Hanover Insolvency TD Ltd - Accounts to registrar (filleted) - small 18.2
Hanover Insolvency TD Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2020 |
FOR |
HANOVER INSOLVENCY TD LTD |
HANOVER INSOLVENCY TD LTD (REGISTERED NUMBER: 10494162) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30th November 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
HANOVER INSOLVENCY TD LTD |
COMPANY INFORMATION |
for the Year Ended 30th November 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 City Road East |
Manchester |
M15 4PN |
HANOVER INSOLVENCY TD LTD (REGISTERED NUMBER: 10494162) |
BALANCE SHEET |
30th November 2020 |
2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
HANOVER INSOLVENCY TD LTD (REGISTERED NUMBER: 10494162) |
BALANCE SHEET - continued |
30th November 2020 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
HANOVER INSOLVENCY TD LTD (REGISTERED NUMBER: 10494162) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30th November 2020 |
1. | STATUTORY INFORMATION |
Hanover Insolvency TD Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 10494162. The address of the principal place of business and the registered office is Midwest House, 11 Crown Industrial Estate, Canal Road, Canal Road, Timperley, Altrincham, WA14 1TF. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax. The following criteria must also be met before turnover is recognised: |
- the amount of turnover can be measured reliably; |
- it is probable that the company will receive the consideration due under the contract; |
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
- the costs incurred and the costs to complete the contract can be measured reliably. |
Tangible fixed assets |
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below. |
Depreciation is provided on the following basis: |
Short Leasehold - 20% Straight Line |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. |
Trade and other debtors |
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts. |
Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
HANOVER INSOLVENCY TD LTD (REGISTERED NUMBER: 10494162) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30th November 2020 |
2. | ACCOUNTING POLICIES - continued |
Cash and cash equivalents |
Cash and cash equivalents comprise of cash at bank and in hand, and bank borrowings. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
Additions |
At 30th November 2020 |
DEPRECIATION |
Charge for year |
At 30th November 2020 |
NET BOOK VALUE |
At 30th November 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts recoverable on contract |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans |
HANOVER INSOLVENCY TD LTD (REGISTERED NUMBER: 10494162) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30th November 2020 |
8. | SECURED DEBTS |
MDN Consultancy Limited holds fixed and floating charges dated 12/07/2018 over the assets of the company. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
Ordinary | £0.01 | 1 | 1 |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At the balance sheet date of 30/11/2020 the director owed the company £195,404 (2019: £89,163). |