Hansen Adair Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06729060 (England and Wales)

HANSEN ADAIR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2020

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Adair

Mrs T Adair

SECRETARY:

R Adair

REGISTERED OFFICE:

Avroe House

Avroe Crescent

Blackpool Business Park

Blackpool

Lancashire

FY4 2DP

REGISTERED NUMBER:

06729060 (England and Wales)

ACCOUNTANTS:

Rushtons

Chartered Accountants

Avroe House

Avroe Crescent

Blackpool Business Park

Blackpool

Lancashire

FY4 2DP

FIXED ASSETS

Investment property

4

1,020,537

658,000

CURRENT ASSETS

Debtors

6,906

6,906

Prepayments and accrued income

520

520

Cash at bank

26,064

258,641

33,490

266,067

CREDITORS

Amounts falling due within one year

1,053,552

936,338

NET CURRENT LIABILITIES

(1,020,062

)

(670,271

)

TOTAL ASSETS LESS CURRENT LIABILITIES

475

(12,271

)

CREDITORS

Amounts falling due after more than one year

(13,000

)

-

PROVISIONS FOR LIABILITIES

(46,605

)

(41,699

)

NET LIABILITIES

(59,130

)

(53,970

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(59,131

)

(53,971

)

SHAREHOLDERS' FUNDS

(59,130

)

(53,970

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 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 October 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2021 and were signed on its behalf by:

R Adair - Director

1.	STATUTORY INFORMATION

Hansen Adair 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover represents rents receivable from investment properties.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2019

658,000

Additions

362,537

At 31 October 2020

1,020,537

NET BOOK VALUE

At 31 October 2020

1,020,537

At 31 October 2019

658,000

Fair value at 31 October 2020 is represented by:

£

Valuation in 2008

460,943

Valuation in 2015

82,056

Valuation in 2017

(129,999

)

Cost

607,537

1,020,537

5.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Hansen Adair Holdings Limited whose registered office and principle place of business is;

Avroe House

Avroe Crescent

Blackpool

Lancashire

FY4 2DP