| Hirsch Management Ltd |
| Notes to the Accounts |
| for the period from 8 June 2020 to 30 June 2021 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
| 2 |
Employees |
2021 |
|
| Number |
|
|
|
Average number of persons employed by the company |
1 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
Additions |
139,767 |
|
At 30 June 2021 |
139,767 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 June 2021 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2021 |
139,767 |
|
|
| 4 |
Debtors |
2021 |
|
| £ |
|
|
|
Trade debtors |
628 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2021 |
|
| £ |
|
|
|
Corporation tax |
182 |
|
Other creditors |
141,649 |
|
|
|
|
|
|
141,831 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Hirsch Management Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Cutts End Cottage |
|
Appleton Road |
|
Cumnor |
|
Oxfordshire |
|
OX2 9QH |
