312019-12-31truetruedormanttrue2019-01-01 11383833 2019-01-01 2019-12-31 11383833 2019-12-31 11383833 2018-12-31 11383833 c:Director1 2019-01-01 2019-12-31 11383833 d:CurrentFinancialInstruments 2019-12-31 11383833 d:CurrentFinancialInstruments 2018-12-31 11383833 d:CurrentFinancialInstruments d:WithinOneYear 2019-12-31 11383833 d:CurrentFinancialInstruments d:WithinOneYear 2018-12-31 11383833 d:ShareCapital 2019-12-31 11383833 d:ShareCapital 2018-12-31 11383833 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2019-12-31 11383833 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2018-12-31 11383833 c:EntityNoLongerTradingButTradedInPast 2019-01-01 2019-12-31 11383833 c:FRS102 2019-01-01 2019-12-31 11383833 c:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-31 11383833 c:FullAccounts 2019-01-01 2019-12-31 11383833 c:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 11383833 6 2019-01-01 2019-12-31 iso4217:GBP

Registered number:  11383833














HAYESCROFT HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

 
HAYESCROFT HOLDINGS LIMITED
REGISTERED NUMBER: 11383833

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2019

2019
2018
Note
£
£

Fixed assets
  

Investments
 4 
12
11

  
12
11

Current assets
  

Cash at bank and in hand
 5 
2
2

  
2
2

Creditors: amounts falling due within one year
 6 
(12)
(11)

Net current liabilities
  
 
 
(10)
 
 
(9)

Total assets less current liabilities
  
2
2

  

Net assets
  
2
2

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HAYESCROFT HOLDINGS LIMITED
REGISTERED NUMBER: 11383833
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2019

2019
2018
Note
£
£

Capital and reserves
  

Called up share capital 
  
2
2

  
2
2


For the year ended 31 December 2019 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 30 March 2020.




D J P Hesketh
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
HAYESCROFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1.


General information

The entity is a private limited liability company, limited by shares registered in England and Wales within
the United Kingdom. The registered office is Paradigm House, Brooke Court, Wilmslow, Cheshire, SK9
3ND and company number is 11383833.

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.

 
2.2

Going concern

The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe that the going concern basis of accounting is appropriate in preparing the annual financial statements.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

Page 3
 
HAYESCROFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2018 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2019
11


Additions
1



At 31 December 2019
12





5.


Cash and cash equivalents

2019
2018
£
£

Cash at bank and in hand
2
2

2
2



6.


Creditors: Amounts falling due within one year

2019
2018
£
£

Amounts owed to group undertakings
12
11

12
11


Page 4
 
HAYESCROFT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

7.


Financial instruments

2019
2018
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2
2




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.  


8.


Related party transactions

The company has taken advantage of the exemption conferred under FRS 102 not to present transactions with other companies in the group.


9.


Controlling party

The company is under the control of D J P Hesketh. 

Page 5