Hodgkinson Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11812070 (England and Wales)

HODGKINSON HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 FEBRUARY 2019 TO 31 DECEMBER 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J L Wood

C J Wood

E J Taylor

REGISTERED OFFICE:

The Exchange

5 Bank Street

Bury

BL9 0DN

REGISTERED NUMBER:

11812070 (England and Wales)

ACCOUNTANTS:

DTE Business Advisers Limited

Chartered Accountants

The Exchange

5 Bank Street

Bury

BL9 0DN

FIXED ASSETS

Investments

4

250,000

CURRENT ASSETS

Cash in hand

900

CREDITORS

Amounts falling due within one year

5

(150,000

)

NET CURRENT LIABILITIES

(149,100

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100,900

CAPITAL AND RESERVES

Called up share capital

930

Other reserves

99,970

100,900

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 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 by the Board of Directors and authorised for issue on 1 May 2020 and were signed on its behalf by:

J L Wood - Director

1.	STATUTORY INFORMATION

Hodgkinson Holdings Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number is 11812070 and its registered office address is The Exchange, 5 Bank Street,

Bury, BL9 0DN,

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.

The directors have considered the impact of the global Covid-19 pandemic on the company and recognise that

the future cannot be predicted with certainty. However, the directors expect that the group will continue trading,

albeit at a reduced level. Many staff members of the subsidiary have been placed on furlough and will be brought

back into the company as soon as activity recommences. The directors have brought in other cost control

measures and will make use of any government funding available to them.

The company had net assets of £100,900 at the year end and the subsidiary has generated profits post year end.

The directors believe that the company is well placed to manage the risks at these challenging times and

therefore continue to adopt a going concern basis of accounting in preparing these financial statements.

Critical accounting judgements and key sources of estimation uncertainty

There are currently no critical accounting estimates and judgements applied by the directors that are considered

key to the preparation of the financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 accounts receivable and payable, 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 income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

Taxation

Taxation for the period 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 period 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 period was 3 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

250,000

At 31 December 2019

250,000

NET BOOK VALUE

At 31 December 2019

250,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

75,000

Other creditors

75,000

150,000

6.	POST BALANCE SHEET EVENTS

Post year end saw the outbreak of Covid-19 in China which has become a global pandemic. The directors expect

the group to continue trading through the pandemic, albeit at a reduced level. The directors have considered the

impact of the global Covid-19 pandemic on the company and recognise that the future cannot be predicted with

certainty. Many staff members of the subsidiary have been placed on furlough and will be brought back into the

company as soon as activity recommences. The directors have brought in other cost control measures and will

make use of any government funding available to them.