Company Registration No. 04825385 (England and Wales)
HBV (WEYBRIDGE)
MANAGEMENT LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2019
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
HBV (WEYBRIDGE) MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HBV (WEYBRIDGE) MANAGEMENT LIMITED
Company Registration No. 04825385
BALANCE SHEET
AS AT
30 JUNE 2019
30 June 2019
- 1 -
2019
2018
Notes
£
£
£
£
Current assets
Debtors
3
43,973
21,568
Cash at bank and in hand
20,357
24,818
64,330
46,386
Creditors: amounts falling due within one year
4
(63,857)
(42,219)
Net current assets
473
4,167
Capital and reserves
Called up share capital
473
473
Profit and loss reserves
-
3,694
Total equity
473
4,167
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 25 June 2020 and are signed on its behalf by:
P L Henry
Director
HBV (WEYBRIDGE) MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019
- 2 -
1
Accounting policies
Company information
HBV (Weybridge) Management Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration receivable for
service charges, and
is shown net of VAT
.
1.3
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2019
2018
Number
Number
Total
3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Outstanding service charges
1,665
7,980
Other debtors
42,308
13,588
43,973
21,568
HBV (WEYBRIDGE) MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2019
- 3 -
4
Creditors: amounts falling due within one year
2019
2018
£
£
Service charges paid in advance
31,948
10,695
Taxation and social security
1,607
57
Other creditors
30,302
31,467
63,857
42,219
5
Related party transactions
At the balance sheet date the company owed £23,711 (201
8
- £23,711) to Horizon Business Village (Weybridge) Limited. P L Henry ad S R Moore are directors of this company and Horizon Business Village (Weybridge) Limited.