Hillcharm Limited - Accounts to registrar - small 17.2

Hillcharm Limited - Accounts to registrar - small 17.2

HILLCHARM LIMITED - Company Information

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REGISTERED NUMBER: 01934161 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Hillcharm Limited

Hillcharm Limited (Registered number: 01934161)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hillcharm Limited

Company Information
for the Year Ended 31 December 2016







DIRECTOR: M A Wolfe





SECRETARY: M A Wolfe





REGISTERED OFFICE: 52 Kingsway Place
Sans Walk
London
EC1R 0LU





REGISTERED NUMBER: 01934161 (England and Wales)





ACCOUNTANTS: Sawin & Edwards Chartered Accountants
52 Kingsway Place
Sans Walk
London
EC1R 0LU
Page 1
Hillcharm Limited (Registered number: 01934161)

Balance Sheet
31 December 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Debtors 3 255,900 257,900
Cash in hand 1,978 1,006
257,878 258,906
CREDITORS
Amounts falling due within one year 4 (15,450 ) (15,210 )
NET CURRENT ASSETS 242,428 243,696
TOTAL ASSETS LESS CURRENT
LIABILITIES
242,428
243,696

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 242,426 243,694
SHAREHOLDERS' FUNDS 242,428 243,696

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

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

The director acknowledges his 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 and Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 29 September 2017 and were signed by:



M A Wolfe - Director


The notes form part of these financial statements

Page 2
Hillcharm Limited (Registered number: 01934161)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Hillcharm 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 (£).

The financial statements present information about the company as a single entity.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of
financial assets and liabilities like other debtors and creditors. Financial assets and liabilities are
recognised when the company becomes a party to the contractual provisions of the instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement
and Statement of Comprehensive Income, 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 year 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.

Debtors and creditors
Basic financial assets and liabilities, including other debtors and creditors, are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Such assets
and liabilities are subsequently carried at amortised cost using the effective interest method, less any
impairment.

Page 3 continued...
Hillcharm Limited (Registered number: 01934161)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand and at bank.

Going concern
The director considers that there are no material uncertainties about the company's ability to continue
as a going concern. In forming his opinion, the director has considered a period of one year from the
date of signing the financial statements.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 255,900 257,900

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other creditors 15,450 15,210

5. FINANCIAL INSTRUMENTS

The company's financial instruments comprise cash and cash equivalents and various items such as
other debtors, trade and other creditors, that arise directly from its operations.

The main purpose of these financial instruments is to finance the company's operations.

The board regularly reviews and agrees policies for managing the level of risk arising from the
company's financial instruments. This is summarised below:

Liquidity risk
Liquidity risk is the risk the company will not be able to meet its financial obligations as they fall due.
The company's policy throughout the period has been to ensure that it has adequate liquidity to meet
its liabilities when due, by careful management of its working capital.

6. RELATED PARTY DISCLOSURES

The company is controlled by its shareholder director M A Wolfe and Imperex Ltd which he also
controls. The company is owed £255,900 (2015: £257,900) by Imperex limited.The loan is interest
free with no fixed date for repayment and is shown as "other debtors".

7. TRANSITION TO FRS102

This is the first year that the company has presented its results under FRS102. The last accounts under
UK GAAP were for the year ended 31 December 2015. The date of transition to FRS 102 is 1 January
2015. There are no transitional adjustments arising from the first time adoption of FRS102.

Page 4