Hanover Business Centres Ltd
|
Registered Number
:
02302007
|
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
Hanover Business Centres Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Hanover Business Centres Ltd
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
611,178
611,178
2
611,178
611,178
Trade and other receivables
|
3,959
6,201
3
5,262
Cash and cash equivalents
|
4,318
10,519
9,221
Trade and other payables
:
amounts falling due within one
|
year
|
(18,210)
(20,325)
4
(8,989)
(9,806)
Net current liabilities
Total assets less current liabilities
|
601,372
602,189
Trade and other payables
:
amounts falling due after more
|
than one year
|
(419,167)
(394,171)
5
(5,198)
(5,198)
Provisions for liabilities
|
202,003
Net assets
177,824
12,000
12,000
126,202
126,202
6
63,801
39,622
202,003
177,824
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
1 of 5
For the year ended 31 March 2017
Hanover Business Centres Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 31 August 2017 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2017
Hanover Business Centres Ltd
Notes to the Financial Statements
Statutory Information
Hanover Business Centres Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
02302007
.
|
3 Connaught House
Riverside Business Park
Benarth Road
Conwy
LL32 8UB
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and fittings
The company
''
s freehold properties were professionally valued in
0
.
This valuation has been reduced by subsequent
|
depreciation
.
Under the transitional provisions of the Financial Reporting Standard for Smaller Entities
(
effective
|
January
2015
)
the properties continue to be stated at that valuation less accumulated depreciation to date and that
|
valuation has not been updated
.
|
The company
''
s freehold properties are revalued in full every five years
.
Interim valuations are carried out when it is
|
likely that there has been a material change in value
.
|
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
3 of 5
For the year ended 31 March 2017
Hanover Business Centres Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
618,359
35,631
582,728
582,728
35,631
618,359
Provision for depreciation and impairment
|
7,181
7,181
-
7,181
7,181
-
582,728
28,450
611,178
582,728
28,450
611,178
The freehold property was revalued at its open market value in March
1993
by a firm of Chartered Surveyors
(
original
|
cost £
123
,
798
).
The directors are of the opinion that this valuation is still appropriate
.
|
3
.
Trade and other receivables
|
2016
2017
6,201
3,959
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
6,121
3,528
Taxation and social security
|
139
861
Accruals and deferred income
|
2,020
2,020
12,045
11,801
20,325
18,210
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
419,167
394,171
Directors
'
current accounts
|
4 of 5
For the year ended 31 March 2017
Hanover Business Centres Ltd
Notes to the Financial Statements Continued
Revaluation reserve at
01
April
2016
|
126,202
126,202
Revaluation reserve at
31
March
2017
|
7
.
Related party transactions
|
Mr M Herman
,
a director
,
together with members of his close family
,
controls the company by virtue of a
100
%
|
controlling interest of the issued ordinary share capital
.
|
5 of 5