H&E Harlow Limited - Abbreviated accounts

H&E HARLOW LIMITED - Company Information

Registered number

08357680

H&E Harlow Limited

Abbreviated Accounts for the year ended

31 March 2016

H&E Harlow Limited
Registered number:		08357680
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		2,004,087			2,505,450

Current assets
Debtors		253			3,734
Cash at bank and in hand		18,493			1,835
		18,746			5,569

Creditors: amounts falling due within one year		(136,150)			(98,894)

Net current liabilities			(117,404)			(93,325)

Total assets less current liabilities			1,886,683			2,412,125

Creditors: amounts falling due after more than one year			(953,604)			(989,184)



Net assets			933,079			1,422,941

Capital and reserves
Called up share capital	4		2			2
Revaluation reserve			976,746			1,476,746
Profit and loss account			(43,669)			(53,807)

Shareholders' funds			933,079			1,422,941

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



N Horattas
Director
Approved by the board on 23 December 2016

H&E Harlow Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of rents receivable and recharged premise expenses to its customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Investment properties			NIL
	In accordance with SSAP19, investment properties are revalued annually at the open market value. No depreciation is provided in respect of investment properties. Companies Act 2006 requires all properties to be depreciated, however this requirement conflicts with the generally accepted accounting principle set out in SSAP19. The director considers that because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt SSAP19 in order to give a true and fair view. Any surplus/deficit on revaluation during the period under review is transferred to a revaluation reserve.


	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					2,508,252
	Surplus on revaluation					(500,000)
	At 31 March 2016					2,008,252

	Depreciation
	At 1 April 2015					2,802
	Charge for the year					1,363
	At 31 March 2016					4,165

	Net book value
	At 31 March 2016					2,004,087
	At 31 March 2015					2,505,450


3	Loans					2016		2015
£							£
	Creditors include:
	Amounts falling due for payment after more than five years					477,137		444,449
	Secured bank loans					832,450		651,143


4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2