Hedgerow Publishing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02303616 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Hedgerow Publishing Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr Edward Tyzack John Hunt

Mr Jonathan Charles Vivian Hunt

SECRETARY:

Mr Jonathan Charles Vivian Hunt

REGISTERED OFFICE:

325 Abbeydale Road

Sheffield

South Yorkshire

S7 1FS

REGISTERED NUMBER:

02303616 (England and Wales)

ACCOUNTANTS:

Landin Wilcock & Co

Chartered Accountants

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

BANKERS:

HSBC

503 Langsett Road

Hillsborough

Sheffield

South Yorkshire

S6 2LP

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to

be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Hedgerow Publishing Limited for the year ended

31 March 2018 which comprise the Income Statement, Other Comprehensive Income, Balance

Sheet, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hedgerow Publishing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hedgerow Publishing Limited and state those matters that we have agreed to state to the Board of Directors of Hedgerow Publishing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hedgerow Publishing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hedgerow Publishing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hedgerow Publishing Limited. You consider that Hedgerow Publishing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hedgerow Publishing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Landin Wilcock & Co

Chartered Accountants

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

20 December 2018

FIXED ASSETS

Tangible assets

4

3,917

4,895

CURRENT ASSETS

Stocks

38,997

39,622

Debtors

5

9,649

6,063

Cash at bank

-

2,300

48,646

47,985

CREDITORS

Amounts falling due within one year

6

16,369

7,402

NET CURRENT ASSETS

32,277

40,583

TOTAL ASSETS LESS CURRENT LIABILITIES

36,194

45,478

CREDITORS

Amounts falling due after more than one year

7

22,000

22,000

NET ASSETS

14,194

23,478

CAPITAL AND RESERVES

Called up share capital

150,000

150,000

Retained earnings

(135,806

)

(126,522

)

14,194

23,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

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 20 December 2018 and were signed on its behalf by:

Mr Edward Tyzack John Hunt - Director

1.	STATUTORY INFORMATION

Hedgerow Publishing 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes party to

the contractual provisions of the instrument. Financial liabilities and equity instruments are

classified according to the substance of the contractual arrangements entered into. An

equity instrument is any contract that evidences a residual interest in the assets of the

company after deducting all of its liabilities.

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.

Going concern

The Directors expect the company to continue trading for the foreseeable future, but this is

subject to the continued support of the company's lending providers and creditors. No

adjustments have been made to these accounts should the going concern basis of

accounting prove to not be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

65,209

32,015

97,224

DEPRECIATION

At 1 April 2017

61,580

30,749

92,329

Charge for year

725

253

978

At 31 March 2018

62,305

31,002

93,307

NET BOOK VALUE

At 31 March 2018

2,904

1,013

3,917

At 31 March 2017

3,629

1,266

4,895

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

6,530

6,063

Amounts owed by group undertakings

3,119

-

9,649

6,063

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

794

-

Trade creditors

4,681

1,766

Amounts owed to group undertakings

-

2,789

Taxation and social security

580

1,035

Other creditors

10,314

1,812

16,369

7,402

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Redeemable preference shares

22,000

22,000

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

6,000

6,000

Between one and five years

9,000

15,000

15,000

21,000

The company has an 5 year lease term to rent the business premises, which expires on 10

September 2020.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Cleden Holdings Limited.