NHA Financial Services Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07505303 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2017

for

NHA Financial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Harvey

J Grantham

SECRETARY:

D Harvey

REGISTERED OFFICE:

1 Holly Tree House

Northminster Park Upper Poppleton

York

YO26 6QU

REGISTERED NUMBER:

07505303 (England and Wales)

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

FIXED ASSETS

Investments

3

119,595

119,595

CURRENT ASSETS

Debtors

4

188,598

188,598

CREDITORS

Amounts falling due within one year

5

308,003

308,003

NET CURRENT LIABILITIES

(119,405

)

(119,405

)

TOTAL ASSETS LESS CURRENT LIABILITIES

190

190

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

90

90

SHAREHOLDERS' FUNDS

190

190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 20th December 2017 and were signed on its behalf by:

J Grantham - Director

1.	STATUTORY INFORMATION

NHA Financial Services 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are presented in sterling which is the functional currency of the company rounded to the

nearest £. The financial statements have been prepared under the historic cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Effect of transition to FRS 102 (Section 1A)

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. FRS 102 (Section 1A) has been adopted by the company for the first time

for the year ended 31st March 2017 and the transition date to FRS 102 (Section 1A) was 1st April 2016. There

are no transition adjustments to be reported on the adoption of FRS 102 (Section 1A) that have affected the

opening reserves at transition date, the comparative period balance sheet or the comparative period income

statement.

Preparation of consolidated financial statements

The financial statements contain information about NHA Financial Services Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expense.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction

costs. Subsequently, they are measured at fair value through profit and loss if the shares are publically traded or

their fair value can otherwise be measured reliably. Other investments, including subsidiaries, are measured at

cost less impairment. Investments that are publically traded have their fair value measured at the quoted bid

price.

Investments in joint ventures/associates are measured at cost less impairment.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement

constitutes a finance transaction it is measured at present value.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance

sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is

estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an

impairment loss is recognised in the profit and loss account, unless the asset is carried at a revalued amount and

the impairment loss is a decrease to a previous revaluation.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past

event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be

reliably estimated.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2016

and 31st March 2017

119,595

NET BOOK VALUE

At 31st March 2017

119,595

At 31st March 2016

119,595

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Amounts owed by group undertakings

188,598

188,598

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other loans

308,003

308,003

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

7.	ULTIMATE CONTROLLING PARTY