Hodsons Estate Agents (Pontefract) - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09944763 (England and Wales)

Hodsons Estate Agents (Pontefract)

Limited

Financial Statements

for the period

11 January 2016 to 31 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R P Hodson

S A Hodson

J A Clarke

S B Benev

REGISTERED OFFICE:

150-152 Westgate

Wakefield

West Yorkshire

WF2 9SR

REGISTERED NUMBER:

09944763 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

8,039

CURRENT ASSETS

Debtors

5

15,782

Cash at bank

16,816

32,598

CREDITORS

Amounts falling due within one year

6

77,902

NET CURRENT LIABILITIES

(45,304

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,265

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

7

(37,365

)

(37,265

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 July 2017 and were signed on its behalf by:

S B Benev - Director

J A Clarke - Director

R P Hodson - Director

1.	STATUTORY INFORMATION

Hodsons Estate Agents (Pontefract) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Going concern

The company had net liabilities at the balance sheet date and is dependent on the support of its directors and

related companies.It has been the first year of trading so it is hoped that turnover will improve in coming months

and the deficit will be reversed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

4,234

5,648

9,882

At 31 December 2016

4,234

5,648

9,882

DEPRECIATION

Charge for period

794

1,049

1,843

At 31 December 2016

794

1,049

1,843

NET BOOK VALUE

At 31 December 2016

3,440

4,599

8,039

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

15,498

Amounts owed by group undertakings

100

Prepayments and accrued income

184

15,782

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2,151

Amounts owed to group undertakings

13,963

Social security and other taxes

2,142

VAT

8,296

Directors' current accounts

50,000

Accruals and deferred income

1,350

77,902

7.

RESERVES

Retained

earnings

£

Deficit for the period

(37,365

)

At 31 December 2016

(37,365

)