HUS_DEVELOPMENTS_LIMITED - Accounts

HUS DEVELOPMENTS LIMITED - Company Information

Print Friendly Version

Company Registration No. 08513280 (England and Wales)

HUS DEVELOPMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

HUS DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HUS DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

100

150

Current assets

Stocks

10,000

Debtors

366

57,300

Cash at bank and in hand

20,587

1,972

30,953

69,272

Creditors: amounts falling due within one year

(24,275)

(21,833)

Net current assets

6,678

47,439

Total assets less current liabilities

6,778

47,589

Capital and reserves

Called up share capital

101

Profit and loss account

6,677

47,488

Shareholders' funds

6,778

47,589

HUS DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2016

- 2 -

For the financial year ended 31 July 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 year 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 25 April 2017

D Gooding

Director

Company Registration No. 08513280

HUS DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

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).

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 ground rent.ground rent.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% Reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 August 2015 & at 31 July 2016

540

Depreciation

At 1 August 2015

390

Charge for the year

At 31 July 2016

440

Net book value

At 31 July 2016

100

At 31 July 2015

150

HUS DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary 'A' shares of £1 each

100

1 Ordinary 'B' share of £1 each

101

Related party relationships and transactions

Advances and credits

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

D Gooding - Loan to director

45,307

G Gisborne - Loan to director

11,992

1,900

14,938

(1,046)

57,299

1,900

60,245

(1,046)

The balance owed to the former director is included within other creditors.