Hobdens Property Management Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04117283 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Hobdens Property Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs R A Tasker

D M Dalton

SECRETARY:

Mrs R A Tasker

REGISTERED OFFICE:

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

REGISTERED NUMBER:

04117283 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Intangible assets

2

25,455

30,547

Tangible assets

3

58,062

61,030

Investments

4

201

83,718

91,778

CURRENT ASSETS

Debtors

20,078

31,578

Cash at bank and in hand

478,377

304,329

498,455

335,907

CREDITORS

Amounts falling due within one year

96,845

63,400

NET CURRENT ASSETS

401,610

272,507

TOTAL ASSETS LESS CURRENT
LIABILITIES

485,328

364,285

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

485,228

364,185

SHAREHOLDERS' FUNDS

485,328

364,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 May 2016 and were signed on its behalf by:

Mrs R A Tasker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Fixed asset investments

Investments in subsidiary undertakings are stated at cost less any provisions for impairment value.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

101,832

AMORTISATION

At 1 April 2015

71,285

Amortisation for year

5,092

At 31 March 2016

76,377

NET BOOK VALUE

At 31 March 2016

25,455

At 31 March 2015

30,547

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

194,425

Additions

5,861

At 31 March 2016

200,286

DEPRECIATION

At 1 April 2015

133,395

Charge for year

8,829

At 31 March 2016

142,224

NET BOOK VALUE

At 31 March 2016

58,062

At 31 March 2015

61,030

4.	FIXED ASSET INVESTMENTS

The company's fixed asset investment represents an interest in Hobdens No2 Ltd, a company incorporated on 6

December 2011, with a share capital of £201. The company's first accounting period ends on 31 December

2012.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the financial year, the company occupied premises owned by the company's directors and paid rent of

£18,000 to the directors.

At the balance sheet date, the director, Mrs R Tasker was owed £279 (2015:£206) by the company.

During the financial year the company paid dividends of £32,500 (2014:£24,000) to Mrs Tasker.