Burnett Hodd Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04702039 (England and Wales)

BURNETT HODD PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs R M Hodd

N F Burnett Hodd

Dr C L Burnett Hodd

REGISTERED OFFICE:

2nd Floor, 201 Haverstock Hill

Belsize Park

London

NW3 4QG

REGISTERED NUMBER:

04702039 (England and Wales)

ACCOUNTANTS:

AEL Markhams Ltd

Chartered Accountants

201 Haverstock Hill

London

NW3 4QG

FIXED ASSETS

Tangible assets

4

2,603

3,698

CURRENT ASSETS

Debtors

5

15,625

15,625

Cash at bank

93,023

47,870

108,648

63,495

CREDITORS

Amounts falling due within one year

6

47,267

28,226

NET CURRENT ASSETS

61,381

35,269

TOTAL ASSETS LESS CURRENT LIABILITIES

63,984

38,967

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

63,884

38,867

SHAREHOLDERS' FUNDS

63,984

38,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 4 August 2020 and were signed on its behalf by:

N F Burnett Hodd - Director

Mrs R M Hodd - Director

1.	STATUTORY INFORMATION

Burnett Hodd Properties Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

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 accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are

measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to

be paid or received.

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

though profit or loss.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between

an asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the

amount that the Company would receive for the asset if it were to be sold at the reporting date.

Going concern

As stated in the Post Balance Sheet Events note, the directors have considered the effect of the Covid-19

outbreak on trading activities and operations. The directors consider that the outbreak is likely to cause a

significant disruption to the company's activities yet are confident that the company can continue as a going

concern for a period of at least twelve months from the date of approval of these financial statements. The

directors have a reasonable expectation that the company has adequate resources to continue in operation for the

foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

5,472

DEPRECIATION

At 1 April 2019

1,774

Charge for year

1,095

At 31 March 2020

2,869

NET BOOK VALUE

At 31 March 2020

2,603

At 31 March 2019

3,698

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

15,625

15,625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

373

373

Taxation and social security

6,125

4,133

Other creditors

40,769

23,720

47,267

28,226

7.	POST BALANCE SHEET EVENTS

The directors have considered the effect of the Covid-19 outbreak that has been spreading throughout the world

in early 2020, on the company's activities and operations.. This outbreak is likely to cause a significant disruption

to the company's income and continuing activities but the directors have taken measures to ensure that the

company remains solvent and able to trade by furloughing staff and cutting costs to a level which can be

supported by anticipated revenue.