HYDON_INVESTMENTS_LTD - Accounts

HYDON (TONEDALE) LIMITED - Company Information

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Company Registration No. 04939937 (England and Wales)

HYDON INVESTMENTS LTD

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

HYDON INVESTMENTS LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HYDON INVESTMENTS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,075,000

Current assets

Debtors

57,311

125,073

Cash at bank and in hand

17,855

15,898

75,166

140,971

Creditors: amounts falling due within one year

(97,415)

(66,614)

Net current liabilities/(assets)

(22,249)

74,357

Total assets less current liabilities

2,052,751

2,149,357

Creditors: amounts falling due after more than one year

(1,170,440)

(1,191,109)

Provisions for liabilities

(25,000)

(70,000)

857,311

888,248

Capital and reserves

Called up share capital

100

Revaluation reserve

1,177,126

Profit and loss account

(319,915)

(288,978)

Shareholders' funds

857,311

888,248

HYDON INVESTMENTS LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MAY 2015

- 2 -

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 February 2016

Mr Timothy Wadsworth

Director

Company Registration No. 04939937

HYDON INVESTMENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Asset class Depreciation Method and rate

Investment Properties No depreciation charged

1.5

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows:

No depreciation is provided in respect of investment properties and they are revalued when required. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Fixed assets

Tangible assets

Cost or valuation

At 1 June 2014 & at 31 May 2015

2,075,000

At 31 May 2014

2,075,000

HYDON INVESTMENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

76 Ordinary 'A' of £1 each

24 Ordinary 'B' of £1 each

100