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HUNTON INTERNATIONAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2020
Hunton International Ltd is a private company limited by shares, incorporated in England & Wales (registered number 10470196). The registered office address is 64 New Cavendish Street, London, W1G 8TB.
The principal activity of the company continued to be that of a holding company.
The financial statements are presented in Sterling, which is the functional currency of the company.
2.Accounting policies
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Basis of preparation of financial statements
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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 financial statements have been prepared on the going concern basis. The Company is dependent on the director and shareholder for financial support, which they are confident will continue for a period of at least another 12 months following the approval of these financial statements.
As at 30 November 2019, the Company had net liabilities of £47. The director and shareholder has indicated their present intention to provide adequate finance to enable the Company to continue in operational existence, and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the company.
Accordingly the directors have continued to prepare the financial statements on the going concern basis.
Investments in subsidiaries are measured at cost less accumulated impairment.
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.
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