Hillgrove Estates (Hayle) Limited - Period Ending 2018-03-31
Hillgrove Estates (Hayle) Limited - Period Ending 2018-03-31
Period from 16 August 2017 to
Registration number:
Hillgrove Estates (Hayle) Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Hillgrove Estates (Hayle) Limited
Company Information
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Directors |
Mr S Caklais Mr G R Fincham Mr K M Pearce Mr G P Turbott |
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Registered office |
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Accountants |
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Page 1 |
Hillgrove Estates (Hayle) Limited
Balance Sheet
31 March 2018
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Note |
2018 |
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Current assets |
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Work in progress |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Page 2 |
Hillgrove Estates (Hayle) Limited
Balance Sheet
31 March 2018
For the financial period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 10919259
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Page 3 |
Hillgrove Estates (Hayle) Limited
Notes to the Financial Statements
Period from 16 August 2017 to 31 March 2018
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General information |
The company is a private company limited by share capital, incorporated in Engalnd and Wales.
The address of its registered office is:
United Kingdom
The principal place of business is:
1 Fairmantle Street
Truro
Cornwall
TR1 2LP
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Work in progress
Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Costs include all direct costs and an appropriate proportion of fixed and variable overheads.
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Page 4 |
Hillgrove Estates (Hayle) Limited
Notes to the Financial Statements
Period from 16 August 2017 to 31 March 2018
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
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Work in progress |
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2018 |
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Work in progress |
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Debtors |
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31 March 2018 |
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Other debtors |
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Page 5 |
Hillgrove Estates (Hayle) Limited
Notes to the Financial Statements
Period from 16 August 2017 to 31 March 2018
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Creditors |
Creditors: amounts falling due within one year
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31 March 2018 |
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Due within one year |
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Trade creditors |
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Accrued expenses |
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Creditors: amounts falling due after more than one year
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Note |
2018 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
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2018 |
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Loans and borrowings due after one year |
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Other borrowings |
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Related party transactions |
Summary of transactions with entities with joint control or significant interest
During the period loans existed between Hillgrove Estates (Hayle) Limited and other companies in which the directors are directors and/or shareholders.
These loans are interest free and repayable when the company is in a suitable financial position.
At the period end the amount owed by Hillgrove Estates (Hayle) Limited and shown in other creditors was £59,998.
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Page 6 |