Hautot Developments Limited - Period Ending 2018-12-31
Hautot Developments Limited - Period Ending 2018-12-31
Year Ended
Registration number:
Hautot Developments Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Hautot Developments Limited
Company Information
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Directors |
Mrs J I Hautot Mr G N Hautot Mr P G Hautot |
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Registered office |
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Accountants |
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Page 1 |
Hautot Developments Limited
Balance Sheet
31 December 2018
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2017 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 09539951
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Page 2 |
Hautot Developments Limited
Notes to the Financial Statements
Year Ended 31 December 2018
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal place of business is:
Hillcrest
Higher Trencreek
Newquay
TR8 4NN
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 Section 1A and the Companies Act 2006. There are no material departures from FRS 102 Section 1A.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Tax
Tax is recognised in the profit or less, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised on all timing differences at the balance sheet ddate unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Stocks
Stock of land is stated at the lower of purchase cost and net realisable value.
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Page 3 |
Hautot Developments Limited
Notes to the Financial Statements
Year Ended 31 December 2018
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. This depends on the continued financial support of the company's directors. The directors have prepared the financial statements on a going concern basis, on the understanding that they will continue to provide financial support if it is required and, accordingly, the financial statements do not include any adjustments that would result if this support were not forthcoming.
Financial instruments
The company holds the following financial instruments, all of which meet the conditions to be classified as basic financial instruments:
• Short term trade and other debtors and creditors; and
• Loans to and from related parties
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Loans to and from related parties
Loans to and from related parties are initially recorded at transaction price, including transaction costs. Non-interest bearing loans repayable on demand are measured at transaction price.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Debtors |
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2017 |
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Other debtors |
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Page 4 |
Hautot Developments Limited
Notes to the Financial Statements
Year Ended 31 December 2018
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Creditors |
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2018 |
2017 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Accrued expenses |
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Page 5 |