Hanover Business Centres Ltd
|
Registered Number
:
02302007
|
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2019
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
2018
2019
Property
,
plant and equipment
|
673,238
610,822
2
673,238
610,822
Trade and other receivables
|
7,495
8,503
3
5,564
Cash and cash equivalents
|
1,490
9,993
13,059
Trade and other payables
:
amounts falling due within one
|
year
|
(17,768)
(21,145)
4
(4,709)
(11,152)
Net current liabilities
Total assets less current liabilities
|
662,086
606,113
Trade and other payables
:
amounts falling due after more
|
than one year
|
(369,347)
(341,357)
5
(4,803)
(4,938)
Provisions for liabilities
|
315,926
Net assets
231,828
12,000
12,000
188,974
126,202
6
114,952
93,626
315,926
231,828
Shareholders' funds
For the year ended 31 March 2019 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 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his 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 applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 28 November 2019 and were signed by:
|
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For the year ended 31 March 2019
Hanover Business Centres Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2019
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 2019
Hanover Business Centres Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
618,359
35,631
582,728
62,772
-
62,772
645,500
35,631
681,131
Provision for depreciation and impairment
|
7,537
7,537
-
Charge for year
356
356
-
7,893
7,893
-
645,500
27,738
673,238
582,728
28,094
610,822
3
.
Trade and other receivables
|
2018
2019
8,503
7,495
4
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
6,770
3,724
Taxation and social security
|
2,943
1,595
Accruals and deferred income
|
2,020
2,468
9,412
9,981
21,145
17,768
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
369,347
341,357
Directors
'
loan accounts
|
4 of 5
For the year ended 31 March 2019
Hanover Business Centres Ltd
Notes to the Financial Statements Continued
Revaluation reserve at
01
April
2018
|
126,202
Revaluation of fixed assets
|
62,772
188,974
Revaluation reserve at
31
March
2019
|
7
.
Average number of persons employed
|
During the year the average number of employees was 2 (2018 : 2)
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