REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED |
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31ST MARCH 2016 |
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FOR |
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HILDERSLEY BUSINESS PARK LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED |
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31ST MARCH 2016 |
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FOR |
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HILDERSLEY BUSINESS PARK LIMITED |
HILDERSLEY BUSINESS PARK LIMITED (REGISTERED NUMBER: 05395809) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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Company information | 1 |
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Abbreviated balance sheet | 2 |
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Notes to the abbreviated accounts | 4 |
HILDERSLEY BUSINESS PARK LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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HILDERSLEY BUSINESS PARK LIMITED (REGISTERED NUMBER: 05395809) |
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ABBREVIATED BALANCE SHEET |
31ST MARCH 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 2 |
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Current assets |
Debtors |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 3 |
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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 |
3 |
( |
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( |
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Provisions for liabilities | ( |
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Accruals and deferred income | ( |
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Net liabilities | ( |
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Capital and reserves |
Called up share capital | 4 |
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Profit and loss account | ( |
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Shareholders' funds | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps 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 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. |
HILDERSLEY BUSINESS PARK LIMITED (REGISTERED NUMBER: 05395809) |
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ABBREVIATED BALANCE SHEET - continued |
31ST MARCH 2016 |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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HILDERSLEY BUSINESS PARK LIMITED (REGISTERED NUMBER: 05395809) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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1. | Accounting policies |
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Basis of preparing the financial statements |
The balance sheet at the year end shows net liabilities of £215,309, which includes loans from the |
directors of £986,112. The directors confirm that they will continue to support the Company. |
Therefore they consider it appropriate to adopt the going concern basis in preparing these accounts. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation. |
Depreciation is provided at the following rates, in order to write off each asset over its estimated |
useful life; |
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Land & Buildings | 4% straight line |
Plant & Machinery | 25% straight line |
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Deferred tax |
Deferred tax arises as a result of including items of income & expenditure in tax computations in |
periods different from those in which they are included in the company's accounts. Deferred tax is |
provided in full on timing differences which result in an obligation to pay more (or less) tax at a |
future date, at the average tax rates that are expected to apply when the timing differences reverse, |
based on current tax rates and laws. Deferred tax is not provided on timing differences arising from |
the revaluation of fixed assets when there is no commitment to sell the asset. |
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Grants of a capital nature are credited to the Balance Sheet and amortised over the life of the assets |
to which they relate. |
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Investment properties |
Investment properties are valued at cost and depreciated on a straight line basis over 25 years. This |
is accordance with Companies Act 2006, however, it is a departure from SSAP19 and the FRSSE |
which specify that they should be valued at market value. However, the business park has yet to |
achieve full occupancy and is not yet yeilding a return on investment. Therefore, the Directors |
consider the adoption of this treatment is necessary to give a true and fair view. |
HILDERSLEY BUSINESS PARK LIMITED (REGISTERED NUMBER: 05395809) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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2. | Tangible fixed assets |
Total |
£ |
Cost |
At 1st April 2015 |
and 31st March 2016 |
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Depreciation |
At 1st April 2015 |
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Charge for year |
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At 31st March 2016 |
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Net book value |
At 31st March 2016 |
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At 31st March 2015 |
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3. | Creditors |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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31.3.16 | 31.3.15 |
£ | £ |
Repayable by instalments | 43,221 | 56,025 |
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4. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
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Ordinary shares | £1 |
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