HANBURY PROPERTIES (CHICHESTER) LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07327197 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

HANBURY PROPERTIES (CHICHESTER) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J N Godfrey

M C D Hobden

B H D Sampson

REGISTERED OFFICE:

17 Northgate

Chichester

West Sussex

PO19 1BJ

REGISTERED NUMBER:

07327197 (England and Wales)

ACCOUNTANTS:

James Todd & Co Limited

1 & 2 The Barn

Oldwick

West Stoke Road

Chichester

West Sussex

PO18 9AA

CURRENT ASSETS

Stocks

3,762,734

3,874,460

Debtors

4,524,940

9,157,736

Cash at bank

1,086,710

1,428,366

9,374,384

14,460,562

CREDITORS

Amounts falling due within one year

135,496

5,174,680

NET CURRENT ASSETS

9,238,888

9,285,882

TOTAL ASSETS LESS CURRENT LIABILITIES

9,238,888

9,285,882

CAPITAL AND RESERVES

Called up share capital

6

200

200

Retained earnings

9,238,688

9,285,682

SHAREHOLDERS' FUNDS

9,238,888

9,285,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 February 2019 and were signed on its behalf by:

J J N Godfrey - Director

M C D Hobden - Director

B H D Sampson - Director

1.	STATUTORY INFORMATION

HANBURY PROPERTIES (CHICHESTER) LIMITED is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A

"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in

the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been

prepared under the historical cost convention, and are in sterling (£), which is the functional currency

of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that

the company has adequate resources to continue in operational existence for the foreseeable future.

The directors therefore adopt the going concern basis of accounting in preparing the financial

statements.

Stocks and work in progress

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and a

proportion of fixed and variable overheads where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.

LOANS

An analysis of the maturity of loans is given below:

31.7.18

31.7.17

£

£

Amounts falling due within one year or on demand:

Bank loans

-

4,240,050

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.18

31.7.17

£

£

Bank loans

-

4,240,050

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.18

31.7.17

value:

£

£

200

Ordinary

1

200

200

7.	RELATED PARTY DISCLOSURES

Seaward Properties Limited is a company under common control. During the year a loan was

provided to Seaward Properties Limited of £216,857 (2017: Nil). At the year end there was a balance

due from Seaward Properties Limited of £1,513,482 (2017: £1,296,625) which is included within the

debtors section of the accounts (note 4).. B.H.D.Sampson is a Director of this company.

Hanbury (PM) Limited is a company under common control. During the year the company advanced

monies to Hanbury (PM) Limited amounting to £98,311 (2017: £101,689). At the year end there was

a balance due from Hanbury (PM) Limited of £200,000 (2017: £101,689) which is included within the

debtors section of the accounts (note 4). B.H.D.Sampson, M.C.D.Hobden and J.J.N.Godfrey are all

Directors of this company.

Seaward (Bognor Road) Limited is a company under common control. During the year the company

advanced monies to this company amounting to £Nil (2017: £15,584). At the year end there was a

balance due from Seaward (Bognor Road) Limited of £15,584 (2017: £15,584) which is included

within the debtors section of the accounts (note 4). B.H.D.Sampson and M.C.D.Hobden are Directors

of this company.