Hurstvale Limited - Accounts to registrar (filleted) - small 18.2
Hurstvale Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2020 |
| for |
| Hurstvale Limited |
| Hurstvale Limited (Registered number: 02614494) |
| Contents of the Financial Statements |
| for the year ended 30 April 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Hurstvale Limited |
| Company Information |
| for the year ended 30 April 2020 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Emstrey House |
| Shrewsbury Business Park |
| Shrewsbury |
| Shropshire |
| SY2 6LG |
| BANKERS: |
| 3 King Street |
| Ludlow |
| Shropshire |
| SY8 1AJ |
| Hurstvale Limited (Registered number: 02614494) |
| Statement of Financial Position |
| 30 April 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve | 8 |
| Fair value reserve | 8 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| Hurstvale Limited (Registered number: 02614494) |
| Statement of Financial Position - continued |
| 30 April 2020 |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on signed by: |
| Hurstvale Limited (Registered number: 02614494) |
| Notes to the Financial Statements |
| for the year ended 30 April 2020 |
| 1. | STATUTORY INFORMATION |
| Hurstvale Limited is a |
| 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 |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| 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. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - NIL). |
| Hurstvale Limited (Registered number: 02614494) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2020 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 May 2019 |
| Revaluations | (2,151 | ) |
| At 30 April 2020 |
| NET BOOK VALUE |
| At 30 April 2020 |
| At 30 April 2019 |
| Fair value at 30 April 2019 is represented by: |
| £ |
| Valuation as at 30 April 2015 | 883,181 |
| Uplift in valuation in 2016 | 11,639 |
| Uplift in valuation in 2017 | 31,493 |
| Uplift in valuation in 2018 | 31,151 |
| Uplift in valuation in 2019 | 26,232 |
| Disposal at cost | (78,539 | ) |
| Uplift in valuation in 2020 | (2,151 | ) |
| 903,006 |
| If investment properties had not been revalued they would have been included at the following historical |
| cost: |
| 2020 | 2019 |
| £ | £ |
| Cost | 743,680 | 743,680 |
| Investment properties were valued on a open market value basis on 30 April 2020 by the director. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other debtors |
| Hurstvale Limited (Registered number: 02614494) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2020 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax |
| Other timing differences | 27,283 | 27,692 |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2019 |
| Provided during year | ( |
) |
| Balance at 30 April 2020 |
| 8. | RESERVES |
| Capital | Fair |
| Retained | redemption | value |
| earnings | reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 May 2019 | 446,559 |
| Profit for the year |
| Reserve transfers | (13,579 | ) | - | 13,579 | - |
| At 30 April 2020 | 471,845 |
| 9. | RELATED PARTY DISCLOSURES |
| Included within creditors falling due within one year is an amount of £391,999 (2019 - £420,999) due to |
| Mrs M A Thorne, wife of Mr H T Thorne, the company's director. During the year no interest was paid on |
| the loan. The loan is repayable on demand. |