Company Registration No. 07737247 (England and Wales)
THE WHITE HART HAWES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
THE WHITE HART HAWES LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
THE WHITE HART HAWES LTD
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
13,204
14,704
Tangible assets
2
921,583
946,281
934,787
960,985
Current assets
Stocks
1,574
12,449
Debtors
6,711
3,408
Cash at bank and in hand
12,717
50,184
21,002
66,041
Creditors: amounts falling due within one year
(56,565)
(102,151)
Net current liabilities
(35,563)
(36,110)
Total assets less current liabilities
899,224
924,875
Creditors: amounts falling due after more than one year
3
(883,140)
(904,101)
Provisions for liabilities
(11,289)
(12,137)
4,795
8,637
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
4,695
8,537
Shareholders' funds
4,795
8,637
THE WHITE HART HAWES LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2016
31 July 2016
- 2 -
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 17 January 2017
Professor M Robinson
Director
Company Registration No. 07737247
THE WHITE HART HAWES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going concern
Having reviewed a 12 month period, the directors consider it appropriate to prepare the accounts on a going concern basis, due to the continued financial support of the directors.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over 10 years .
10 years
.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2% straight line
Plant and machinery
20% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015
15,000
1,025,829
1,040,829
Additions
-
8,251
8,251
At 31 July 2016
15,000
1,034,080
1,049,080
Depreciation
At 1 August 2015
296
79,549
79,845
Charge for the year
1,500
32,948
34,448
At 31 July 2016
1,796
112,497
114,293
Net book value
At 31 July 2016
13,204
921,583
934,787
At 31 July 2015
14,704
946,281
960,985
THE WHITE HART HAWES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 4 -
3
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
510,999
(536,708)
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
5
Related party relationships and transactions
Directors loan accounts
The directors have provided the company with working capital in the form of interest free loans. As at the 31st July 2016, and included within "Creditors: amounts falling due after more than one year", are the loans from the Directors to the company amounting to £261,721 (2015: £260,529), as follows:
Mr M R Kirkbride £15,329 (2015: £15,786)
Mrs P M Kirkbride £8,464 (2015: £5,752)
Professor Robinson £237,928 (2015: £238,991)