Hartspur Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC346278

HARTSPUR LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

1

1

CURRENT ASSETS

Debtors

5

25,223

23,527

CREDITORS

Amounts falling due within one year

6

1,156

1,062

NET CURRENT ASSETS

24,067

22,465

TOTAL ASSETS LESS CURRENT LIABILITIES

24,068

22,466

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

23,968

22,366

SHAREHOLDERS' FUNDS

24,068

22,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 27 January 2020 and were signed on its behalf by:

D Simpson - Director

1.	STATUTORY INFORMATION

Hartspur Limited is a private company, limited by shares, registered in Scotland. The company's registered office is Princes

Exchange, 1 Earl Grey Street, Edinburgh, EH3 9EE.

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

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.

There were no material departures from that standard.

Judgements

The company considers on an annual basis the judgements that are made by management when applying its significant

accounting policies that would have the most significant effect on amounts that are recognised in the financial statements.

The directors consider there are no such significant judgements.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and

liabilities like other accounts receivable and payable.

Debt instruments like other accounts receivable and payable are initially measured at present value of the future payments

and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable

within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted

amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of

impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged,

cancelled or expires.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated

using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of

certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing

differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised

only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from

which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a

non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based

on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented

either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that

resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Investments in participating interests

Investments in participating interests are stated at cost less impairment.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past

event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be

reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the

reporting date.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 May 2018

and 30 April 2019

1

NET BOOK VALUE

At 30 April 2019

1

At 30 April 2018

1

The company owns a 1% share in White Hart Partnership.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

25,223

23,527

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

376

282

Other creditors

780

780

1,156

1,062

7.	RELATED PARTY DISCLOSURES

The balance due to the company by White Hart Partnership at 30 April 2019 is £25,123 (2018 - £23,427). The amount due

is interest free, unsecured and repayable on demand.