Hungerford Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06675798 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Hungerford Management Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Current assets

Debtors

4

1,253,148

804,993

Cash at bank

1,127

108,873

1,254,275

913,866

Creditors

Amounts falling due within one year

5

998,218

682,447

Net current assets

256,057

231,419

Total assets less current liabilities

256,057

231,419

Capital and reserves

Called up share capital

2,000

2,000

Retained earnings

254,057

229,419

Shareholders' funds

256,057

231,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 19 December 2019 and were signed on its behalf by:

R J Grievson - Director

1.	Statutory information

Hungerford Management Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address are as below:

Registered number:

06675798

Registered office:

Ship House

35 Battersea Square

London

SW11 3RA

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.

Turnover

Turnover represents the value, net of value added tax, of properties sold and work carried out in

respect of services provided to clients.

3.	Employees and directors

The average number of employees during the year was 5 (2018 - 5 ) .

4.

Debtors: amounts falling due within one year

2019

2018

£

£

Amounts owed by associates

1,208,256

794,556

Other debtors

8,000

8,365

VAT

36,892

2,072

1,253,148

804,993

5.

Creditors: amounts falling due within one year

2019

2018

£

£

Amounts owed to associates

22,000

22,000

Corporation tax

5,838

-

Other creditors

970,380

660,447

998,218

682,447

6.	Related party disclosures

Southern Residential LP

A business in which the directors have an interest

During the period management fees of £348,966 (2018 - £3366,605) were charged to the related party.

Southern Management Limited

A company in which 4 of the directors have an interest

During the period, costs of £150,000 (2018 - £150,000) were recharged by the related party. At the

balance sheet date there was an amount of £1,089,408 (2018 - £675,708) due from the related party,

with accrued costs payable to the related party of £968,880 (2018 - £656,104).

Hungerford Investments LLP

An LLP in which 4 of the directors are designated members

2019

2018

£

£

Amount due from related party at the balance sheet date

118,848

118,848

The Creeship Partnership

A business in which 3 of the directors are partners

2019

2018

£

£

Amount due to related party at the balance sheet date

22,000

22,000

7.	Ultimate controlling party

The directors, who are also shareholders of the company, are together the ultimate controlling party.