Hannick Holdings Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02803294 (England and Wales)

HANNICK HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mr N F Cleverley

Miss H M Cleverley

REGISTERED OFFICE:

Dammas House

Dammas Lane

Old Town

SWINDON

Wiltshire

SN1 3EF

REGISTERED NUMBER:

02803294 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

FIXED ASSETS

Investments

3

30,000

30,000

CURRENT ASSETS

Debtors

4

3,262,109

3,272,109

NET CURRENT ASSETS

3,262,109

3,272,109

TOTAL ASSETS LESS CURRENT LIABILITIES

3,292,109

3,302,109

CAPITAL AND RESERVES

Called up share capital

5

19,500

19,500

Capital redemption reserve

10,500

10,500

Retained earnings

3,262,109

3,272,109

SHAREHOLDERS' FUNDS

3,292,109

3,302,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 26th January 2018 and were signed on its behalf by:

Mr N F Cleverley - Director

1.	STATUTORY INFORMATION

Hannick Holdings 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.

FRS 102 is mandatory for accounting periods beginning on or after 1 January 2016 for "Small

Entities", therefore this is being implemented for the first time in these financial statements.

Information on the impact of first time adoption is given in note 6.

The company was dormant throughout the current year and previous year.

Preparation of consolidated financial statements

The financial statements contain information about Hannick Holdings 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.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine an appropriate provision for recoverability of debtors by assessing the recoverability

of all balances on a balance by balance basis.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Short term debtors are measured at transaction price, less any impairment. Loans receivable are

measured initially at fair value, net of transaction costs, and are measured subsequently at

amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at transaction price, less any impairment. Other financial

liabilities, including loans, are measured initially at fair value, net of transaction costs, and are

measured subsequently at amortised cost using the effective interest method.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st May 2016

and 30th April 2017

30,000

NET BOOK VALUE

At 30th April 2017

30,000

At 30th April 2016

30,000

The company's investments at the Statement of Financial Position date in the share capital of

companies include the following:

Hannick Homes & Developments Limited

Registered office:

Nature of business: Property developers

%

Class of shares:

holding

Ordinary

100.00

30.4.17

30.4.16

£

£

Aggregate capital and reserves

9,284,028

8,435,006

Profit for the year

819,022

291,662

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as

restated

£

£

Amounts owed by group undertakings

3,262,109

3,272,109

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

as restated

£

£

19,500

Ordinary

£1

19,500

19,500

6.	POST BALANCE SHEET EVENTS

On 21 November 2017, the company re purchased 2790 £1 ordinary shares at an agreed value of

£1.4m.

7.	FIRST YEAR ADOPTION

This has been considered by the directors and they have concluded that there are no transitional

adjustments necessary for the adoption of FRS 102 (1A).