ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

HASLEMERE REAL ESTATE LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2020-12-312020-12-312020-01-013falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3truetrue 06947689 2020-01-01 2020-12-31 06947689 2019-01-01 2019-12-31 06947689 2020-12-31 06947689 2019-12-31 06947689 c:Director1 2020-01-01 2020-12-31 06947689 d:CurrentFinancialInstruments 2020-12-31 06947689 d:CurrentFinancialInstruments 2019-12-31 06947689 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 06947689 d:CurrentFinancialInstruments d:WithinOneYear 2019-12-31 06947689 d:ShareCapital 2020-12-31 06947689 d:ShareCapital 2019-12-31 06947689 d:RetainedEarningsAccumulatedLosses 2020-12-31 06947689 d:RetainedEarningsAccumulatedLosses 2019-12-31 06947689 c:FRS102 2020-01-01 2020-12-31 06947689 c:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 06947689 c:FullAccounts 2020-01-01 2020-12-31 06947689 c:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 06947689 2 2020-01-01 2020-12-31 06947689 6 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure

Registered number: 06947689










HASLEMERE REAL ESTATE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2020
 
HASLEMERE REAL ESTATE LIMITED
REGISTERED NUMBER: 06947689

BALANCE SHEET
AS AT 31 DECEMBER 2020

2020
2019
Note
£
£

FIXED ASSETS
  

Investments
 4 
1
1

  
1
1

CURRENT ASSETS
  

Stocks
  
398,001
398,001

Debtors: amounts falling due within one year
 5 
-
2,904

Cash at bank and in hand
  
211,499
95,519

  
609,500
496,424

Creditors: amounts falling due within one year
 6 
(584,730)
(478,117)

NET CURRENT ASSETS
  
 
 
24,770
 
 
18,307

TOTAL ASSETS LESS CURRENT LIABILITIES
  
24,771
18,308

  

NET ASSETS
  
24,771
18,308


CAPITAL AND RESERVES
  

Called up share capital 
  
1
1

Profit and loss account
  
24,770
18,307

  
24,771
18,308


Page 1
 
HASLEMERE REAL ESTATE LIMITED
REGISTERED NUMBER: 06947689
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2020

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 December 2021.



K R Sheppard
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
HASLEMERE REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales. The address of the registered office is 5 Station Road, Liphook, England, GU30 7DW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost comprises expenditure incurred directly in developing the stocks to their current condition.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3
 
HASLEMERE REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, finance leases, and loans from related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2019 - 3).

Page 4
 
HASLEMERE REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2020
1



At 31 December 2020
1





5.


Debtors

2020
2019
£
£


Amounts owed by group undertakings
-
2,904



6.


Creditors: Amounts falling due within one year

2020
2019
£
£

Amounts owed to group undertakings
93,096
-

Corporation tax
1,516
754

Other creditors
490,118
477,363

584,730
478,117


 
Page 5