| HASTRIDGE LIMITED |
| Notes to the Accounts |
| for the year ended 30 April 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents poceeds from the sale of shares and securities. |
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Stocks |
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Stocks comprise of quoted securities stated at the lower of cost and market value. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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| 2 |
Employees |
2020 |
|
2019 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
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|
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| 3 |
Debtors |
2020 |
|
2019 |
| £ |
£ |
|
|
Other debtors |
241 |
|
29,386 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
| £ |
£ |
|
|
Unsecured loan |
179,592 |
|
179,499 |
|
Other creditors |
660 |
|
660 |
|
|
|
|
|
|
180,252 |
|
180,159 |
|
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The unsecured loan is interest free and repayable as and when the company has available cash |
|
resources. |
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| 5 |
Controlling parties |
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Hastridge Limited is controlled by Mrs Belinda Tracey and Mrs Juliet Redstone who each own 49 shares in the company. |
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| 6 |
Other information |
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HASTRIDGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
111 High Street |
|
Edgware |
|
Middlesex |
|
HA8 7DB |
