A & B Hanson Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00142512 (England and Wales)

Financial Statements

for the Year Ended 31 October 2019

for

A & B HANSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J D R Taylor

Mrs K J S Taylor

SECRETARY:

Mr J D R Taylor

REGISTERED OFFICE:

Brook House

Mint Street

Godalming

Surrey

GU7 1HE

REGISTERED NUMBER:

00142512 (England and Wales)

ACCOUNTANTS:

Churchmill Partnership Limited

Brook House

Mint Street

Godalming

Surrey

GU7 1HE

FIXED ASSETS

Tangible assets

4

2,610,000

2,610,000

CURRENT ASSETS

Debtors

5

123,367

55,733

Cash at bank

834,817

837,872

958,184

893,605

CREDITORS

Amounts falling due within one year

6

107,818

110,589

NET CURRENT ASSETS

850,366

783,016

TOTAL ASSETS LESS CURRENT LIABILITIES

3,460,366

3,393,016

CAPITAL AND RESERVES

Called up share capital

8,500

8,500

Revaluation reserve

7

2,501,620

2,501,620

Other reserves

224,211

224,211

Retained earnings

726,035

658,685

SHAREHOLDERS' FUNDS

3,460,366

3,393,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 8 July 2020 and were signed on its behalf by:

Mrs K J S Taylor - Director

1.	STATUTORY INFORMATION

A & B Hanson Limited 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income receivable in respect of the occupancy by tenants of the company's

freehold investment properties, excluding value added tax, and is recognised in the month to which it

relates.

Tangible fixed assets

The company's freehold investment properties are initially measured at cost. Subsequently investment

properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are

measured at fair value. Gains and losses arising from changes in the fair value of investment properties are

included in the profit or loss in the period in which they arise.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 November 2018

and 31 October 2019

2,610,000

NET BOOK VALUE

At 31 October 2019

2,610,000

At 31 October 2018

2,610,000

Cost or valuation at 31 October 2019 is represented by:

Land and

buildings

£

Valuation in 2016

2,269,604

Valuation in 1985

232,016

Cost

108,380

2,610,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade debtors

107,798

52,800

Other debtors

15,569

2,933

123,367

55,733

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade creditors

6,226

-

Taxation and social security

35,489

40,101

Other creditors

66,103

70,488

107,818

110,589

7.

RESERVES

Revaluation

reserve

£

At 1 November 2018

and 31 October 2019

2,501,620