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REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS FOR THE PERIOD 30 MAY 2016 TO 28 MAY 2017 |
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FOR |
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THE HINDS HEAD LIMITED |
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REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS FOR THE PERIOD 30 MAY 2016 TO 28 MAY 2017 |
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FOR |
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THE HINDS HEAD LIMITED |
THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 MAY 2016 TO 28 MAY 2017 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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THE HINDS HEAD LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 30 MAY 2016 TO 28 MAY 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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Statutory Auditors |
Union House |
Walton Lodge |
Bridge Street |
Walton-on-Thames |
Surrey |
KT12 1BT |
THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216) |
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ABRIDGED BALANCE SHEET |
28 MAY 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 MAY 2016 TO 28 MAY 2017 |
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1. | STATUTORY INFORMATION |
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The Hinds Head Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements show net current liabilities of £309,330 (2016: £38,446) and have been prepared on the |
basis that the company is a going concern which is dependent on the company continuing to be supported by its |
holding company. The directors are of the opinion that the holding company will continue to support the company |
after the year end. The financial statements do not therefore reflect any adjustments that might be required if the |
support of the holding company and its bankers were withdrawn. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial |
Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with |
wholly owned subsidiaries within the group. |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the |
extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 MAY 2016 TO 28 MAY 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those |
in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been |
enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing |
difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
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Smallest parent company |
The smallest parent company which draws up consolidated financial statements, which the company is a member of, |
is SL6 Limited whose registered office is Unit B, Tectonic Place, Holyport Road, Maidenhead, Berkshire, SL6 2YE. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 30 May 2016 |
and 28 May 2017 |
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NET BOOK VALUE |
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At 28 May 2017 |
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At 29 May 2016 |
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THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 MAY 2016 TO 28 MAY 2017 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 30 May 2016 |
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Additions |
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Disposals | ( |
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At 28 May 2017 |
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DEPRECIATION |
At 30 May 2016 |
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Charge for period |
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Eliminated on disposal | ( |
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At 28 May 2017 |
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NET BOOK VALUE |
At 28 May 2017 |
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At 29 May 2016 |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank loans |
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The company's bankers have secured loans against the fixed assets of the company. |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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8. | CONTINGENT LIABILITIES |
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The company has provided an unlimited guarantee in respect of the bank loans of fellow subsidiaries. |
At the balance sheet date, these loans totalled £416,670 (2016: £498,750). |
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9. | RELATED PARTY DISCLOSURES |
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SL 6 Limited |
A fellow subsidiary. |
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At the balance sheet date £250,574 was owed to the company (2016: £83,846 owed by the company). |
THE HINDS HEAD LIMITED (REGISTERED NUMBER: 03676216) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 MAY 2016 TO 28 MAY 2017 |
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10. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
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In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the |
tax authorities and assist with the preparation of the financial statements. |
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In common with many other businesses of our size and nature we use our auditors to provide tax advice and to |
represent us, as necessary, at tax tribunals. |