HR Bridge Point Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09432407 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

HR BRIDGE POINT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D N Kowitz

REGISTERED OFFICE:

Savoy Hill House

Savoy Hill

London

WC2R 0BU

REGISTERED NUMBER:

09432407 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

Roman Road

Mersham

Ashford

Kent

TN25 7HS

CURRENT ASSETS

Stocks

1,776,773

4,380,027

Debtors

3

4,698

970,405

Cash at bank

10,541

20,678

1,792,012

5,371,110

CREDITORS

Amounts falling due within one year

4

1,874,203

5,416,699

NET CURRENT LIABILITIES

(82,191

)

(45,589

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(82,191

)

(45,589

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(82,291

)

(45,689

)

SHAREHOLDERS' FUNDS

(82,191

)

(45,589

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 2 May 2018 and were signed by:

D N Kowitz - Director

1.	STATUTORY INFORMATION

HR Bridge Point 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. The financial statements have been prepared under the historical cost convention.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year 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 year 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.

Going concern

During the period the company incurred a loss of £40,973 (February 2016 - £4,716) and at the balance sheet date

had net liabilities of £40,873 (February 2016 - £4,616). These financial statements have been prepared on a going

concern basis which assumes continuing support from the holding company.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

4,698

970,405

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

30,706

-

Amounts owed to group undertakings

1,841,697

-

Other creditors

1,800

5,416,699

1,874,203

5,416,699

5.	RELATED PARTY DISCLOSURES

D N Kowitz

Director and shareholder

31/12/2017

31/12/2016

£

£

Amount due to related party at the balance sheet date

0

5,414,899

HR Burry Road Limited

A company owned and controlled by the director

During the period, the company paid expenses on behalf of HR Burry Road Limited totalling £0 (2016 -

£22,061).

31/12/2017

31/12/2016

£

£

Amount due from related party at the balance sheet date

0

774,177

HR Charles Road Limited

A company owned and controlled by the director

During the period, the company made loans to and paid expenses on behalf of HR Charles Road Limited totalling

£0 (2016 - £157,282).

31/12/2017

31/12/2016

£

£

Amount due from related party at the balance sheet date

0

157,282

Hastings Redevelopment Limited

Holding Company

31/12/2017

31/12/2016

£

£

Amount due to related party at the balance sheet date

1,841,697

0

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Hastings Redevelopment Limited.

The ultimate controlling party is D N Kowitz.