HARDING ESTATES LIMITED Small abbreviated accounts

HARDING ESTATES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 00363872

HARDING ESTATES LIMITED

ABBREVIATED ACCOUNTS

31 March 2016

BERNARD ATKINS LIMITED

Chartered Accountants

Eight Bells House

14 Church Street

Tetbury

Gloucestershire

GL8 8JG

HARDING ESTATES LIMITED

ABBREVIATED BALANCE SHEET

31 March 2016

	2016	2015
Note	£	£	£
FIXED ASSETS	2
Tangible assets		805,404	805,803
Investments		1	1
		----------	----------
		805,405	805,804
		----------	----------

CURRENT ASSETS

Debtors	11,426		9,829
Cash at bank and in hand	89,024		85,102
	----------		---------
	100,450		94,931
CREDITORS: Amounts falling due within one year	93,813		70,556
	----------		---------
NET CURRENT ASSETS		6,637	24,375
		----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES		812,042	830,179

CREDITORS: Amounts falling due after more than one year	3		80,000	80,000

PROVISIONS FOR LIABILITIES	126,900	126,900
	----------	----------
	605,142	623,279
	----------	----------

CAPITAL AND RESERVES

Called up equity share capital	5		1,000	1,000
Revaluation reserve		507,506	507,506
Profit and loss account		96,636	114,773
		----------	----------
SHAREHOLDERS' FUNDS		605,142	623,279
		----------	----------

For the year ended 31st March 2016 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 accounts for the year in question in accordance with section 476; and

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

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 15 November 2016 , and are signed on their behalf by:

A C PENROSE

Company Registration Number: 00363872

HARDING ESTATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31ST MARCH 2016

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Turnover

The turnover shown in the profit and loss account represents rents and services to tenants.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & machinery20% straight line

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. FIXED ASSETS

Tangible Assets	Investments	Total
£	£	£

COST OR VALUATION

At 1st April 2015 and 31st March 2016	829,339	1	829,340
	----------	----	----------

DEPRECIATION

At 1st April 2015	23,536	–	23,536
Charge for year	399	–	399
	----------	----	----------
At 31st March 2016	23,935	–	23,935
	----------	----	----------

NET BOOK VALUE

At 31st March 2016	805,404	1	805,405
	----------	----	----------

At 31st March 2015	805,803	1	805,804
	----------	----	----------

The company owned 100% of the issued share capital of the companies listed below. Aggregate capital and reserves 2016 2015 £ £ Harding Estates (Chimney)Limited (dormant)

		1	1

incorporated in England Under the provision of section 248 of the Companies Act 1985 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

3. CREDITORS: Amounts falling due after more than one year

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2016	2015
	£	£
Other creditors including taxation and social security	25,000	25,000
	---------	---------

The loans are secured by a fixed charge over the company's leasehold property.

4. RELATED PARTY TRANSACTIONS

The company was under the control of Mrs Penrose, a director and members of her close family throughout the current and previous year. Mrs Penrose is personally interested in 52% of the company's share capital. In addition, her adult children control in aggregate a further 48% of the company's issued share capital. No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.

5. SHARE CAPITAL

Authorised share capital:

	2016	2015
	£	£
1,250 Ordinary shares of £ 1 each	1,250	1,250
	-------	-------

Allotted, called up and fully paid:

2016	2015
No	£	No	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------