HMIT Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06656844 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2017

for

HMIT Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P McNulty BSc. ACA FCCA

Mrs M Shenton FCCA

SECRETARY:

REGISTERED OFFICE:

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

REGISTERED NUMBER:

06656844 (England and Wales)

FIXED ASSETS

Tangible assets

4

34,310

40,681

Investments

5

354,412

432,560

388,722

473,241

CURRENT ASSETS

Debtors

92,000

77,170

Cash at bank and in hand

153,371

129,335

245,371

206,505

CREDITORS

Amounts falling due within one year

111,131

125,609

NET CURRENT ASSETS

134,240

80,896

TOTAL ASSETS LESS CURRENT LIABILITIES

522,962

554,137

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

522,958

554,133

SHAREHOLDERS' FUNDS

522,962

554,137

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 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 31st December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 12th September 2018 and were signed on its behalf by:

P McNulty BSc. ACA FCCA - Director

1.	STATUTORY INFORMATION

HMIT 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts

receivable for services rendered, stated net of discounts and of Value Added Tax.

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

-

20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank

loans and directors loans.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted

amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period objective

evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the

statement of income and Retained Earnings.

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.

Currency

The company's presentational and functional currency is pounds sterling.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2017

64,320

Additions

6,881

At 31st December 2017

71,201

DEPRECIATION

At 1st January 2017

23,639

Charge for year

13,252

At 31st December 2017

36,891

NET BOOK VALUE

At 31st December 2017

34,310

At 31st December 2016

40,681

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st January 2017

432,560

Disposals

(78,148

)

At 31st December 2017

354,412

NET BOOK VALUE

At 31st December 2017

354,412

At 31st December 2016

432,560

6.	RELATED PARTY DISCLOSURES

HMIT Limited has invested in Hammond McNulty LLP, an LLP under the control of the directors.

"Interest in other participating interests" as per note 5, is represented solely by its investment in Hammond

McNulty LLP.