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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 January 2017 to 31 March 2018 |
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for |
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Hortanes Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 January 2017 to 31 March 2018 |
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for |
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Hortanes Limited |
Hortanes Limited (Registered number: 04862257) |
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Contents of the Financial Statements |
for the Period 1 January 2017 to 31 March 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Hortanes Limited |
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Company Information |
for the Period 1 January 2017 to 31 March 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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75 Springfield Road |
Chelmsford |
Essex |
CM2 6JB |
Hortanes Limited (Registered number: 04862257) |
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Balance Sheet |
31 March 2018 |
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31.12.16 | 31.3.18 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
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Investments | 3 |
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CURRENT ASSETS |
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Cash at bank |
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CREDITORS |
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Amounts falling due within one year | 4 |
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( |
) | NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
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Called up share capital | 5 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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 Sections 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. |
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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 director on
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Hortanes Limited (Registered number: 04862257) |
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Notes to the Financial Statements |
for the Period 1 January 2017 to 31 March 2018 |
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1. | STATUTORY INFORMATION |
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Hortanes 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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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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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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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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Hortanes Limited (Registered number: 04862257) |
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Notes to the Financial Statements - continued |
for the Period 1 January 2017 to 31 March 2018 |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2017 |
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Impairments | ( |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 December 2016 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.12.16 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.18 | 31.12.16 |
value: | £ | £ |
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Ordinary | 1 | 200 | 200 |
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Ordinary A | £1 | 2 | 2 |
202 | 202 |
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6. | CONTINGENT LIABILITIES |
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Barclays Bank plc hold an unlimited cross guarantee on the assets of Hortanes Limited for funds drawn by its |
subsidiary company Sydney Hart Limited. At the balance sheet date the liability under this guarantee was nil. |
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7. | RELATED PARTY DISCLOSURES |
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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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8. | POST BALANCE SHEET EVENTS |
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During the period, Sydney Hart Limited ceased to trade. In the coming year Sydney Hart Limited will be wound |
up. |