SCOTT HAWKINS PROPERTY LTD Filleted accounts for Companies House (small and micro)

SCOTT HAWKINS PROPERTY LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2017-12-01 Sage Accounts Production Advanced 2018 Update 1 - FRS 121,036 177,962 298,998 298,998 121,036 xbrli:pure xbrli:shares iso4217:GBP 09891216 2017-12-01 2018-11-30 09891216 2018-11-30 09891216 2017-11-30 09891216 2017-11-30 09891216 bus:Director1 2017-12-01 2018-11-30 09891216 core:LandBuildings 2017-12-01 2018-11-30 09891216 core:WithinOneYear 2018-11-30 09891216 core:WithinOneYear 2017-11-30 09891216 core:AfterOneYear 2018-11-30 09891216 core:AfterOneYear 2017-11-30 09891216 core:ShareCapital 2018-11-30 09891216 core:ShareCapital 2017-11-30 09891216 core:RetainedEarningsAccumulatedLosses 2018-11-30 09891216 core:RetainedEarningsAccumulatedLosses 2017-11-30 09891216 core:LandBuildings 2018-11-30 09891216 core:LandBuildings 2017-11-30 09891216 core:LandBuildings 2017-11-30 09891216 bus:SmallEntities 2017-12-01 2018-11-30 09891216 bus:AuditExempt-NoAccountantsReport 2017-12-01 2018-11-30 09891216 bus:FullAccounts 2017-12-01 2018-11-30 09891216 bus:SmallCompaniesRegimeForAccounts 2017-12-01 2018-11-30 09891216 bus:PrivateLimitedCompanyLtd 2017-12-01 2018-11-30

COMPANY REGISTRATION NUMBER: 09891216

SCOTT HAWKINS PROPERTY LTD

Filleted Unaudited Financial Statements

30 November 2018

SCOTT HAWKINS PROPERTY LTD

Statement of Financial Position

30 November 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	4		298,998	121,036

Current assets

Debtors	5	–	19,110
Cash at bank and in hand		9,262	1,799
		-------	--------
		9,262	20,909

Creditors: amounts falling due within one year	6	31,104		37,269
		--------		--------
Net current liabilities			21,842	16,360
			---------	---------
Total assets less current liabilities			277,156	104,676

Creditors: amounts falling due after more than one year	7	265,772	97,646
		---------	---------
Net assets		11,384	7,030
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	11,382	7,028
	--------	-------
Shareholders funds	11,384	7,030
	--------	-------

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 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 statement of income and retained earnings has not been delivered.

For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SCOTT HAWKINS PROPERTY LTD

Statement of Financial Position (continued)

30 November 2018

These financial statements were approved by the board of directors and authorised for issue on 28 August 2019 , and are signed on behalf of the board by:

Mr S Hawkins
Director

Company registration number: 09891216

SCOTT HAWKINS PROPERTY LTD

Notes to the Financial Statements

Year ended 30 November 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brooks House, 1 Albion Place, Maidstone, Kent, ME14 5DY, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 December 2017	121,036
Additions	177,962
	---------
At 30 November 2018	298,998
	---------
Depreciation
At 1 December 2017 and 30 November 2018	–
	---------
Carrying amount
At 30 November 2018	298,998
	---------
At 30 November 2017	121,036
	---------

5. Debtors

	2018	2017
	£	£
Other debtors	–	19,110
	----	--------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Bank loans and overdrafts	–	5,900
Corporation tax	1,021	1,151
Social security and other taxes	436	722
Other creditors	29,647	29,496
	--------	--------
	31,104	37,269
	--------	--------

7. Creditors: amounts falling due after more than one year

	2018	2017
	£	£
Bank loans and overdrafts	238,272	97,646
Other creditors	27,500	–
	---------	--------
	265,772	97,646
	---------	--------