Company Registration No. 02031251 (England and Wales)
CHRISTOPHER HOBSON LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
CHRISTOPHER HOBSON LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
CHRISTOPHER HOBSON LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CHRISTOPHER HOBSON LIMITED FOR THE YEAR ENDED 31 MARCH 2015
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.
In accordance with the engagement letter dated 14 December 2015, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Christopher Hobson Limited for the year ended 31 March 2015, set out on pages 4 to 5 from the accounting records and information and explanations you have given to us.
This report is made solely to the Board of Directors of Christopher Hobson Limited, as a body, in accordance with the terms of our engagement letter dated 14 December 2015.
It is your duty to ensure that Christopher Hobson 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 Christopher Hobson Limited. You consider that Christopher Hobson 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 Christopher Hobson 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.
Jackson Calvert
31 December 2015
Chartered Accountants
Bennett Corner House
33 Coleshill Street
Sutton Coldfield
West Midlands
B72 1SD
CHRISTOPHER HOBSON LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1
1
Tangible assets
2
407,245
407,461
407,246
407,462
Current assets
Debtors
24,287
8,016
Cash at bank and in hand
15,930
-
40,217
8,016
Creditors: amounts falling due within one year
(329,655)
(335,387)
Net current liabilities
(289,438)
(327,371)
Total assets less current liabilities
117,808
80,091
Capital and reserves
Called up share capital
3
100
100
Revaluation reserve
26,000
26,000
Profit and loss account
91,708
53,991
Shareholders' funds
117,808
80,091
CHRISTOPHER HOBSON LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 3 -
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 December 2015
Mr C R Hobson
Director
Company Registration No. 02031251
CHRISTOPHER HOBSON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable accounting standards.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Freehold land and buildings
Nil
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Freehold buildings are depreciated to write down the cost less estimated residual value over the remaining life by equal annual installments. Where buildings are maintained to such a standard that their residual value is not less than their cost or valuation, no depreciation is charged as it is not material.
CHRISTOPHER HOBSON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 5 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost or valuation
At 1 April 2014 & at 31 March 2015
220,000
417,415
637,415
Depreciation
At 1 April 2014
219,999
9,954
229,953
Charge for the year
-
216
216
At 31 March 2015
219,999
10,170
230,169
Net book value
At 31 March 2015
1
407,245
407,246
At 31 March 2014
1
407,461
407,462
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
2015-03-31
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