HOUNSLOW ESTATES LIMITED

HOUNSLOW ESTATES LIMITED

HOUNSLOW ESTATES LIMITED - Company Information

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HOUNSLOW ESTATES LIMITED

Company Registration Number:
03849740 (England and Wales)

Unaudited abridged accounts for the year ended 05 April 2017

Period of accounts

Start date: 06 April 2016

End date: 05 April 2017

HOUNSLOW ESTATES LIMITED

Contents of the Financial Statements

for the Period Ended 05 April 2017

Balance sheet
Notes

HOUNSLOW ESTATES LIMITED

Balance sheet

As at 05 April 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 31,673 47,132
Investments: 4 672,291 0
Total fixed assets: 703,964 47,132
Current assets
Debtors:   2,418,967 3,021,884
Cash at bank and in hand: 332,657 34,811
Total current assets: 2,751,624 3,056,695
Creditors: amounts falling due within one year: 5 (527,370) (366,226)
Net current assets (liabilities): 2,224,254 2,690,469
Total assets less current liabilities: 2,928,218 2,737,601
Creditors: amounts falling due after more than one year: 6 0 (10,939)
Total net assets (liabilities): 2,928,218 2,726,662
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,928,118 2,726,562
Shareholders funds: 2,928,218 2,726,662

The notes form part of these financial statements

HOUNSLOW ESTATES LIMITED

Balance sheet statements

For the year ending 5 April 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 December 2017
and signed on behalf of the board by:

Name: Mr S R Khan
Status: Director

The notes form part of these financial statements

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue RecognitionRevenue is measured at the fair value of the consideration received or receivable.Turnover represents the invoiced value of accommodation and services provided by the company to Local Authorities, net of Value Added Tax and also represents rent received from residential lettings.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for company's own use are stated at cost less accumulated depreciation.Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their estimated useful lives on a reducing balance basis at rates of 20% - 30% per annum.

Other accounting policies

TaxationThe company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.There is no deferred tax.

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2017

2. Employees

2017 2016
Average number of employees during the period 9 9

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2017


3. Tangible Assets

Total
Cost £
At 06 April 2016 181,921
Additions 11,644
Disposals (46,001)
At 05 April 2017 147,564
Depreciation
At 06 April 2016 134,789
Charge for year 7,918
On disposals (26,816)
At 05 April 2017 115,891
Net book value
At 05 April 2017 31,673
At 05 April 2016 47,132

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2017

4. Fixed investments


This represents the cost of two residential Leasehold Properties purchased by the company to generate rental income as follows :2 Ashcroft Court, Wembley,Middlesex £369,868 17 Travellers Way, Hounslow Middlesex £302,423 Total £672,291

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2017

5. Creditors: amounts falling due within one year note

Trade Creditors £ 77606 Hire Purchase £0 Mr & Mrs Khan Managing Ptrp. £76743 Newbury Resthome Limited £177432 S & S Khan Limited £57373 Corporation Tax £102996 Value Added Tax £0 Other taxes & soc.security costs £5383 Director's current account £6004 Sundry creditors & accruals £8200 Other creditors £15633 Total £527370

HOUNSLOW ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 05 April 2017

6. Creditors: amounts falling due after more than one year note

Obligations under finance leasesand hire purchase contracts £ 0Last year £10939