Hendrix Twig Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08938434 (England and Wales)

HENDRIX TWIG LTD

Unaudited Financial Statements for the Year Ended 31 December 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I M Mulingani

A R J Catlin

REGISTERED OFFICE:

Holly Grange

Holly Lane

Balsall Common

West Midlands

CV7 7EB

REGISTERED NUMBER:

08938434 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Investment property

3

1,367,595

1,367,595

CURRENT ASSETS

Debtors

18,572

108,753

Cash at bank

6,258

8,392

24,830

117,145

CREDITORS

Amounts falling due within one year

541,290

574,173

NET CURRENT LIABILITIES

(516,460

)

(457,028

)

TOTAL ASSETS LESS CURRENT LIABILITIES

851,135

910,567

CREDITORS

Amounts falling due after more than one year

4

706,375

768,641

NET ASSETS

144,760

141,926

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

144,660

141,826

SHAREHOLDERS' FUNDS

144,760

141,926

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 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 December 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 26 March 2019 and were signed on its behalf by:

I M Mulingani - Director

1.	STATUTORY INFORMATION

Hendrix Twig Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's principal activity is that of a property rental company.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2018

and 31 December 2018

1,367,595

NET BOOK VALUE

At 31 December 2018

1,367,595

At 31 December 2017

1,367,595

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2018

2017

£

£

Repayable by instalments

Bank loans more 5 yr by instal

561,852

603,029

5.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

761,201

836,616

The bank loan is secured against the property owned by the company.