Company Registration No. 11219564 (England and Wales)
AH COMMERCIAL (HEREFORD) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
PAGES FOR FILING WITH REGISTRAR
AH COMMERCIAL (HEREFORD) LIMITED
COMPANY INFORMATION
Directors
Mr S P Dodd
Ms J E Freeman
Mr J Rudge
Company number
11219564
Registered office
St Pauls House
23 St Pauls Square
Birmingham
West Midlands
B3 1RB
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
AH COMMERCIAL (HEREFORD) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
AH COMMERCIAL (HEREFORD) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AH COMMERCIAL (HEREFORD) LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2021
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AH Commercial (Hereford) Limited for the year ended 30 November 2021 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of AH Commercial (Hereford) Limited, as a body, in accordance with
our
terms
of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AH Commercial (Hereford) Limited
and state those matters that we have agreed to state to the Board of Directors of AH Commercial (Hereford) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AH Commercial (Hereford) Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that AH Commercial (Hereford) 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 AH Commercial (Hereford) Limited. You consider that AH Commercial (Hereford) Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of AH Commercial (Hereford) 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.
Ormerod Rutter Limited
31 May 2022
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
AH COMMERCIAL (HEREFORD) LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2021
30 November 2021
- 2 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investment properties
3
1,024,998
Current assets
Debtors
4
556,896
Cash at bank and in hand
1
556,896
1
Creditors: amounts falling due within one year
5
(930)
(1,024,998)
Net current assets/(liabilities)
555,966
(1,024,997)
Total assets less current liabilities
555,966
1
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
555,965
Total equity
555,966
1
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 November 2021 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 31 May 2022 and are signed on its behalf by:
Mr S P Dodd
Director
Company Registration No. 11219564
AH COMMERCIAL (HEREFORD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 3 -
1
Accounting policies
Company information
AH Commercial (Hereford) Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
St Pauls House, 23 St Pauls Square, Birmingham, West Midlands, B3 1RB.
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 have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for
rents pro
vided in the normal course of business
, and
is shown net of VAT and other sales related taxes
. The fair value of consideration takes into account any lease premiums or rent free periods, which are recognised on a straight line basis over the lease term.
1.3
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure
. Subsequently it is measured
at fair value a
t
the reporting end date.
The surplus or deficit on revaluation is recognised in profit or loss.
1.4
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 3
(2020 - 3).
3
Investment property
2021
£
Fair value
At 1 December 2020
Additions
1,024,998
Disposals
(1,024,998)
At 30 November 2021
AH COMMERCIAL (HEREFORD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 4 -
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
556,146
Other debtors
750
556,896
5
Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings
1,024,998
Other creditors
930
930
1,024,998
6
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary A of £1 each
1
1
1
1
7
Related party transactions
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.
8
Control
Ultimate parent company
The ultimate parent company is FRD Associates Limited, a company registered in England and Wales.
Ultimate controlling party
There is no ultimate controlling party due to there being no controlling party in the ultimate parent company.