Hawksworth Retail Asset Management Limited - Period Ending 2014-12-31

Hawksworth Retail Asset Management Limited - Period Ending 2014-12-31


Hawksworth Retail Asset Management LimitedSC390738falsetrue2014-01-012014-12-312014-12-31SC3907382014-01-012014-12-31SC3907382014-12-31SC390738uk-bus:OrdinaryShareClass1uk-bus:Non-cumulativeShares2014-12-31SC390738uk-gaap:Subsidiary12014-12-31SC390738uk-bus:Director12014-01-012014-12-31SC390738uk-bus:OrdinaryShareClass1uk-bus:Non-cumulativeShares2014-01-012014-12-31SC390738uk-bus:EntityAccountantsOrAuditors2014-01-012014-12-31SC390738uk-gaap:Subsidiary12014-01-012014-12-31SC390738uk-gaap:Subsidiary1uk-countries:AllCountries2014-01-012014-12-31SC390738uk-gaap:FixturesFittings2014-01-012014-12-31SC390738uk-gaap:OfficeEquipment2014-01-012014-12-31SC3907382013-12-31SC3907382013-12-31SC390738uk-bus:OrdinaryShareClass1uk-bus:Non-cumulativeShares2013-12-31iso4217:GBPxbrli:purexbrli:shares

Registration number: SC390738

Hawksworth Retail Asset Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Glen Drummond Limited
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

 

Hawksworth Retail Asset Management Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hawksworth Retail Asset Management Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hawksworth Retail Asset Management Limited for the year ended 31 December 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. 2 to 4

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Hawksworth Retail Asset Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hawksworth Retail Asset Management Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Institue of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hawksworth Retail Asset Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hawksworth Retail Asset Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hawksworth Retail Asset Management Limited. You consider that Hawksworth Retail Asset Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hawksworth Retail Asset Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

......................................

Glen Drummond Limited
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

10 September 2015

 

Hawksworth Retail Asset Management Limited
(Registration number: SC390738)
Abbreviated Balance Sheet at 31 December 2014

   

Note

   

2014
£

   

2013
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

394

   

1,088

 

Current assets

 

             

Debtors

 

   

50,185

   

44,082

 

Cash at bank and in hand

 

   

230,441

   

120,382

 
   

   

280,626

   

164,464

 

Creditors: Amounts falling due within one year

 

   

(50,698)

   

(23,093)

 

Net current assets

 

   

229,928

   

141,371

 

Total assets less current liabilities

 

   

230,322

   

142,459

 

Provisions for liabilities

 

   

(79)

   

(217)

 

Net assets

 

   

230,243

   

142,242

 

Capital and reserves

 

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

 

   

230,242

   

142,241

 

Shareholders' funds

 

   

230,243

   

142,242

 

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 10 September 2015 and signed on its behalf by:

.........................................
R T Stevenson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Hawksworth Retail Asset Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts receivable for fees and services net of VAT provided during the period

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% straight line

Office equipment

33.33% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 January 2014

 

3,576

   

3,576

 

At 31 December 2014

 

3,576

   

3,576

 

Depreciation

           

At 1 January 2014

 

2,488

   

2,488

 

Charge for the year

 

694

   

694

 

At 31 December 2014

 

3,182

   

3,182

 

Net book value

           

At 31 December 2014

 

394

   

394

 

At 31 December 2013

 

1,088

   

1,088

 
 

Hawksworth Retail Asset Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings

0%

3

Share capital

Allotted, called up and fully paid shares

 

2014

2013

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

1

   

1

   

1

   

1

 
                         

4

Control

The company is controlled by Hawksworth Retail Group Limited.Hawksworth Retail Group Limited is a company registered in Scotland. The ultimate controlling party is the directors.