H.S. Hodgson (Scarborough) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00447593 (England and Wales)

H.S. HODGSON (SCARBOROUGH) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P A Hodgson

S Hodgson

REGISTERED OFFICE:

35/37 Kingsway

Kirkby-in-Ashfield

Nottinghamshire

NG17 7DR

REGISTERED NUMBER:

00447593 (England and Wales)

ACCOUNTANTS:

Killicks Limited

35/37 Kingsway

Kirkby in Ashfield

Nottinghamshire

NG17 7DR

FIXED ASSETS

Tangible assets

2

1,624,439

1,650,501

Investments

3

-

-

Investment property

4

1,229,393

1,095,000

2,853,832

2,745,501

CURRENT ASSETS

Stocks

192,500

143,500

Debtors

41,480

23,960

Cash at bank and in hand

302,708

422,830

536,688

590,290

CREDITORS

Amounts falling due within one year

5

194,731

224,350

NET CURRENT ASSETS

341,957

365,940

TOTAL ASSETS LESS CURRENT LIABILITIES

3,195,789

3,111,441

CREDITORS

Amounts falling due after more than one year

(395,000

)

(495,000

)

PROVISIONS FOR LIABILITIES

(4,000

)

(3,000

)

NET ASSETS

2,796,789

2,613,441

CAPITAL AND RESERVES

Called up share capital

6

1,100

1,100

Revaluation reserve

444,046

444,046

Profit and loss account

2,351,643

2,168,295

SHAREHOLDERS' FUNDS

2,796,789

2,613,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 August 2015 and were signed on its behalf by:

P A Hodgson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents the amounts (excluding VAT) derived from the sale of goods to customers during the year in

the U.K.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

The depreciation policy for freehold property is in respect of the company's current property acquisitions and its

holiday apartments. Depreciation is not provided on other older freehold properties as the directors consider their

residual values to be in excess of cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Depreciation is not provided on freehold properties held for investment services in accordance with SSAP 19 in

order to show a true and fair view, although this policy represents a departure from the requirements of the

Companies Act 2006.

At a rate of 2% on a straight line basis, the properties would incur depreciation each year of £21,900 had the

requirements of the Companies Act 2006 been followed.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

1,804,080

Additions

8,977

At 30 November 2014

1,813,057

DEPRECIATION

At 1 December 2013

153,579

Charge for year

35,039

At 30 November 2014

188,618

NET BOOK VALUE

At 30 November 2014

1,624,439

At 30 November 2013

1,650,501

3.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Sivalome Limited

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

100.00

Group accounts have not been prepared as the subsidiary company is dormant and the balance sheet is

immaterial to the group balance sheet.

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2013

1,095,000

Additions

134,393

At 30 November 2014

1,229,393

NET BOOK VALUE

At 30 November 2014

1,229,393

At 30 November 2013

1,095,000

5.

CREDITORS

Creditors include an amount of £ 2,261 (2013 - £ 6,369 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,100

Ordinary

£1

1,100

1,100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 November 2014, an amount of £401,429 (2013: £509,049) was owed to P.A. Hodgson and Mrs. S.

Hodgson on their joint current account with the company. This amount is unsecured, on an interest free basis and

bears no specific terms of repayment. £350,000 (2013: £450,000) of this amount is shown in creditors falling due

after more than one year.

Dividends of £16,380 (2013: £10,325) have been paid during the year to P.A. Hodgson.

Dividends of £30,420 (2013: £25,675) have been paid during the year to S. Hodgson.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by S. Hodgson.