Hindle & Walker (Property) Limited Filleted accounts for Companies House (small and micro)
Hindle & Walker (Property) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10925743
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STATEMENT OF FINANCIAL POSITION |
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2021 |
2020 |
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Note |
£ |
£ |
£ |
£ |
FIXED ASSETS
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Tangible assets |
4 |
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CURRENT ASSETS
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Debtors |
5 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
6 |
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NET CURRENT (LIABILITIES)/ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES
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Called up share capital |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
22 June 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
10925743
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2021
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Haydock House, Pleckgate Road, Blackburn, Lancashire, BB1 8QW.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
(a)
Basis of preparation
(b)
Revenue recognition
(c)
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(d)
Tangible assets
(e)
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:
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Fixtures, Fittings & Equipment |
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15% per annum reducing balance |
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(f)
Financial instruments
Basic financial instruments are recognised at amortised cost.
4.
TANGIBLE ASSETS
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Investment Property |
Fixtures, Fittings & Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2020 and 31 March 2021 |
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Depreciation |
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At 1 April 2020 |
– |
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Charge for the year |
– |
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At 31 March 2021 |
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Carrying amount |
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At 31 March 2021 |
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At 31 March 2020 |
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5.
DEBTORS
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2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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Included within other debtors is an amount of £180,899 falling due after one year.
6.
CREDITORS:
amounts falling due within one year
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2021 |
2020 |
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£ |
£ |
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Trade creditors |
– |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
210,311 |
202,079 |
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7.
CREDITORS:
amounts falling due after more than one year
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2021 |
2020 |
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£ |
£ |
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Amounts owed to group undertakings |
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Other creditors |
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8.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
There are no transactions with directors that require disclosure under FRS 102.
9.
RELATED PARTY TRANSACTIONS
The company was under the control of the directors throughout the year. During the year the company provided loan finance to Storrs Hall Limited, a company in which Mr
M.N. Hindle
is a director. The maximum amount of the loan during the year was £280,899 and the amount owed at 31 March 2021 was £95,812. Interest has been charged at a rate of 2.5% per annum amounting to £5,812. There are no specific terms of repayment. During the year the company has been provided with loan finance by its parent undertaking, Hindle & Walker Limited. The maximum amount of the loan was £1,844,057 and the amount owed at 31 March 2021 was £1,755,487. No interest has been charged on the loan and there are no specific terms of repayment. During the year the company has been provided with loan finance by the Hindle & Walker Limited Small Self Administered Pension Scheme. The maximum amount of the loan was £575,729 and the amount owed at 31 March 2021 was £373,649. Interest has been charged at a rate of 4% per annum amounting to £19,351. The loan is repayable in monthly instalments calculated to repay the loan in full by December 2022.
10.
CONTROLLING PARTY
The company is a wholly owned subsidiary undertaking of Hindle & Walker Limited, a company incorporated in England and Wales.