HRA & Co Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 03757577

HRA & Co Ltd

Filleted Unaudited Financial Statements

30 April 2020

HRA & Co Ltd

Balance Sheet

30 April 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	5		61,147	64,216

Current assets

Debtors	6	148,668	149,184
Cash at bank and in hand		103,209	109,295
		---------	---------
		251,877	258,479

Creditors: amounts falling due within one year	7	64,198		62,198
		---------		---------
Net current assets			187,679	196,281
			---------	---------
Total assets less current liabilities			248,826	260,497
			---------	---------
Net assets			248,826	260,497
			---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	248,824	260,495
	---------	---------
Shareholders funds	248,826	260,497
	---------	---------

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 comprehensive income (including profit and loss account) has not been delivered.

For the year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HRA & Co Ltd

Balance Sheet (continued)

30 April 2020

These financial statements were approved by the board of directors and authorised for issue on 25 January 2021 , and are signed on behalf of the board by:

Mr S J Rutter
Director

Company registration number: 03757577

HRA & Co Ltd

Notes to the Financial Statements

Year ended 30 April 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 Hill Top Farm, Windmill Lane, Preston on the Hill, Warrington, WA4 4AZ.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements, estimates or assumptions

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Plant & machinery	-	25% straight line
Fixtures & fittings	-	20% straight line
Motor vehicles	-	25% straight line

	Office equipment	-	25% straight line

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 May 2019 and 30 Apr 2020	70,202	20,145	2,664	11,204	3,621	107,836
	--------	--------	-------	--------	-------	---------
Depreciation
At 1 May 2019	10,392	15,739	2,664	11,204	3,621	43,620
Charge for the year	866	2,203	–	–	–	3,069
	--------	--------	-------	--------	-------	---------
At 30 Apr 2020	11,258	17,942	2,664	11,204	3,621	46,689
	--------	--------	-------	--------	-------	---------
Carrying amount
At 30 Apr 2020	58,944	2,203	–	–	–	61,147
	--------	--------	-------	--------	-------	---------
At 30 Apr 2019	59,810	4,406	–	–	–	64,216
	--------	--------	-------	--------	-------	---------

6. Debtors

	2020	2019
	£	£
Other debtors	148,668	149,184
	---------	---------

Other debtors £148,668 represents amounts owed by related parties which the director does not expect to be received before 30 April 2021.

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Other creditors	64,198	62,198
	--------	--------

8. Director's advances, credits and guarantees

During the year the director advanced a further £2,000 to the company in respect of his loan. As at 30 April 2020 £63,406 (2019 £62,406) was owed to the director and will be repaid before 30 April 2021

9. Related party transactions

At 30 April 2020 £148,668 (2019 £148,668) was still owed by E-Scape Electric Riding Zones Ltd, a company under common control. The director does not expect this debt to be repaid before 30 April 2021.

10. Reserves

The only movements in reserves during the year were in respect of the loss for the year and dividends paid. All of the reserves are distributable.