Hocroft Trust Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00412143 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Hocroft Trust Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J H Williamson

REGISTERED OFFICE:

11 Windhill

Bishops Stortford

Hertfordshire

CM23 2ND

REGISTERED NUMBER:

00412143 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Investments

4

-

5,000,000

CURRENT ASSETS

Debtors

-

202

CREDITORS

Amounts falling due within one year

-

269,148

NET CURRENT LIABILITIES

-

(268,946

)

TOTAL ASSETS LESS CURRENT LIABILITIES

-

4,731,054

CAPITAL AND RESERVES

Called up share capital

5

1,411,602

1,411,602

Share premium

3,306,566

3,306,566

Capital redemption reserve

1,731

1,731

Retained earnings

(4,719,899

)

11,155

-

4,731,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 March 2021 and were signed by:

J H Williamson - Director

1.	STATUTORY INFORMATION

Hocroft Trust Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

On the date of signing these financial statements, there was a world-wide pandemic. Whilst the directors have prepared revised cash flow forecasts, it is currently unknown how long the pandemic will last and the lasting impact that it will have on the trading activity of the company. The directors believe that the company will be profitable and will have adequate cash resources in order to pay all of its creditors as they fall due for the foreseeable future and for at least 12 months from the date of signing of these financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Dividends

The holder of the £152,731 alloted 4.2% cumulative redeemable preference shares has waived its rights to any arrears and accruals of dividend until further notice.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	FIXED ASSET INVESTMENTS

2020

2019

Group companies

£

£

Cost

£5,000,000 zero interest unsecured loan notes 2018

(formerly 1997) in KUH Limited

-

5,000,000

At 31 March 2020

-

5,000,000

5.	CALLED UP SHARE CAPITAL

Alloted and fully paid

Number

2020

2019

£

£

4.2% cumulative redeemable preference shares of £1 each

152,731

152,731

152,731

Ordinary shares of 5p each

25,177,427

1,258,871

1,258,871

1,411,602

1,411,602

The 4.2% cumulative redeemable preference shares are redeemable at the company's option at any time subject to the agreed redemption price not exceeding £1.10 per share, failing which they are to be redeemed on either party giving not less then 12 months' notice of redemption at a price of £1.125 per share.

On a winding up or reduction of capital the holders of the preference shares shall be entitled to receive

i) the amount paid up on the preference shares

ii) a premium of 10p per share plus a sum equal to the amount , if any, by which the market value exceeds £1.10.

The holders of the preference shares do not have the right to attend or vote at any general meeting unless the meeting is convened for winding up the company or where the proposal to be submitted to the Meeting directly affects the rights and privileges of the holders of the shares.

The company and KUH Limited of which the company is a wholly owned subsidiary have agreed that the redemption of the 4.2% cumulative redeemable preference shares should be indefinitely deferred, with both parties retaining the right to require that redemption occur upon the giving of not less then twelve months' notice.

6.	RELATED PARTY DISCLOSURES

The company is exempt from disclosing details of transactions with its ultimate parent company, Cadastra Limited, together with its subsidiaries.

7.	ULTIMATE CONTROLLING PARTY

The ultimate parent company of Hocroft Trust Limited is Cadastra Limited, which is registered in England and Wales. Copies of the group financial statements of Cadastra Limited are available from Companies House, Crown Way, Maindy, Cardiff, CF4 3UZ. The immediate controlling party of Hocroft Trust Limited is KUH Limited.