HPC Corporation Limited - Accounts to registrar (filleted) - small 18.1

HPC Corporation Limited - Accounts to registrar (filleted) - small 18.1

HPC CORPORATION LIMITED - Company Information

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REGISTERED NUMBER: 03197176 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2018

for

HPC Corporation Limited
HPC Corporation Limited (Registered number: 03197176)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HPC Corporation Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: J A Hinchliffe
Mrs P B Hinchliffe





SECRETARY: Mrs P B Hinchliffe





REGISTERED OFFICE: Little Lydgate Farm
Main Road
Holmesfield
Sheffield
S18 7WB





BUSINESS ADDRESS: Unit 14 Foxwood Industrial Park
Foxwood Road
Chesterfield
Derbyshire
S41 9RN





REGISTERED NUMBER: 03197176 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ
Page 1
HPC Corporation Limited (Registered number: 03197176)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 469,273 603,352
Investments 5 10,081 10,081
Investment property 6 704,740 704,740
1,184,094 1,318,173

CURRENT ASSETS
Debtors 7 1,852,081 1,257,004
Cash at bank 3,206,225 3,007,558
5,058,306 4,264,562
CREDITORS
Amounts falling due within one year 8 3,842,720 2,804,301
NET CURRENT ASSETS 1,215,586 1,460,261
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,399,680
2,778,434

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Share premium 671,333 671,333
Retained earnings 1,724,347 2,103,101
SHAREHOLDERS' FUNDS 2,399,680 2,778,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 notes form part of these financial statements

Page 2 continued...
HPC Corporation Limited (Registered number: 03197176)

Balance Sheet - continued
31 March 2018


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 12 June 2018 and were signed on its
behalf by:





J A Hinchliffe - Director


The notes form part of these financial statements

Page 3
HPC Corporation Limited (Registered number: 03197176)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

HPC Corporation 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
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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about HPC Corporation Limited as an individual company
and do not contain consolidated financial information as the parent of a group. The company is exempt
under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated
financial statements.

Turnover
Turnover represents management charges receivable, excluding value added tax.

Rents receivable on property income are included in other income.

Intangible assets
Goodwill, being the amount paid in connection with the acquisition of the business in 2011, is being
amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life:

Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on cost
Computer equipment- 33% on cost

Investment property
Investment property is not depreciated but is revalued annually at its market value in accordance with
Section 1A "Small Entities' of Financial Reporting Standard 102 which is contrary to the requirement of
the Companies Act 2006 for all fixed assets to be depreciated. Any aggregate surplus or deficit arising
from changes in fair value are taken to the profit and loss account and transferred to a fair value
reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

Page 4 continued...
HPC Corporation Limited (Registered number: 03197176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 1,340,786
AMORTISATION
At 1 April 2017 737,434
Charge for year 134,079
At 31 March 2018 871,513
NET BOOK VALUE
At 31 March 2018 469,273
At 31 March 2017 603,352

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 13,493 9,865 23,358
PROVISIONS
At 1 April 2017
and 31 March 2018 3,413 9,864 13,277
NET BOOK VALUE
At 31 March 2018 10,080 1 10,081
At 31 March 2017 10,080 1 10,081

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 704,740
NET BOOK VALUE
At 31 March 2018 704,740
At 31 March 2017 704,740

Included in fair value of investment property is freehold land of £ 50,000 (2017 - £ 50,000 ) which is not
depreciated.

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2018 704,740

Page 5 continued...
HPC Corporation Limited (Registered number: 03197176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical
cost:

2018 2017
£    £   
Cost 704,740 704,740
Aggregate depreciation (117,855 ) (104,760 )

Investment property was valued on a fair value basis on 31 March 2018 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by group undertakings 1,837,732 1,241,026
Other debtors 11,676 13,305
Tax 2,673 2,673
1,852,081 1,257,004

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed to group undertakings 310,001 49,000
Taxation 8,164 1,733
Social security and other taxes 46,746 481
Other creditors 2,300,195 1,898,330
Directors' current accounts 908,935 547,785
Accruals and deferred income 268,679 306,972
3,842,720 2,804,301

Page 6