Hodson and Parkes Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02558726 (England and Wales)

HODSON AND PARKES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Mr M R Hodson

Mr R J Parkes

Mr C N Allcott

Mr T M Surman

SECRETARY:

Mr T M Surman

REGISTERED OFFICE:

Paddock View

Sambourne Park

Sambourne

Warwickshire

B96 6PE

REGISTERED NUMBER:

02558726 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

HSBC Bank plc

Church Green West

Redditch

Worcestershire

B97 4EA

FIXED ASSETS

Tangible assets

2

451,468

586,717

CURRENT ASSETS

Debtors

8,218

10,206

Cash at bank

3,585

1,288

11,803

11,494

CREDITORS

Amounts falling due within one year

3

79,395

74,027

NET CURRENT LIABILITIES

(67,592

)

(62,533

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

383,876

524,184

CREDITORS

Amounts falling due after more than one
year

3

11,500

38,470

NET ASSETS

372,376

485,714

CAPITAL AND RESERVES

Called up share capital

4

2,050

Revaluation reserve

82,268

217,268

Profit and loss account

288,058

266,396

SHAREHOLDERS' FUNDS

372,376

485,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 22nd September 2016 and were signed on its
behalf by:

Mr M R Hodson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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.

Tangible fixed assets

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

Freehold land and buildings

-

not provided

Improvements to property

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

No depreciation is provided on freehold land and buildings. The company follows a programme of regular

refurbishment and maintenance of its property which includes the reinstatement of the fabric of the buildings

where necessary in order to maintain them to a high standard. Accordingly in the opinion of the directors any

element of depreciation would be immaterial and no provision has been made, as the residual value is considered

to be in excess of cost.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st January 2015

588,144

Revaluations

(135,000

)

At 31st December 2015

453,144

DEPRECIATION

At 1st January 2015

1,427

Charge for year

249

At 31st December 2015

1,676

NET BOOK VALUE

At 31st December 2015

451,468

At 31st December 2014

586,717

3.

CREDITORS

Creditors include an amount of £ 17,897 (2014 - £ 42,425 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2,000

Ordinary

£1

2,000

50

Preferred ordinary

£1

50

2,050

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Hodson and Parkes Limited for the year ended 31st December 2015 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Hodson and Parkes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hodson and Parkes Limited and state those matters that we have agreed to state to the Board of Directors of Hodson and Parkes Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hodson and Parkes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hodson and Parkes Limited. You consider that Hodson and Parkes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hodson and Parkes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

22nd September 2016