Hobsons Patisseries Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07237639 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2016

FOR

HOBSONS PATISSERIES LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

B K Maund

REGISTERED OFFICE:

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

BUSINESS ADDRESS:

54 Southsea Terrace

Portsmouth

Hampshire

PO5 3AU

REGISTERED NUMBER:

07237639 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three 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 Hobsons Patisseries Limited for the year ended 30th April 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 director of Hobsons Patisseries Limited in accordance with the terms of our engagement letter dated 17th October 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Hobsons Patisseries Limited and state those matters that we have agreed to state to the director of Hobsons Patisseries Limited 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 Hobsons Patisseries Limited director for our work or for this report.

It is your duty to ensure that Hobsons Patisseries 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 Hobsons Patisseries Limited. You consider that Hobsons Patisseries 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 Hobsons Patisseries 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.

Rothman Pantall LLP

Chartered Accountants

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

9th November 2016

FIXED ASSETS

Tangible assets

2

99,854

281,380

CURRENT ASSETS

Stocks

36,040

30,283

Debtors

39,459

54,274

Cash at bank and in hand

21,295

20,665

96,794

105,222

CREDITORS

Amounts falling due within one year

183,152

391,051

NET CURRENT LIABILITIES

(86,358

)

(285,829

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,496

(4,449

)

CREDITORS

Amounts falling due after more than one
year

(3,598

)

(43,500

)

PROVISIONS FOR LIABILITIES

(3,875

)

(20,979

)

NET ASSETS/(LIABILITIES)

6,023

(68,928

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

6,022

(68,929

)

SHAREHOLDERS' FUNDS

6,023

(68,928

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 8th November 2016 and were signed by:

B K Maund - 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 goods, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

Freehold land not depreciated

Improvements to property

-

2% - 20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

371,511

Additions

13,385

Disposals

(220,635

)

At 30th April 2016

164,261

DEPRECIATION

At 1st May 2015

90,131

Charge for year

10,151

Eliminated on disposal

(35,875

)

At 30th April 2016

64,407

NET BOOK VALUE

At 30th April 2016

99,854

At 30th April 2015

281,380

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

1