Abbreviated Company Accounts - HAWBURN INVESTMENT CO. LIMITED

HAWBURN INVESTMENT CO. LIMITED - Company Information

00818349 HAWBURN INVESTMENT CO. LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00818349 2015-04-01 2016-03-31 00818349 2016-03-31 00818349 2015-03-31 00818349 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00818349 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 00818349

HAWBURN INVESTMENT CO. LIMITED

Abbreviated Accounts

31 March 2016

HAWBURN INVESTMENT CO. LIMITED Registered Number 00818349

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	100,000	100,000
		100,000	100,000
Current assets
Debtors		1,139	1,139
Cash at bank and in hand		31,886	28,593
		33,025	29,732
Creditors: amounts falling due within one year		(4,207)	(4,502)
Net current assets (liabilities)		28,818	25,230
Total assets less current liabilities		128,818	125,230
Provisions for liabilities		(11,300)	(11,300)
Total net assets (liabilities)		117,518	113,930
Capital and reserves
Called up share capital	3	300	300
Revaluation reserve		76,896	76,896
Profit and loss account		40,322	36,734
Shareholders' funds		117,518	113,930

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 22 November 2016

And signed on their behalf by:
Mrs S R Lester, Director

HAWBURN INVESTMENT CO. LIMITED Registered Number 00818349

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are 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).

Turnover policy
Turnover represents net invoiced rents, excluding value added tax and is recognised when the rent falls due.

Tangible assets depreciation policy
The freehold investment property was valued on an open market basis for existing use at 31 March 2001 by the directors of the company. The historical cost of the investment property was £11,804 at the balance sheet date (2015: £11,804).

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

Investment property
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the company's investment property is held as a long term investment and is included in the balance sheet at open market value. This policy represents a departure from the Companies Act 2006, which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may give a true and fair view and reflect changes in the current value of the of the company's investment property.

2Tangible fixed assets

	£
Cost
At 1 April 2015	100,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	100,000
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	100,000
At 31 March 2015	100,000

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

	2016 £	2015 £
300 Ordinary shares of £1 each	300	300