Hodsons Estate Agents (Pontefract) - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09944763 (England and Wales)

Hodsons Estate Agents (Pontefract)

Limited

Financial Statements

for the Year Ended 31 December 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R P Hodson

S A Hodson

J A Clarke

S B Benev

C Hepworth

REGISTERED OFFICE:

37 - 39 George Street

Wakefield

West Yorkshire

WF1 1LX

REGISTERED NUMBER:

09944763 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

1,207

3,795

CURRENT ASSETS

Debtors

5

8,376

16,139

Cash at bank and in hand

20,694

17,441

29,070

33,580

CREDITORS

Amounts falling due within one year

6

85,630

81,067

NET CURRENT LIABILITIES

(56,560

)

(47,487

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(55,353

)

(43,692

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

(55,453

)

(43,792

)

(55,353

)

(43,692

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 6 July 2020 and were signed on its behalf by:

S B Benev - Director

J A Clarke - Director

R P Hodson - Director

1.	STATUTORY INFORMATION

Hodsons Estate Agents (Pontefract) 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.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The company had net liabilities at the balance sheet date and is dependent on the support of its directors and related companies. The company is in it's infancy and it is hoped that turnover will increase in the coming months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2019

4,234

-

6,578

10,812

Additions

-

-

125

125

At 31 December 2019

4,234

-

6,703

10,937

DEPRECIATION

At 1 January 2019

1,852

1,059

4,106

7,017

Charge for year

1,058

-

1,655

2,713

Reclassification/transfer

1,059

(1,059

)

-

-

At 31 December 2019

3,969

-

5,761

9,730

NET BOOK VALUE

At 31 December 2019

265

-

942

1,207

At 31 December 2018

2,382

(1,059

)

2,472

3,795

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

5,483

15,614

Amounts owed by group undertakings

100

100

Prepayments and accrued income

2,793

425

8,376

16,139

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

1,566

2,667

Amounts owed to group undertakings

57,963

37,963

Social security and other taxes

2,667

2,585

VAT

7,855

8,035

Directors' current accounts

14,000

26,000

Accruals and deferred income

1,579

3,817

85,630

81,067

7.

RESERVES

Retained

earnings

£

At 1 January 2019

(43,792

)

Deficit for the year

(11,661

)

At 31 December 2019

(55,453

)