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

REGISTERED NUMBER: 03321717 (England and Wales)

Hind Consultancy Services Limited

Unaudited Financial Statements

for the Year Ended 31 December 2018

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

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

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.

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 2019 and were signed by:

N D Hind - Director

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.

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

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

-

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.