Accounts filed on 30-06-2016

trueHydehead Limited019071142016-06-30-214339-243047-209160-23786875075041794179250250-209160-23786827559723346266437-440636240-44446180646160954304171635940163248364155313019740040221143195780838083Basis of accounting The financial statements have been 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 Turnover represents amounts receivable for property management services and rent. 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 directors 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 which might otherwise have been charged cannot be separately identified or quantified. Finance lease agreements Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated in accordance with the above depreciation policies. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding, and the capital element which reduces the outstanding obligation for future instalments. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Fixtures & Fittingsreducing balance0.2500Motor Vehiclesreducing balance0.2500Equipmentstraight line0.33303339742491400-94941128310534749808380834148050574400-94941128310534749Ordinary7501750750Ordinary1750750750Going concern The accounts have been prepared under the going concern basis on the understanding that the company will continue to receive support from its associated companies. The directors have confirmed this support will continue for the foreseeable future.2017-03-28Mrs N DellerMs S GreavesDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureHydehead Limited2015-07-012016-06-30Hydehead Limited2014-07-012015-06-30Hydehead Limited2014-06-30Hydehead Limited2015-06-30Hydehead Limited2015-06-30Hydehead Limited2016-06-30 2017-03-29