Company No:
Contents
DIRECTORS | Mrs C J Holmes |
Mr B H Holmes | |
SECRETARY | Mrs C J Holmes |
REGISTERED OFFICE | Salt Quay House |
4 North East Quay | |
Sutton Harbour | |
Plymouth | |
PL4 0BN | |
United Kingdom | |
COMPANY NUMBER | 10789709(England and Wales) |
CHARTERED ACCOUNTANTS | Bishop Fleming LLP |
Salt Quay House | |
4 North East Quay | |
Sutton Harbour | |
Plymouth | |
PL4 0BN |
We are subject to the ethical and other professional requirements of the Institute of Chartered Accountants in England and Wales (ICAEW) which are detailed at _http://www.icaew.com/en/members/regulations-standards-and-guidance/_.
It is your duty to ensure that HCRT Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HCRT Limited. You consider that HCRT Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of HCRT Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
4 North East Quay
Sutton Harbour
Plymouth
PL4 0BN
2020 | 2019 | |||
Note | £ | £ | ||
Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand |
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206,755 | 127,863 | |||
Creditors | ||||
Amounts falling due within one year | 4 | (
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Net current assets | 186,266 | 114,371 | ||
Total assets less current liabilities | 186,266 | 114,371 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 5 |
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Profit and loss account |
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Total shareholders' funds |
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Directors’ responsibilities:
The financial statements of HCRT Limited (registered number:
Mr B H Holmes
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.
HCRT Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Salt Quay House, 4 North East Quay, Sutton Harbour, Plymouth, PL4 0BN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of HCRT Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.
2020 | 2019 | |
Number | Number | |
Monthly average number of persons employed by the Company during the year, including directors |
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2020 | 2019 | |
£ | £ | |
Other debtors |
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2020 | 2019 | |
£ | £ | |
Accruals |
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Corporation tax |
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Other taxation and social security |
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2020 | 2019 | |
£ | £ | |
Allotted, called-up and fully-paid | ||
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2 | 2 |
At the year end, the Company was owed £63,030 (2019: £63,030) by a Company controlled by the son of the Company's Shareholder Directors.
At the year end, the Company was owed £40,000 (2019: £10,000) by a Company controlled by the Company's Shareholder Directors.
2020 | 2019 | |
£ | £ | |
Exceptional income - waiver of loan from company under common control | 0 | (63,030) |