H.S. Walia Limited - Limited company accounts 18.2
H.S. Walia Limited - Limited company accounts 18.2
| REGISTERED NUMBER: |
| Report of the Directors and |
| Financial Statements for the Year Ended 30 April 2018 |
| for |
| H.S. Walia Limited |
| H.S. Walia Limited (Registered number: 01559369) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2018 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Statement of Income and Retained Earnings | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 |
| H.S. Walia Limited |
| Company Information |
| for the Year Ended 30 April 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Atlantic House |
| Imperial Way |
| Reading |
| Berkshire |
| RG2 0TD |
| H.S. Walia Limited (Registered number: 01559369) |
| Report of the Directors |
| for the Year Ended 30 April 2018 |
| The directors present their report with the financial statements of the company for the year ended 30 April 2018. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of hotel management and the rental of the |
| company's premises |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 May 2017 to the date of this report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| H.S. Walia Limited (Registered number: 01559369) |
| Statement of Income and Retained Earnings |
| for the Year Ended 30 April 2018 |
| 30.4.18 | 30.4.17 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT |
| Interest payable and similar expenses |
| PROFIT BEFORE TAXATION |
| Tax on profit | 4 |
| PROFIT FOR THE FINANCIAL YEAR |
| Retained earnings at beginning of year |
| RETAINED EARNINGS AT END OF YEAR |
| H.S. Walia Limited (Registered number: 01559369) |
| Statement of Financial Position |
| 30 April 2018 |
| 30.4.18 | 30.4.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on |
| H.S. Walia Limited (Registered number: 01559369) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2018 |
| 1. | STATUTORY INFORMATION |
| H.S. Walia Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the full market value of all trading income receivable by the company during the financial |
| period. All of the company's turnover was achieved within the United Kingdom. |
| Tangible fixed assets |
| Freehold property | - |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's |
| pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Tax on profit |
| UK corporation tax has been charged at 19% . |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST |
| At 1 May 2017 |
| and 30 April 2018 |
| NET BOOK VALUE |
| At 30 April 2018 |
| At 30 April 2017 |
| H.S. Walia Limited (Registered number: 01559369) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2018 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Included in cost of land and buildings is freehold land of £ 2,048,906 (2017 - £ 2,048,906 ) which is not |
| depreciated. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Tax |
| Social security and other taxes |
| Pension liability | 679 | - |
| VAT | 18,137 | - |
| Directors' current accounts | 360,828 | 435,826 |
| Accruals and deferred income |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Mortgages | 455,000 | 455,000 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Bank loans |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.18 | 30.4.17 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| H.S. Walia Limited (Registered number: 01559369) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2018 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 April 2018 and 30 April 2017: |
| 30.4.18 | 30.4.17 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |