HIDDEN LAKE LIMITED
Company Registration No. 02251867 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
HIDDEN LAKE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
HIDDEN LAKE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
752,002
750,419
Current assets
Debtors
-
2,797
Cash at bank and in hand
22,017
87,742
22,017
90,539
Creditors: amounts falling due within one year
(16,571)
(16,064)
Net current assets
5,446
74,475
Total assets less current liabilities
757,448
824,894
Creditors: amounts falling due after more than one year
(347,165)
(427,980)
Provisions for liabilities
(201)
-
410,082
396,914
Capital and reserves
Called up share capital
3
100
100
Revaluation reserve
518,049
518,049
Profit and loss account
(108,067)
(121,235)
Shareholders' funds
410,082
396,914
HIDDEN LAKE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 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 20 December 2016
Mr W F Thomas
Director
Company Registration No. 02251867
HIDDEN LAKE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
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 January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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:
Land and buildings Freehold
0%
Plant and machinery
25% Straight Line
Computer equipment
25% Straight Line
Motor vehicles
25% Straight Line
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
HIDDEN LAKE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 April 2015
781,296
Additions
1,900
At 31 March 2016
783,196
Depreciation
At 1 April 2015
30,877
Charge for the year
317
At 31 March 2016
31,194
Net book value
At 31 March 2016
752,002
At 31 March 2015
750,419
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100