Natural Habitat Developments Limited Filleted accounts for Companies House (small and micro)

NATURAL HABITAT DEVELOPMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04616007

Natural Habitat Developments Limited

Filleted Unaudited Financial Statements

31 March 2020

Natural Habitat Developments Limited

Statement of Financial Position

31 March 2020

	2020		2019
Note	£	£	£

Fixed assets

Investments	4		1	1

Current assets

Stocks		684,202	672,361
Debtors	5	30,889	29,647
Cash at bank and in hand		1,303	1,995
		---------	---------
		716,394	704,003

Creditors: amounts falling due within one year	6	13,872		3,701
		---------		---------
Net current assets			702,522	700,302
			---------	---------
Total assets less current liabilities			702,523	700,303

Creditors: amounts falling due after more than one year	7	706,884	705,438
		---------	---------
Net liabilities		( 4,361)	( 5,135)
		---------	---------

Capital and reserves

Called up share capital	501,000	501,000
Profit and loss account	( 505,361)	( 506,135)
	---------	---------
Shareholders deficit	( 4,361)	( 5,135)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Natural Habitat Developments Limited

Statement of Financial Position (continued)

31 March 2020

These financial statements were approved by the board of directors and authorised for issue on 2 December 2020 , and are signed on behalf of the board by:

Mr S W Robinson

Director

Company registration number: 04616007

Natural Habitat Developments Limited

Notes to the Financial Statements

Year ended 31 March 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Godalming Business Centre, Woolsack Way, Godalming, Surrey, GU7 1XW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities .

4. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2019 and 31 March 2020	1
	----
Impairment
At 1 April 2019 and 31 March 2020	–
	----

Carrying amount
At 31 March 2020	1
	----
At 31 March 2019	1
	----

The company owns 100% of the issued share capital of the companies listed below:

Aggregate capital and reserves

Natural Habitat Finance Limited(dormant)

Profit and (loss) for the year

Natural Habitat Finance Limited

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

5. Debtors

	2020	2019
	£	£
Other debtors	30,889	29,647
	--------	--------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	13,346	3,175
Other creditors	526	526
	--------	-------
	13,872	3,701
	--------	-------

7. Creditors: amounts falling due after more than one year

	2020	2019
	£	£
Shareholders' loans	706,884	705,438
	---------	---------

8. Related party transactions

The company was under the control of its directors throughout the current and prior period.