ACCOUNTS - Final Accounts

HOCKLEY HEATH MANAGEMENT LIMITED - Company Information

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Registered number: 02404163

HOCKLEY HEATH MANAGEMENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2019

HOCKLEY HEATH MANAGEMENT LIMITED

REGISTERED NUMBER: 02404163

BALANCE SHEET

AS AT 31 DECEMBER 2019

		2019		2018
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	8,989		4,958
Cash at bank and in hand		52,575		48,044
		61,564		53,002
Creditors: amounts falling due within one year	5	(23,682)		(10,599)
Net current assets			37,882		42,403
Total assets less current liabilities			37,882		42,403

Net assets			37,882		42,403

Capital and reserves
Called up share capital		19	19
Other reserves	6	37,863	42,384
		37,882	42,403

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L G Balla

Director

Date: 21 October 2020

The notes on pages 2 to 3 form part of these financial statements.

Page 1

HOCKLEY HEATH MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

1.	General information

Hockley Heath Management Limited is a limited liability company incorporated and domiciled in England. The registered office is shown on the Company Information page.
The financial statements are prepared in Sterling (£) which is the functional currency of the company. The financial statements are for the year ended 31 December 2019 (2018: year ended 31 December 2018).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Service charge receivable

Service charge income represents maintenance, managment and administration costs recoverable from owners or occupiers of units on the site, exclusive of Value Added Tax. Amounts are charged quarterly on account and any surplus or deficit are refunded or recharged to the relevant parties.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 1 (2018 -1).

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HOCKLEY HEATH MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

Debtors

					2019	2018
					£	£


Other debtors	8,814	4,734
Prepayments and accrued income	175	224
	8,989	4,958

5.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Trade creditors	5,060	2,152
Other creditors	13,493	6,407
Accruals and deferred income	5,129	2,040
	23,682	10,599

6.	General reserve fund

Other reserves

The general reserve fund has been established to meet the cost of a large, non-regular repair and maintenance work. The present level of the fund may prove insufficient, given the uncertainty as to when further such costs may rise.
Any shortfall in these funds resulting from the expenditure incurred will be charged to the Income and Expenditure account in the year.

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