Hallswelle Management & Administration Services Limited Company accounts
Hallswelle Management & Administration Services Limited Company accounts
COMPANY REGISTRATION NUMBER:
09999054
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Financial Statements |
Year ended 28 February 2019
Contents |
Page |
Director's report |
1 |
Statement of income and retained earnings |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
5 |
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Director's Report |
Year ended 28 February 2019
The director presents her report and the unaudited financial statements of the company for the year ended
28 February 2019
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Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
18 May 2020
and signed on behalf of the board by:
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Director |
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Registered office: |
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United Kingdom |
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Statement of Income and Retained Earnings |
Year ended 28 February 2019
2019 |
2018 |
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Note |
£ |
£ |
Fees receivable |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Operating profit |
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Profit before taxation |
5 |
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Tax on profit |
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Profit for the financial year and total comprehensive income |
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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– |
Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
– |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
18 May 2020
, and are signed on behalf of the board by:
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Director |
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Company registration number:
09999054
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Notes to the Financial Statements |
Year ended 28 February 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2018:
1
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5.
Profit before taxation
Profit before taxation is stated after charging:
2019 |
2018 |
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£ |
£ |
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Depreciation of tangible assets |
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– |
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6.
Tangible assets
Fixtures and fittings |
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£ |
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Cost |
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At 1 March 2018 |
– |
Additions |
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At 28 February 2019 |
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Depreciation |
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At 1 March 2018 |
– |
Charge for the year |
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At 28 February 2019 |
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Carrying amount |
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At 28 February 2019 |
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At 28 February 2018 |
– |
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7.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
2019 |
2018 |
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£ |
£ |
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Social security and other taxes |
– |
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