ACCOUNTS - Final Accounts

HOCKLEY HEATH MANAGEMENT LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2017-01-01 02404163 2017-01-01 2017-12-31 02404163 2017-12-31 02404163 2016-12-31 02404163 c:Director1 2017-01-01 2017-12-31 02404163 d:CurrentFinancialInstruments 2017-12-31 02404163 d:CurrentFinancialInstruments 2016-12-31 02404163 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 02404163 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 02404163 d:ShareCapital 2017-12-31 02404163 d:ShareCapital 2016-12-31 02404163 d:OtherMiscellaneousReserve 2017-12-31 02404163 d:OtherMiscellaneousReserve 2016-12-31 02404163 c:FRS102 2017-01-01 2017-12-31 02404163 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 02404163 c:FullAccounts 2017-01-01 2017-12-31 02404163 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 iso4217:GBP

Registered number: 02404163

HOCKLEY HEATH MANAGEMENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2017

HOCKLEY HEATH MANAGEMENT LIMITED

REGISTERED NUMBER: 02404163

BALANCE SHEET

AS AT 31 DECEMBER 2017

		2017		As restated 2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	6,657		3,410
Cash at bank and in hand	5	49,754		57,296
		56,411		60,706
Creditors: amounts falling due within one year	6	(12,599)		(19,874)
Net current assets			43,812		40,832
Total assets less current liabilities			43,812		40,832

Net assets			43,812		40,832

Capital and reserves
Called up share capital		19	19
General reserve fund	8	43,793	40,813
		43,812	40,832

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 December 2018.

L G Balla

Director

The notes on pages 2 to 4 form part of these financial statements.

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HOCKLEY HEATH MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

1.	General information

Hockley Heath Management Limited is a limited liability company incorporated and domiciled in England. The registered office is shown on the Company Information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Service charge receivable

Service charge income represents maintenance, management and administration costs recoverable from owners or occupiers of units on the site, exclusive of Value Added Tax. Amounts are charged quarterly on account and any surplus or deficit are refunded or recharged to the relevant parties.

2.3

Interest income

Interest income is recognised in the Profit and Loss Account using the effective interest method.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).

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HOCKLEY HEATH MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Debtors

					2017	As restated 2016
					£	£


Other debtors	6,432	3,191
Prepayments and accrued income	225	219
	6,657	3,410

5.	Cash and cash equivalents
		2017	As restated 2016
		£	£

Cash at bank and in hand	49,754	57,296
	49,754	57,296

6.	Creditors: Amounts falling due within one year
		2017	As restated 2016
		£	£

Trade creditors	2,476	1,337
Other creditors	7,990	16,940
Accruals and deferred income	2,133	1,597
	12,599	19,874

7.	Financial instruments
		2017	As restated 2016
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	49,754	57,296

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HOCKLEY HEATH MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

8.	General reserve fund

Other reserves

The general reserve fund has been established to meet the cost of a large, non-regular repair and maintenance work. The present level of the fund may prove insufficient, given the uncertainty as to when further such costs may rise.
Any shortfall in these funds resulting from the expenditure incurred will be charged to the Income and Expenditure account in the year.

9.	Prior year adjustment

The director has identified that the accounts for the year ended 31 December 2016 were misstated and should not have been prepared as dormant accounts as there were service charge trading within the commercial property of Hockley Heath Court.

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