Hansen Adair Limited - Accounts to registrar (filleted) - small 18.2

Hansen Adair Limited - Accounts to registrar (filleted) - small 18.2

HANSEN ADAIR LIMITED - Company Information

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REGISTERED NUMBER: 06729060 (England and Wales)












HANSEN ADAIR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017






HANSEN ADAIR LIMITED (REGISTERED NUMBER: 06729060)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HANSEN ADAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2017







DIRECTORS: R Adair
Mrs T Adair





SECRETARY: R Adair





REGISTERED OFFICE: Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP





REGISTERED NUMBER: 06729060 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP
Page 1
HANSEN ADAIR LIMITED (REGISTERED NUMBER: 06729060)

ABRIDGED BALANCE SHEET
31 OCTOBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 863,000 1,036,999

CURRENT ASSETS
Prepayments and accrued income 520 520
Cash at bank 51,417 49,941
51,937 50,461
CREDITORS
Amounts falling due within one year 922,738 933,504
NET CURRENT LIABILITIES (870,801 ) (883,043 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(7,801
)
153,956

PROVISIONS FOR LIABILITIES 54,600 87,499
NET (LIABILITIES)/ASSETS (62,401 ) 66,457

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (62,402 ) 66,456
SHAREHOLDERS' FUNDS (62,401 ) 66,457

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

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

Page 2 continued...
HANSEN ADAIR LIMITED (REGISTERED NUMBER: 06729060)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 July 2018 and were
signed on its behalf by:





R Adair - Director


The notes form part of these financial statements

Page 3
HANSEN ADAIR LIMITED (REGISTERED NUMBER: 06729060)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017

1. STATUTORY INFORMATION

Hansen Adair 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.

This is the first year in which the financial statements have been prepared under FRS 102
Section 1A, the transitional adjustments are included in note 6 of the financial statements.

The financial statements are prepared in sterling, which is the functional currency of the
company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents rents receivable from investment properties.

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.

Investment properties are shown at Directors' valuation at 31st October 2017.

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.

Page 4 continued...
HANSEN ADAIR LIMITED (REGISTERED NUMBER: 06729060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2016 1,036,999
Revaluations (173,999 )
At 31 October 2017 863,000
NET BOOK VALUE
At 31 October 2017 863,000
At 31 October 2016 1,036,999

Fair value at 31 October 2017 is represented by:

£   
Valuation in 2008 602,289
Valuation in 2015 108,711
Valuation in 2017 (173,999 )
Cost 325,999
863,000

5. ULTIMATE CONTROLLING PARTY

The company is under the control of the Directors, through their shareholding in the Holding
Company, Hansen Properties Holdings Limited.

Page 5 continued...
HANSEN ADAIR LIMITED (REGISTERED NUMBER: 06729060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2017

6. FIRST YEAR ADOPTION





Equity as
at
1.11.15


Profit for
the year
ended
31.10.16



Equity as
at
31.10.16
£ £ £

As previously stated under
FRSSE 2015
41,405

3,839

45,244

Transitional adjustments:
Deferred tax provided (105,031) 17,532 (87,499)

Gain/loss on revaluation of
investment property
108,711

-

108,711

As stated in accordance with
FRS 102 Section 1A
45,085

21,371

66,456

Explanation of changes to previously reported profit and equity:

FRS 102 Section 1A requires that deferred tax is provided on investment property that is
measured at fair value.

Page 6