H and E Horswood Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00492490 (England and Wales)

H AND E HORSWOOD LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Mrs S Smith

M E T Horswood Smith

SECRETARY:

Mrs T L Jackson

REGISTERED OFFICE:

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

REGISTERED NUMBER:

00492490 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Tangible assets

2

270,083

CURRENT ASSETS

Debtors

6,083

3,173

Cash at bank

60,649

74,163

66,732

77,336

CREDITORS

Amounts falling due within one year

3

5,889

14,230

NET CURRENT ASSETS

60,843

63,106

TOTAL ASSETS LESS CURRENT LIABILITIES

330,926

333,189

CREDITORS

Amounts falling due after more than one
year

3

-

10,571

NET ASSETS

330,926

322,618

CAPITAL AND RESERVES

Called up share capital

4

6,000

Revaluation reserve

61,470

Profit and loss account

263,456

255,148

SHAREHOLDERS' FUNDS

330,926

322,618

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 22 November 2016 and were signed on its
behalf by:

Mrs S Smith - 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 rental income, excluding value added tax, and is recognised on a receivable basis.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

10% on reducing balance

Deferred tax

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

balance sheet date.

Investment properties

In accordance with standard accounting practice, investment properties are reviewed annually by the directors

and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation or amortisation is

provided in respect of freehold investment properties and leasehold investment properties with over 20 years

to run.

Although the Companies Act would normally require systematic annual depreciation of fixed assets, the

directors believe the policy of not providing depreciation is necessary in order to give a true and fair view,

since the current value of investment properties, and changes to that current value, are of prime importance

rather than the calculation of systematic annual depreciation. Depreciation is the only one of many factors

reflected in the annual valuation, and the amount which might otherwise have been included can not be

separately identified or quantified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2015

and 31 March 2016

301,135

DEPRECIATION

At 1 April 2015

and 31 March 2016

31,052

NET BOOK VALUE

At 31 March 2016

270,083

At 31 March 2015

270,083

3.

CREDITORS

Creditors include an amount of £ 0 (2015 - £ 19,653 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

6,000

Ordinary

£1

6,000

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 H and E Horswood Limited for the year ended 31 March 2016 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of H and E Horswood 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 H and E Horswood Limited and state those matters that we have agreed to state to the Board of Directors of H and E Horswood Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H and E Horswood Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H and E Horswood 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 H and E Horswood Limited. You consider that H and E Horswood 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 H and E Horswood 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.

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

22 November 2016