R H C Hughes Limited - Accounts to registrar (filleted) - small 18.2
R H C Hughes Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2020 |
| for |
| R H C Hughes Limited |
| R H C Hughes Limited (Registered number: 06866536) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| R H C Hughes Limited |
| Company Information |
| for the Year Ended 31 March 2020 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Pinnacle Way |
| Pride Park |
| Derby |
| Derbyshire |
| DE24 8ZS |
| R H C Hughes Limited (Registered number: 06866536) |
| Balance Sheet |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Fair value reserve | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| R H C Hughes Limited (Registered number: 06866536) |
| Balance Sheet - continued |
| 31 March 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| R H C Hughes Limited (Registered number: 06866536) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2020 |
| 1. | STATUTORY INFORMATION |
| R H C Hughes Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the company's share of the profits of the partnership Brown & Co. |
| Goodwill |
| Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows: |
| Goodwill - ten years |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Investments |
| Investments are included at fair value. Changes in fair value are recognised in the fair value reserve. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2019 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2020 |
| AMORTISATION |
| At 1 April 2019 |
| Amortisation for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| R H C Hughes Limited (Registered number: 06866536) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 4. | INTANGIBLE FIXED ASSETS - continued |
| Goodwill arose on the purchase of the company's share in Brown & Co. |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 April 2019 |
| Revaluations | ( |
) |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| Cost or valuation at 31 March 2020 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2018 | 624 |
| Valuation in 2019 | 1,372 |
| Valuation in 2020 | (3,656 | ) |
| Cost | 70,300 |
| 68,640 |
| Fixed asset investments were valued on an open market basis on 31 March 2020 by Prudential plc . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Due from Brown & Co |
| Director's current account | 2,168 | 2,899 |
| Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly. |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accruals |
| R H C Hughes Limited (Registered number: 06866536) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans more 5 yrs non-inst | - | 10,000 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 9. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax | - | 339 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2019 |
| Provided during year | ( |
) |
| Balance at 31 March 2020 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 200 | 1 |
| (2019 - 1 ) |
| 199 Ordinary shares of £1 were issued during the year |
| 11. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 April 2019 |
| Surplus / (deficit) on |
| revaluation of fixed asset |
| investments | (1,996 | ) |
| Deferred tax on unrealised |
| surplus on revaluation |
| of fixed asset investments | 339 |
| At 31 March 2020 |
| R H C Hughes Limited (Registered number: 06866536) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019: |
| 2020 | 2019 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.5% per annum. |