Herm Homes Ltd - Accounts to registrar (filleted) - small 17.3
Herm Homes Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 29 March 2016 to 27 March 2017 |
| for |
| Herm Homes Ltd |
| Herm Homes Ltd (Registered number: 07454995) |
| Contents of the Financial Statements |
| for the Period 29 March 2016 to 27 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Herm Homes Ltd |
| Company Information |
| for the Period 29 March 2016 to 27 March 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Herm Homes Ltd (Registered number: 07454995) |
| Balance Sheet |
| 27 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| Herm Homes Ltd (Registered number: 07454995) |
| Notes to the Financial Statements |
| for the Period 29 March 2016 to 27 March 2017 |
| 1. | STATUTORY INFORMATION |
| Herm Homes Ltd is a |
| 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 |
| Turnover |
| Turnover is represented by the rents receivable. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| 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. |
| Herm Homes Ltd (Registered number: 07454995) |
| Notes to the Financial Statements - continued |
| for the Period 29 March 2016 to 27 March 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 29 March 2016 |
| and 27 March 2017 |
| DEPRECIATION |
| At 29 March 2016 |
| and 27 March 2017 |
| NET BOOK VALUE |
| At 27 March 2017 |
| At 28 March 2016 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 29 March 2016 |
| and 27 March 2017 |
| NET BOOK VALUE |
| At 27 March 2017 |
| At 28 March 2016 |
| Fair value at 27 March 2017 is represented by: |
| £ |
| Valuation in 2012 | 176,000 |
| Valuation in 2013 | 130,000 |
| Valuation in 2014 | (40,000 | ) |
| Valuation in 2015 | 60,000 |
| Cost | 1,214,000 |
| 1,540,000 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by participating interests | 262,359 | 238,801 |
| Herm Homes Ltd (Registered number: 07454995) |
| Notes to the Financial Statements - continued |
| for the Period 29 March 2016 to 27 March 2017 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Amounts owed to participating interests | 281,037 | - |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans | 393,219 | 683,819 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 29 March 2016 |
| and 27 March 2017 |
| 10. | RELATED PARTY DISCLOSURES |
| Advanced monies amounting to £262,359 on an interest-free basis with no fixed repayment terms to associated |
| companies; Ryhill Investments Limited & Ryhill Properties Limited. |
| Received monies amounting to £281,037 from AJ (Derby) Investments Limited. |
| Granted a 3rd party charge to HSBC Bank on some of its assets via AJ (Derby) Investments Limited. |