Hawthorn Manor Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08979540 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

HAWTHORN MANOR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B S Sanghera

REGISTERED OFFICE:

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

REGISTERED NUMBER:

08979540 (England and Wales)

ACCOUNTANTS:

The Carley Partnership

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

FIXED ASSETS

Intangible assets

4

330,000

510,000

Tangible assets

5

1,577,114

1,587,681

1,907,114

2,097,681

CURRENT ASSETS

Debtors

6

260,968

230,389

Cash at bank

824,949

448,615

1,085,917

679,004

CREDITORS

Amounts falling due within one year

7

1,073,627

1,068,773

NET CURRENT ASSETS/(LIABILITIES)

12,290

(389,769

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,919,404

1,707,912

CREDITORS

Amounts falling due after more than one year

8

(1,284,626

)

(1,377,451

)

PROVISIONS FOR LIABILITIES

(28,189

)

(27,295

)

NET ASSETS

606,589

303,166

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

606,489

303,066

SHAREHOLDERS' FUNDS

606,589

303,166

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 29 June 2018 and were signed by:

B S Sanghera - Director

1.	STATUTORY INFORMATION

Hawthorn Manor 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 September 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date

of transition to FRS 102 Section 1A is 1 October 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Freehold and leasehold land and buildings are not depreciated. This represents a departure from the provisions of

the Companies Act 2006. The company has a policy and practice of regular maintenance and repair, the charges

for which are recognised in the profit and loss account as incurred. The company believes that such a policy

ensures that the estimated residual values of its properties at the balance sheet date are maintained at levels not

materially different from the carrying amount of the assets. As such, no depreciation charge is made on the

grounds that any such charge would be immaterial.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

900,000

AMORTISATION

At 1 October 2016

390,000

Charge for year

180,000

At 30 September 2017

570,000

NET BOOK VALUE

At 30 September 2017

330,000

At 30 September 2016

510,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2016

and 30 September 2017

1,517,237

100,000

1,617,237

DEPRECIATION

At 1 October 2016

-

29,556

29,556

Charge for year

-

10,567

10,567

At 30 September 2017

-

40,123

40,123

NET BOOK VALUE

At 30 September 2017

1,517,237

59,877

1,577,114

At 30 September 2016

1,517,237

70,444

1,587,681

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

260,968

230,389

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

100,194

97,742

Taxation and social security

69,163

37,493

Other creditors

904,270

933,538

1,073,627

1,068,773

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

1,284,626

1,377,451

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

855,917

959,234

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

1,384,820

1,475,193

The bank loan is secured by charges over the company's freehold property and that of other companies which

are controlled by the director, by charges over certain of the director's personal assets, and by the director's

personal guarantee.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

11.	FIRST YEAR ADOPTION

The company has adopted the provisions of Financial Reporting Standard 102 Section 1A, effective for accounting

periods beginning on or after 1st January 2016 with the company's transitional date being 1st October 2015. No

changes were required to the figures reported previously under UK GAAP to bring them into line with the new

standard, and so no reconciliation statements are provided.