H.S. Hodgson (Scarborough) Limited - Limited company - abbreviated - 11.0.0
H.S. Hodgson (Scarborough) Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
H.S. HODGSON (SCARBOROUGH) LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2013 |
H.S. HODGSON (SCARBOROUGH) LIMITED (REGISTERED NUMBER: 00447593) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2013 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
H.S. HODGSON (SCARBOROUGH) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2013 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
H.S. HODGSON (SCARBOROUGH) LIMITED (REGISTERED NUMBER: 00447593) |
ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2013 |
2013 | 2012 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
Investment property | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
H.S. HODGSON (SCARBOROUGH) LIMITED (REGISTERED NUMBER: 00447593) |
ABBREVIATED BALANCE SHEET - continued |
30 NOVEMBER 2013 |
The financial statements were approved by the Board of Directors on |
H.S. HODGSON (SCARBOROUGH) LIMITED (REGISTERED NUMBER: 00447593) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2013 |
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 |
Freehold property | - |
Fixtures and fittings | - |
Motor vehicles | - |
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. |
H.S. HODGSON (SCARBOROUGH) LIMITED (REGISTERED NUMBER: 00447593) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2013 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2012 |
Additions |
Disposals | ( |
) |
At 30 November 2013 |
DEPRECIATION |
At 1 December 2012 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 November 2013 |
NET BOOK VALUE |
At 30 November 2013 |
At 30 November 2012 |
3. | FIXED ASSET INVESTMENTS |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Nature of business: |
% |
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 2012 |
and 30 November 2013 |
NET BOOK VALUE |
At 30 November 2013 |
At 30 November 2012 |
5. | CREDITORS |
Creditors include an amount of £ |
H.S. HODGSON (SCARBOROUGH) LIMITED (REGISTERED NUMBER: 00447593) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2013 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2013 | 2012 |
value: | £ | £ |
Ordinary | £1 |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At 30 November 2013, an amount of £509,049 (2012: £605,984) 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. £450,000 (2012: £500,000) of this amount is shown in creditors falling due |
after more than one year. |
The company rented shop premises which were owned by P.A. Hodgson personally until the property was sold to |
the company during the previous year, at an arm's length valuation of £750,000. The rents paid on these premises |
during the current year were nil (2012:£20,417), all of which had been paid at the balance sheet date. Rents were |
charged on normal commercial terms. |
Dividends of £10,325 (2012: £15,859) have been paid during the year to P.A. Hodgson. |
Dividends of £25,675 (2012: £24,141) have been paid during the year to S. Hodgson. |
8. | ULTIMATE CONTROLLING PARTY |
At 30 November 2012, the company was controlled by S. Hodgson. |