Abbreviated Company Accounts - HS (587) LIMITED

06496657 HS (587) LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 06496657 2014-07-01 2015-06-30 06496657 2015-06-30 06496657 2014-06-30 06496657 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 06496657 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 06496657

HS (587) LIMITED

Abbreviated Accounts

30 June 2015

HS (587) LIMITED Registered Number 06496657

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,054,755	1,054,755
		1,054,755	1,054,755
Current assets
Debtors		25,279	36,093
Cash at bank and in hand		24,329	12,957
		49,608	49,050
Creditors: amounts falling due within one year	3	(67,772)	(44,580)
Net current assets (liabilities)		(18,164)	4,470
Total assets less current liabilities		1,036,591	1,059,225
Creditors: amounts falling due after more than one year	3	(1,015,281)	(1,069,285)
Total net assets (liabilities)		21,310	(10,060)
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		21,308	(10,062)
Shareholders' funds		21,310	(10,060)

For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 January 2016

And signed on their behalf by:
P A Happs, Director

HS (587) LIMITED Registered Number 06496657

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The company is currently loss making, meaning they are reliant on continued support from the directors. The continued support has been confirmed by the directors and therefore they feel it appropriate to prepare the financial statements on the going concern basis.

Turnover policy
Turnover represents amounts received for rents receivable.

Tangible assets depreciation policy
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) it is a departure from the general requirement of the companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 July 2014	1,054,755
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	1,054,755
Depreciation
At 1 July 2014	-
Charge for the year	-
On disposals	-
At 30 June 2015	-
Net book values
At 30 June 2015	1,054,755
At 30 June 2014	1,054,755

3Creditors

	2015 £	2014 £
Secured Debts	455,721	497,980
Instalment debts due after 5 years	189,727	254,874

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2