Hunter Building Services Limited - Accounts to registrar (filleted) - small 18.2
Hunter Building Services Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2019 |
| for |
| Hunter Building Services Limited |
| Hunter Building Services Limited (Registered number: SC041219) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Hunter Building Services Limited |
| Company Information |
| for the Year Ended 31 October 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 147 Bath Street |
| Glasgow |
| G2 4SN |
| Hunter Building Services Limited (Registered number: SC041219) |
| Balance Sheet |
| 31 October 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| Investment property | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Hunter Building Services Limited (Registered number: SC041219) |
| Balance Sheet - continued |
| 31 October 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on signed on its behalf by: |
| Hunter Building Services Limited (Registered number: SC041219) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2019 |
| 1. | STATUTORY INFORMATION |
| Hunter Building Services Limited is a |
| 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 |
| 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 the going concern basis of accountancy appropriate in preparing the annual |
| financial statements. |
| Significant judgements and estimates |
| The Directors have made judgements, estimates and assumptions that affect the amounts reported within the |
| financial statements during the year. Actual results may differ from these estimates. Estimates and underlying |
| assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have |
| a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the |
| financial statements are addressed and detail is provided in the associated notes. |
| Turnover |
| Turnover represents net management fees received from subsidiary companies, excluding value added tax, and |
| recognised when the company becomes entitled to the income. |
| Intangible assets |
| Goodwill, being the amount paid in connection with the acquisition of a business, has been fully amortised in |
| previous years. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are initially recognised at cost, and subsequently measured at cost less |
| impairment. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Hunter Building Services Limited (Registered number: SC041219) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, |
| debtors, creditors, and fixed asset investments of non-puttable listed ordinary shares and debentures. |
| Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with |
| banks and other short-term highly liquid investments with original maturities of three months or less and bank |
| overdrafts. A bank overdraft would be shown within current liabilities. |
| Debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective |
| interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such |
| cases, trade and other debtors are stated at cost less losses for bad debts. |
| Creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective |
| interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are |
| stated at cost. |
| Non-puttable listed ordinary shares are initially recognised at transaction value and subsequently valued at fair |
| value with any changes in fair value being recognised in the profit and loss account. |
| Debentures held are initially recognised at transaction value, and subsequently valued at amortised cost using the |
| effective interest method. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet 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 year 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Employee benefits |
| The total cost of employee benefits to which employees have become entitled as a result of service rendered to |
| the entity during the reporting period are recognised and charged to the profit and loss account in the period to |
| which they relate. |
| Hunter Building Services Limited (Registered number: SC041219) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Provision for liabilities |
| A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past |
| event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be |
| estimated reliably. The provision is subsequently measured by placing a charge against the provision only for |
| expenditure for which the provision was originally recognised. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 November 2018 |
| and 31 October 2019 |
| AMORTISATION |
| At 1 November 2018 |
| and 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 November 2018 |
| Additions |
| At 31 October 2019 |
| DEPRECIATION |
| At 1 November 2018 |
| Charge for year |
| At 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| In the opinion of the directors, the amount at which the assets are stated is reflective of their current fair value. |
| Hunter Building Services Limited (Registered number: SC041219) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 October 2019 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 1988 | 7,051 | - | 7,051 |
| Cost | 181,372 | 101,230 | 282,602 |
| 188,423 | 101,230 | 289,653 |
| If freehold property had not been revalued it would have been included at the following historical cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 181,372 | 181,372 |
| Aggregate depreciation | 106,936 | 103,308 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 November 2018 | 837,232 |
| Additions | 692,327 |
| Disposals | ( |
) | (802,801 | ) |
| Revaluations | 21,660 |
| At 31 October 2019 | 748,418 |
| NET BOOK VALUE |
| At 31 October 2019 | 748,418 |
| At 31 October 2018 | 837,232 |
| Cost or valuation at 31 October 2019 is represented by: |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2018 | - | 703,835 | 703,835 |
| Cost | 37,983 | 6,600 | 44,583 |
| 37,983 | 710,435 | 748,418 |
| Hunter Building Services Limited (Registered number: SC041219) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 7. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2018 |
| and 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| The Directors are in agreement that the valuation of the investment property shown in the financial statements is |
| reflective of the current fair value. |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 10. | SECURED DEBTS |
| An unlimited cross-company guarantee is in place by Hunter Building Services Limited in favour of Lombard |
| North Central Plc for Hunterbs Limited obligations. |
| Two guarantees and indemnities are in place by Hunter Building Services Limited in favour of Close Brothers |
| Limited in relation to Hunterbs Limited obligations, dated August and October 2018. |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 October 2019 and |
| 31 October 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The above loans are interest free with no conditions attached. |
| Hunter Building Services Limited (Registered number: SC041219) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2019 |
| 12. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
| transactions with wholly owned subsidiaries within the group. |