Abbreviated Company Accounts - HC1231 LIMITED

09125473 HC1231 LIMITED 2016-04-05 false 2015-04-06 2016-04-05 true 09125473 2015-04-06 2016-04-05 09125473 2016-04-05 09125473 2015-04-05 09125473 uk-gaap-cd-bus:Director1 2015-04-06 2016-04-05 09125473 uk-gaap-cd-bus:Director2 2015-04-06 2016-04-05 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-06 2016-04-05 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-05 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-05 uk-gaap-cd-bus:PreferenceShareClass1 2015-04-06 2016-04-05 uk-gaap-cd-bus:PreferenceShareClass1 2016-04-05 uk-gaap-cd-bus:PreferenceShareClass1 2015-04-05 iso4217:GBP shares

Registered Number 09125473

HC1231 LIMITED

Abbreviated Accounts

5 April 2016

HC1231 LIMITED Registered Number 09125473

Abbreviated Balance Sheet as at 5 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Investments	2	11,049,520	9,990,839
		11,049,520	9,990,839
Current assets
Cash at bank and in hand		402,956	331,771
		402,956	331,771
Prepayments and accrued income		8,027	2,129
Creditors: amounts falling due within one year	3	(7,896,786)	(6,641,516)
Net current assets (liabilities)		(7,485,803)	(6,307,616)
Total assets less current liabilities		3,563,717	3,683,223
Total net assets (liabilities)		3,563,717	3,683,223
Capital and reserves
Called up share capital	4	3,000,004	3,000,002
Share premium account		353,421	-
Revaluation reserve		212,829	615,173
Profit and loss account		(2,537)	68,048
Shareholders' funds		3,563,717	3,683,223

For the year ending 5 April 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 2 February 2017

And signed on their behalf by:
D Shepheard, Director

HC1231 LIMITED Registered Number 09125473

Notes to the Abbreviated Accounts for the period ended 5 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of listed investments and in accordance with the Financial Reporting Standard for smaller Entities (effective January 2015).

Turnover policy
Turnover comprises revenue recognised by the company in respect of dividends received during the year.

Other accounting policies
Investments

Assets held for investment purposes are valued at market value at the balance sheet date. Net gains and losses arising on revaluation during the year are transferred to the revaluation reserve.
Traded securities are valued at the mid-point quotation in the Stock Exchange Daily List.

Investment properties

Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.

2Fixed assets Investments
Investments
Assets held for investment purposes are valued at market value at the balance sheet date. Net gains and losses arising on revaluation during the year are transferred to the revaluation reserve.
Traded securities are valued at the mid-point quotation in the Stock Exchange Daily List.

Investment properties
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.

3Creditors

	2016 £	2015 £
Secured Debts	2,917,380	1,986,836

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 Ordinary shares of £1 each (2 shares for 2015)	4	2
3,000,000 Preference shares of £1 each	3,000,000	3,000,000

Ordinary shares of £1 each are entitled to one vote and hold rights to dividends.

Preference shares of £1 each hold no voting or dividend rights, but have priority on a return of assets on liquidation, capital reduction or otherwise.

During the year there were two ordinary shares issued of nominal value £1 with a total share premium of £353,421.