Nick Hynes Real Estate Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09315659 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2020

for

Nick Hynes Real Estate Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

110

-

110

CURRENT ASSETS

Debtors

6

207,891

200,453

Cash at bank

159,765

116,629

367,656

317,082

CREDITORS

Amounts falling due within one year

7

(47,127

)

(61,742

)

NET CURRENT ASSETS

320,529

255,340

TOTAL ASSETS LESS CURRENT LIABILITIES

320,529

255,450

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

320,429

255,350

SHAREHOLDERS' FUNDS

320,529

255,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2021 and were signed on its behalf by:

Mr N Hynes - Director

1.	STATUTORY INFORMATION

Nick Hynes Real Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09315659

Registered office:

Thorncliffe House

111 London Road

Macclesfield

Cheshire

SK11 7RL

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.

Turnover

Turnover is recognised when the company obtains the right to consideration.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1 December 2019

and 30 November 2020

1,989

AMORTISATION

At 1 December 2019

and 30 November 2020

1,989

NET BOOK VALUE

At 30 November 2020

-

At 30 November 2019

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2019

and 30 November 2020

1,218

DEPRECIATION

At 1 December 2019

1,108

Charge for year

110

At 30 November 2020

1,218

NET BOOK VALUE

At 30 November 2020

-

At 30 November 2019

110

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Trade debtors

29,640

35,100

Other debtors

178,251

165,353

207,891

200,453

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Taxation and social security

46,294

60,919

Other creditors

833

823

47,127

61,742

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2020 and 30 November 2019:

30.11.20

30.11.19

£

£

Mr N Hynes and Mrs C A Hynes

Balance outstanding at start of year

-

57,253

Amounts repaid

-

(57,253

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest is charged on the loans at 2.5% per annum.

9.	RELATED PARTY DISCLOSURES

Mr N Hynes is also a director and shareholder of Jordangate Property Investment Limited.

At the year end the company owed Nick Hynes Real Estate Limited £100,000.