HEDDRIK & STROUT LIMITED - Period Ending 2020-01-31

HEDDRIK & STROUT LIMITED

Contents

Company Information	1
Directors' Report	2
Profit and Loss Account	3
Statement of Comprehensive Income	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Financial Statements	7 to 10
Detailed Profit and Loss Account	11 to 12

HEDDRIK & STROUT LIMITED

Company Information

Directors

Woodford Directors Limited Ms Andreea Ecaterina Mocanu

Company secretary

Woodford Services Limited

Registered office

3 The Shrubberies George Lane London E18 1BD

Accountants

ACCOUNTING 2 TREND LTD 3 The Shrubberies George Lane London E18 1BD

HEDDRIK & STROUT LIMITED

Directors' Report for the Year Ended 31 January 2020

The directors present their report and the financial statements for the year ended 31 January 2020.

Directors of the company

The directors who held office during the year were as follows:

Woodford Directors Limited

Ms Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of an investment holding company.

Small companies provision statement

This report has 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.

Approved by the Board on 25 January 2021 and signed on its behalf by:

.........................................
Ms Andreea Ecaterina Mocanu
Director

HEDDRIK & STROUT LIMITED

Profit and Loss Account for the Year Ended 31 January 2020

	Note	2020 €	2019 €
Turnover		-	-
Administrative expenses		(2,131)	(8,085)
Operating loss		(2,131)	(8,085)
Loss before tax		(2,131)	(8,085)
Loss for the financial year		(2,131)	(8,085)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

HEDDRIK & STROUT LIMITED

Statement of Comprehensive Income for the Year Ended 31 January 2020

	2020 €	2019 €
Loss for the year	(2,131)	(8,085)
Total comprehensive income for the year	(2,131)	(8,085)

HEDDRIK & STROUT LIMITED

(Registration number: 06057119)
Balance Sheet as at 31 January 2020

	Note	2020 €	2019 €
Fixed assets
Investment property	4	491,000	491,000
Current assets
Debtors	5	-	1,250
Creditors: Amounts falling due within one year	6	(5,147)	(4,266)
Net current liabilities		(5,147)	(3,016)
Total assets less current liabilities		485,853	487,984
Creditors: Amounts falling due after more than one year	6	(602,669)	(602,669)
Net liabilities		(116,816)	(114,685)
Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(116,817)	(114,686)
Total equity		(116,816)	(114,685)

For the financial year ending 31 January 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.

Approved and authorised by the Board on 25 January 2021 and signed on its behalf by:
 

.........................................

Ms Andreea Ecaterina Mocanu
Director

HEDDRIK & STROUT LIMITED

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

1	General information

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

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the Board on 25 January 2021.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

HEDDRIK & STROUT LIMITED

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 1 (2019 - 1).

4	Investment properties

	2020 €
At 1 February	491,000

There has been no valuation of investment property by an independent valuer. The directors consider there have been no material changes to the value of the property.

5

Debtors

	2020 €	2019 €
Prepayments	-	1,250
	-	1,250

HEDDRIK & STROUT LIMITED

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

6

Creditors

Creditors: amounts falling due within one year

	2020 €	2019 €
Due within one year
Accruals and deferred income	1,711	830
Other creditors	3,436	3,436
	5,147	4,266

Creditors: amounts falling due after more than one year

	Note	2020 €	2019 €
Due after one year
Loans and borrowings	8	602,669	602,669

7	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	€	No.	€
Ordinary shares of €1 each	1	1	1	1

8	Loans and borrowings

	2020 €	2019 €
Non-current loans and borrowings
Other borrowings	602,669	602,669

9	Related party transactions

Loans from related parties

2020	Other related parties €
At start of period	602,669

HEDDRIK & STROUT LIMITED

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

2019	Other related parties €
At start of period	593,159
Advanced	9,510
At end of period	602,669

HEDDRIK & STROUT LIMITED

Detailed Profit and Loss Account for the Year Ended 31 January 2020

	2020 €	2019 €
Turnover (analysed below)	-	-
Administrative expenses
General administrative expenses (analysed below)	(2,131)	(8,085)
Operating loss	(2,131)	(8,085)
Loss before tax	(2,131)	(8,085)

HEDDRIK & STROUT LIMITED

Detailed Profit and Loss Account for the Year Ended 31 January 2020

2020 €

2019 €

General administrative expenses
Accountancy fees	(881)	(830)
Management fees	(1,250)	(7,255)
	(2,131)	(8,085)