Company Registration No. 00544294 (England and Wales)
C. HOCKLEY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
C. HOCKLEY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
C. HOCKLEY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
100,000
100,000
Current assets
Debtors
22,380
10,363
Cash at bank and in hand
5,765
16,011
28,145
26,374
Creditors: amounts falling due within one year
(1,696)
(2,579)
Net current assets
26,449
23,795
Total assets less current liabilities
126,449
123,795
Capital and reserves
Called up share capital
3
4,375
4,375
Share premium account
687
687
Revaluation reserve
84,569
84,569
Profit and loss account
36,818
34,164
Shareholders' funds
126,449
123,795
For the financial year ended 29 February 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 29 November 2016
LA Key
Director
Company Registration No. 00544294
C. HOCKLEY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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 rents received in the year.
rents received in the year.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
1.5
Certain of the company's properties are held for long-term investment. Investment properties are
accounted for in accordance with the FRSSE, as follows:
No depreciation is provided in respect of investment properties and they are revalued annually. The
surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original
cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is
recognised in the profit and loss account for the year.
This treatment as regards the company's investment properties may be a departure from the
requirements of the Companies Act concerning the depreciation of fixed assets. However, these
properties are not held for consumption but for investment and the directors consider that systematic
annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the
financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors
reflected in the annual valuation and the amount which might otherwise have been shown cannot be
separately identified or quantified.
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 March 2015 & at 29 February 2016
100,000
At 28 February 2015
100,000
C. HOCKLEY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4,375 Ordinary of £1 each
4,375
4,375