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31/03/2021
2021-03-31
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No description of principal activities is disclosed
2020-02-24
Sage Accounts Production 2020 Update 1 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
12479780
2020-02-24
2021-03-31
12479780
2021-03-31
12479780
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2020-02-24
2021-03-31
12479780
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2021-03-31
12479780
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2021-03-31
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2021-03-31
12479780
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2021-03-31
12479780
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2021-03-31
12479780
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2021-03-31
12479780
core:ShareCapital
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12479780
core:RetainedEarningsAccumulatedLosses
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12479780
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12479780
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12479780
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2021-03-31
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2021-03-31
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2021-03-31
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2021-03-31
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2020-02-24
2021-03-31
Company registration number:
12479780
HL AT Limited
Unaudited filleted abridged financial statements
31 March 2021
HL AT Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
HL AT Limited
Directors and other information
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Directors
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Lisa Burley-Knox
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(Appointed 1 March 2020)
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Harriet Burley-Knox
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(Appointed 24 February 2020)
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Company number
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12479780
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Registered office
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55 Mulberry Trees
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Shepperton
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Middlesex
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TW17 8JL
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Accountants
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Alan James & Associates Limited
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1 Shepperton Marina
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Felix Lane
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Shepperton
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Middlesex
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TW17 8NS
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HL AT Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of HL AT Limited
Period ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HL AT Limited for the period ended 31 March 2021 which comprise the abridged statement of financial position and 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 HL AT Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of HL AT Limited and state those matters that we have agreed to state to the board of directors of HL AT 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 HL AT Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that HL AT 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 HL AT Limited. You consider that HL AT Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of HL AT 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.
Alan James & Associates Limited
Chartered Accountant
1 Shepperton Marina
Felix Lane
Shepperton
Middlesex
TW17 8NS
1 June 2021
HL AT Limited
Abridged statement of financial position
31 March 2021
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31/03/21
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Note
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£
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£
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Fixed assets
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Tangible assets
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4
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10,160
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_______
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10,160
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Current assets
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Debtors
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3,698
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Cash at bank and in hand
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40,085
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_______
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43,783
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Creditors: amounts falling due
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within one year
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(
41,642)
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_______
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Net current assets
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2,141
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_______
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Total assets less current liabilities
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12,301
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_______
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Net assets
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12,301
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_______
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Capital and reserves
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Called up share capital
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100
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Profit and loss account
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12,201
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_______
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Shareholders funds
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12,301
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_______
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For the period ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
01 June 2021
, and are signed on behalf of the board by:
Lisa Burley-Knox
Director
Company registration number:
12479780
HL AT Limited
Notes to the financial statements
Period ended 31 March 2021
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 55 Mulberry Trees, Shepperton, Middlesex, TW17 8JL.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment
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20 %
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reducing balance
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Computer equipment
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33.33 %
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reducing balance
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Tangible assets
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£
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Cost
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At 24 February 2020
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-
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Additions
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12,749
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_______
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At 31 March 2021
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12,749
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_______
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Depreciation
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At 24 February 2020
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-
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Charge for the year
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2,589
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_______
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At 31 March 2021
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2,589
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_______
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Carrying amount
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At 31 March 2021
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10,160
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_______
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5.
Directors advances, credits and guarantees
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During the period the directors entered into the following advances and credits with the company:
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Period ended 31/03/21
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Balance brought forward
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Advances /(credits) to the directors
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Balance o/standing
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£
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£
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£
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Lisa Burley-Knox
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-
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(
14,000)
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(
14,000)
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Harriet Burley-Knox
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-
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(
14,000)
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(
14,000)
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_______
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_______
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_______
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-
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(
28,000)
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(
28,000)
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_______
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_______
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_______
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