Hammerwood Management Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07410733 (England and Wales)

HAMMERWOOD MANAGEMENT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2018

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Chartered accountants' report

6

DIRECTORS:

Mrs P B Grabham

Dr J A Grabham

REGISTERED OFFICE:

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

REGISTERED NUMBER:

07410733 (England and Wales)

ACCOUNTANTS:

F W Berringer & Co

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

FIXED ASSETS

Tangible assets

3

10,343

11,821

Investments

4

200

200

10,543

12,021

CURRENT ASSETS

Debtors

5

215,517

27,542

Cash at bank

336

-

215,853

27,542

CREDITORS

Amounts falling due within one year

6

3,245

1,254

NET CURRENT ASSETS

212,608

26,288

TOTAL ASSETS LESS CURRENT LIABILITIES

223,151

38,309

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

222,951

38,109

SHAREHOLDERS' FUNDS

223,151

38,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors on 4 January 2019 and were signed on its behalf by:

Dr J A Grabham - Director

1.	STATUTORY INFORMATION

Hammerwood Management Services 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.

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

-

Straight line over 10 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 6 April 2017

and 5 April 2018

14,776

DEPRECIATION

At 6 April 2017

2,955

Charge for year

1,478

At 5 April 2018

4,433

NET BOOK VALUE

At 5 April 2018

10,343

At 5 April 2017

11,821

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 6 April 2017

and 5 April 2018

200

NET BOOK VALUE

At 5 April 2018

200

At 5 April 2017

200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

215,517

27,542

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

3,245

1,254

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors, due to their equal ownership of the company's issued share capital.

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 Hammerwood Management Services Limited for the year ended 5 April 2018 which comprise the Statement of

income and retained earnings, Balance sheet 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 Hammerwood Management Services 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 Hammerwood Management Services Limited and state those matters that we have agreed to state to the Board of Directors of Hammerwood Management Services 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 Hammerwood Management Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hammerwood Management Services 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 profit of Hammerwood Management Services Limited. You consider that Hammerwood Management Services 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 Hammerwood Management Services 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.

F W Berringer & Co

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

4 January 2019