HOYLE_PROPERTY_INVESTMENT - Accounts

HOYLE PROPERTY INVESTMENTS LTD - Company Information

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COMPANY REGISTRATION NO. 09552481 (England and Wales)

HOYLE PROPERTY INVESTMENTS LTD

ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2016

HOYLE PROPERTY INVESTMENTS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

HOYLE PROPERTY INVESTMENTS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

476,865

Current assets

Cash at bank and in hand

2,147

Creditors: amounts falling due within one year

(136,211)

Net current liabilities

(134,064)

Total assets less current liabilities

342,801

Creditors: amounts falling due after more than one year

(347,787)

(4,986)

Capital and reserves

Called up share capital

Profit and loss account

(4,996)

Shareholders' funds

(4,986)

For the financial period ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 January 2017

Mr M P Hoyle

Director

Company Registration No. 09552481

HOYLE PROPERTY INVESTMENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company meets its day to day working capital requirements through the ongoing support of its director and shareholder. If this support is removed, it may not be appropriate for the financial statements to be prepared on a going concern basis and as such the company's assets and liabilities may need to be restated.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services provided in the normal course of business net of VAT and trade discounts.

Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for services provided.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost

At 21 April 2015

Additions

476,865

At 30 April 2016

476,865

Share capital

2016

Allotted, called up and fully paid

10 Ordinary A of £1 each

During the year 10 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.