Hennessy Godden Partnership Limited 30/11/2017 iXBRL

HENNESSY GODDEN PARTNERSHIP LTD - Company Information

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Statement of consent to prepare abridged financial statements

All of the members of Hennessy Godden Partnership Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 November 2017 in accordance with Section 444(2A) of the Companies Act 2006.

Company registration number: 9865399

Hennessy Godden Partnership Limited

Unaudited filleted abridged financial statements

30 November 2017

Hennessy Godden Partnership Limited

Contents

Directors and other information

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Hennessy Godden Partnership Limited

Directors and other information


	Directors	Mr Brendan Hennessy
		Mr John Godden


	Company number	9865399


	Registered office	Ground Floor Southon House
		Station Approach
		Edenbridge
		Kent
		TN8 5LP


	Business address	Suite 86/87
		3 to 7 Temple Chambers
		Temple avenue
		London
		EC4Y 0HP


	Accountants	Accounts Action (SE) Ltd
		Ground Floor Southon House
		Station Approach
		Edenbridge
		Kent
		TN8 5LP

Hennessy Godden Partnership Limited

Abridged statement of financial position

30th November 2017

		30/11/17		30/11/16
	Note	£	£	£	£

Fixed assets
Tangible assets	5	5,034		6,712
		_______		_______
			5,034		6,712

Current assets
Debtors		262,418		122,056
Cash at bank and in hand		17,632		152,483
		_______		_______
		280,050		274,539
Creditors: amounts falling due
within one year		( 78,330)		( 169,997)
		_______		_______
Net current assets			201,720		104,542
			_______		_______
Total assets less current liabilities			206,754		111,254

			_______		_______
Net assets			206,754		111,254
			_______		_______

Capital and reserves
Called up share capital			90		90
Share premium account			10		10
Profit and loss account			206,654		111,154
			_______		_______
Shareholders funds			206,754		111,254
			_______		_______

For the year ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 August 2018 , and are signed on behalf of the board by:

Mr John Godden

Director

Company registration number: 9865399

Hennessy Godden Partnership Limited

Statement of changes in equity

Year ended 30th November 2017

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 1st December 2015	-	-	-	-

Profit for the year			169,154	169,154
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	169,154	169,154

Issue of shares	-	10		10
Issue of bonus shares	90	-	-	90
Dividends paid and payable			( 58,000)	( 58,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	90	10	( 58,000)	( 57,900)

	_______	_______	_______	_______
At 30th November 2016 and 1st December 2016	-	10	111,154	111,164

Profit for the year			130,500	130,500
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	130,500	130,500

Issue of shares	90	-		90
Dividends paid and payable			( 30,000)	( 30,000)
Cancellation of subscribed capital	-		( 5,000)	( 5,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	90	-	( 35,000)	( 34,910)

	_______	_______	_______	_______
At 30th November 2017	90	10	206,654	206,754
	_______	_______	_______	_______

Hennessy Godden Partnership Limited

Notes to the financial statements

Year ended 30th November 2017

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Ground Floor Southon House, Station Approach, Edenbridge, Kent, TN8 5LP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1st December 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


25	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets .

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2016: 1 ).

5. Tangible assets


		£
	Cost
	At 1st December 2016 and 30th November 2017	8,950
		_______
	Depreciation
	At 1st December 2016	2,238
	Charge for the year	1,678
		_______
	At 30th November 2017	3,916
		_______
	Carrying amount
	At 30th November 2017	5,034
		_______
	At 30th November 2016	6,712
		_______

6. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

Year ended 30/11/17
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr John Godden	( 886)	296,760	( 91,146)	204,728
		_______	_______	_______	_______

Period ended 30/11/16
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr John Godden	-	69,825	( 70,711)	( 886)
		_______	_______	_______	_______

This debit balance is due for repayment by 31/08/2018

7. Controlling party

The controlling and ultimate controlling party are the company's two directors by virtue of their 90% share holding split equally between them.

8. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st December 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.