Hind Consultancy Services Limited - Accounts to registrar (filleted) - small 18.2

Hind Consultancy Services Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 03321717(England and Wales)











Hind Consultancy Services Limited

Unaudited Financial Statements

for the Year Ended 31 December 2018






Hind Consultancy Services Limited (Registered number: 03321717)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Hind Consultancy Services Limited

Company Information
for the Year Ended 31 December 2018







Director: N D Hind





Registered office: Tower House
Nursery Lane
Harrogate
North Yorkshire
HG2 0AZ





Registered number: 03321717(England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Hind Consultancy Services Limited (Registered number: 03321717)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £   
Fixed assets
Tangible assets 4 10,135 1,590
Investments 5 44,942 49,877
Investment property 6 672,401 480,000
727,478 531,467

Current assets
Debtors 7 594 230
Investments 8 330 320
Cash at bank 47,547 50,417
48,471 50,967
Creditors
Amounts falling due within one year 9 (49,788 ) (10,783 )
Net current (liabilities)/assets (1,317 ) 40,184
Total assets less current liabilities 726,161 571,651

Creditors
Amounts falling due after more than one
year

10

(119,574

)

-

Provisions for liabilities (15,000 ) (15,300 )
Net assets 591,587 556,351

Capital and reserves
Called up share capital 2 2
Fair value reserve 11 138,493 143,118
Retained earnings 453,092 413,231
Shareholders' funds 591,587 556,351

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

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

The director acknowledges his 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.

Hind Consultancy Services Limited (Registered number: 03321717)

Balance Sheet - continued
31 December 2018


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.

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

The financial statements were approved by the director on 3 May 2019and were signed by:





N D Hind- Director


Hind Consultancy Services Limited (Registered number: 03321717)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. Statutory information

Hind Consultancy Services 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair
value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the
generally accepted accounting principle set out in FRS 102. The director considers that, because investment
properties are not held for consumption, but for their investment potential, to depreciate them would not give a
true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit
for the financial year would have been reduced by depreciation. However the amount of depreciation cannot
reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and
the amount relating to the depreciation of the property cannot be separately identified.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Hind Consultancy Services Limited (Registered number: 03321717)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company does not operate a company pension scheme but makes contributions to a personal pension scheme
of the director. Contributions payable for the year are charged in the profit and loss account.

Fixed and current asset investments
Fixed and current asset investments are stated at fair value. Changes in fair value are recognised in profit or loss.

3. Employees and directors

The average number of employees during the year was 1(2017 - 1) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2018 14,236
Additions 12,989
Disposals (10,507 )
At 31 December 2018 16,718
Depreciation
At 1 January 2018 12,646
Charge for year 3,378
Eliminated on disposal (9,441 )
At 31 December 2018 6,583
Net book value
At 31 December 2018 10,135
At 31 December 2017 1,590

5. Fixed asset investments
Other
investments
£   
Cost or valuation
At 1 January 2018 49,877
Valuation changes (4,935 )
At 31 December 2018 44,942
Net book value
At 31 December 2018 44,942
At 31 December 2017 49,877


Hind Consultancy Services Limited (Registered number: 03321717)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

6. Investment property
Total
£   
Fair value
At 1 January 2018 480,000
Additions 192,401
At 31 December 2018 672,401
Net book value
At 31 December 2018 672,401
At 31 December 2017 480,000

Fair value at 31 December 2018 is represented by:

£   
Valuation in 2018 672,401

If the investment properties had not been revalued they would have been included at the following historical
cost:

31.12.18 31.12.17
£    £   
Cost 526,050 333,649

The investment properties were valued on an open market basis basis on 31 December 2018 by the director .

7. Debtors: amounts falling due within one year
31.12.18 31.12.17
£    £   
Other debtors 594 230

8. Current asset investments
31.12.18 31.12.17
£    £   
Listed investments 330 320

9. Creditors: amounts falling due within one year
31.12.18 31.12.17
£    £   
Bank loans and overdrafts 22,248 -
Taxation and social security 24,057 7,080
Other creditors 3,483 3,703
49,788 10,783

10. Creditors: amounts falling due after more than one year
31.12.18 31.12.17
£    £   
Bank loans 119,574 -

Hind Consultancy Services Limited (Registered number: 03321717)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

10. Creditors: amounts falling due after more than one year - continued
31.12.18 31.12.17
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable after more than five
years

26,350

-

11. Reserves
Fair
value
reserve
£   
At 1 January 2018 143,118
Transfer to retained earnings (4,625 )

At 31 December 2018 138,493

12. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2018 and
31 December 2017:

31.12.18 31.12.17
£    £   
N D Hind
Balance outstanding at start of year 184 1,033
Amounts advanced - 4,359
Amounts repaid (184 ) (5,208 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 184

The loan was interest free and repaid before 31 December 2018.