Five Hestercombe Avenue Limited - Period Ending 2020-03-31

Registration number: 01300117

Five Hestercombe Avenue Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2020

mca Shepherd Smail
21 Market Place
Cirencester
Gloucestershire
GL7 2NX

Five Hestercombe Avenue Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

Five Hestercombe Avenue Limited

Company Information

Directors

Mrs R.V.S. Harford Mr G.E. Harford Mr J.A. Harford G.M. Branch

Company secretary

Mrs R.V.S. Harford

Registration number

01300117

Registered office

21 Market Place Cirencester Gloucestershire GL7 2NX

Accountants

mca Shepherd Smail 21 Market Place Cirencester Gloucestershire GL7 2NX

Page 1

Five Hestercombe Avenue Limited

(Registration number: 01300117)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	4	173	173
Current assets
Cash at bank and in hand		3	3
Creditors: Amounts falling due within one year	5	(173)	(173)
Net current liabilities		(170)	(170)
Net assets		3	3
Capital and reserves
Called up share capital	6	3	3
Total equity		3	3

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 December 2020 and signed on its behalf by:
 

Mrs R.V.S. Harford

Company secretary and director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Five Hestercombe Avenue Limited

Notes to the Financial Statements for the Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Market Place
Cirencester
Gloucestershire
GL7 2NX

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Page 3

Five Hestercombe Avenue Limited

Notes to the Financial Statements for the Year Ended 31 March 2020

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Buildings	No depreciation

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2019 - 0).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2019	173	173
At 31 March 2020	173	173
Depreciation
Carrying amount
At 31 March 2020	173	173
At 31 March 2019	173	173

Included within the net book value of land and buildings above is £173 (2019 - £173) in respect of freehold land and buildings.
 

Page 4

Five Hestercombe Avenue Limited

Notes to the Financial Statements for the Year Ended 31 March 2020

5

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Other creditors	173	173

6	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary share capital of £1 each	3	3	3	3

Page 5