Abbreviated Company Accounts - HATTON HOLDINGS LIMITED

HATTON HOLDINGS LIMITED - Company Information

09443575 HATTON HOLDINGS LIMITED 2016-03-31 false 2015-02-17 2016-03-31 true 09443575 2015-02-17 2016-03-31 09443575 2016-03-31 09443575 uk-gaap-cd-bus:Director1 2015-02-17 2016-03-31 09443575 uk-gaap-cd-bus:Director2 2015-02-17 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-17 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-02-17 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-02-17 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2016-03-31 iso4217:GBP shares

Registered Number 09443575

HATTON HOLDINGS LIMITED

Abbreviated Accounts

31 March 2016

HATTON HOLDINGS LIMITED Registered Number 09443575

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	2,589
		2,589
Current assets
Stocks		199,083
Debtors		2,068
Cash at bank and in hand		10
		201,161
Creditors: amounts falling due within one year		(182,836)
Net current assets (liabilities)		18,325
Total assets less current liabilities		20,914
Creditors: amounts falling due after more than one year		(2,496)
Total net assets (liabilities)		18,418
Capital and reserves
Called up share capital	3	4
Profit and loss account		18,414
Shareholders' funds		18,418

For the year ending 31 March 2016 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 10 November 2016

And signed on their behalf by:
Mr G A P Pole-Carew, Director

HATTON HOLDINGS LIMITED Registered Number 09443575

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of preparation
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern
The financial statements have been prepared on a going concern basis, however the company has no stock insurance as the directors do not believe that this is economically viable. There is one particularly valuable item of stock. If this were to be stolen or in some way damaged, it is uncertain whether the company could continue trading.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Plant and machinery 20% reducing balance
Office equipment 3 years straight line

Other accounting policies
Stock
Equestrian young stock is valued at 60% of the net realisable value; breeding mares are valued at net realisable value. Other stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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

Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2Tangible fixed assets

	£
Cost
Additions	3,472
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	3,472
Depreciation
Charge for the year	883
On disposals	-
At 31 March 2016	883
Net book values
At 31 March 2016	2,589

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
2 Ordinary shares of £1 each	2
1 A Ordinary share of £1 each	1
1 B Ordinary shares of £1 each	1

New shares allotted
During the period 2 ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £2. First issue.

During the period 1 ordinary A share having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1. First issue.

During the period 1 ordinary B share having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1. First issue.