Abbreviated Company Accounts - HUSSEY ESTATES LIMITED

Abbreviated Company Accounts - HUSSEY ESTATES LIMITED


Registered Number 08805141

HUSSEY ESTATES LIMITED

Abbreviated Accounts

31 March 2015

HUSSEY ESTATES LIMITED Registered Number 08805141

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015
£
Fixed assets
Tangible assets 2 823,938
Investments 3 1
823,939
Current assets
Debtors 2,420
Cash at bank and in hand 3,713
6,133
Creditors: amounts falling due within one year (11,780)
Net current assets (liabilities) (5,647)
Total assets less current liabilities 818,292
Creditors: amounts falling due after more than one year (812,903)
Total net assets (liabilities) 5,389
Capital and reserves
Called up share capital 4 100
Profit and loss account 5,289
Shareholders' funds 5,389
  • For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 September 2015

And signed on their behalf by:
Mr J H Denning, Director
Director, Director

HUSSEY ESTATES LIMITED Registered Number 08805141

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for rentals.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold - 0%

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets
£
Cost
Additions 823,938
Disposals -
Revaluations -
Transfers -
At 31 March 2015 823,938
Depreciation
Charge for the year -
On disposals -
At 31 March 2015 -
Net book values
At 31 March 2015 823,938

During the period, the company subscribed for 100% of the issued share capital of Hussey Estates Hastings Limited, a wholly owned subsidiary.

3Fixed assets Investments
Cost
At 6 December 2013 - £Nil
Additions - £1

At March 2015 - £1

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
1,000 Ordinary A-E Shares shares of £0.10 each 100