HANBURY PROPERTIES (CHICHESTER) LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07327197 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2019 TO 31 MARCH 2020

FOR

HANBURY PROPERTIES (CHICHESTER) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J N Godfrey

M C D Hobden

B H D Sampson

REGISTERED OFFICE:

17 Northgate

Chichester

West Sussex

PO19 1BJ

REGISTERED NUMBER:

07327197 (England and Wales)

ACCOUNTANTS:

James Todd & Co Limited

1 & 2 The Barn

Oldwick

West Stoke Road

Chichester

West Sussex

PO18 9AA

CURRENT ASSETS

Stocks

4,224,441

3,666,054

Debtors

1,261,131

3,352,683

Cash at bank

2,438,256

3,227,332

7,923,828

10,246,069

CREDITORS

Amounts falling due within one year

2,494,944

2,843,157

NET CURRENT ASSETS

5,428,884

7,402,912

TOTAL ASSETS LESS CURRENT LIABILITIES

5,428,884

7,402,912

CAPITAL AND RESERVES

Called up share capital

4

200

200

Retained earnings

5,428,684

7,402,712

SHAREHOLDERS' FUNDS

5,428,884

7,402,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2020 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 and authorised for issue on 20 March 2021 and were signed on its behalf by:

J J N Godfrey - Director

M C D Hobden - Director

B H D Sampson - Director

1.	STATUTORY INFORMATION

HANBURY PROPERTIES (CHICHESTER) LIMITED 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, and are in sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents the amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other other taxes.

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and a proportion of fixed and variable overheads where appropriate.

Taxation

Taxation for the period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2019 - 2 ) .

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.7.19

value:

£

£

200

Ordinary

1

200

200

5.	RELATED PARTY DISCLOSURES

Relationship

31.7.19

Loaned

Repaid

31.3.20

£

£

£

£

Seaward Properties Limited

Common Control

920,604

-

(207,460

)

713,144

Hanbury (PM) Limited

Common Control

491,000

-

-

491,000

All the above balances are considered to be repayable on demand.