THC H Realisations Limited 28/04/2021 iXBRL

THC H Realisations Limited 28/04/2021 iXBRL

THC H REALISATIONS LIMITED - Company Information

Print Friendly Version

0 28/04/2021 2021-04-28 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2020-04-29 Sage Accounts Production 2020 Update 1 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 06236431 2020-04-29 2021-04-28 06236431 2021-04-28 06236431 2020-04-28 06236431 bus:RegisteredOffice 2020-04-29 2021-04-28 06236431 bus:LeadAgentIfApplicable 2020-04-29 2021-04-28 06236431 bus:Director1 2020-04-29 2021-04-28 06236431 core:WithinOneYear 2021-04-28 06236431 core:WithinOneYear 2020-04-28 06236431 core:ShareCapital 2021-04-28 06236431 core:ShareCapital 2020-04-28 06236431 core:RetainedEarningsAccumulatedLosses 2021-04-28 06236431 core:RetainedEarningsAccumulatedLosses 2020-04-28 06236431 core:CostValuation core:Non-currentFinancialInstruments 2021-04-28 06236431 core:Non-currentFinancialInstruments 2021-04-28 06236431 core:Non-currentFinancialInstruments 2020-04-28 06236431 bus:SmallEntities 2020-04-29 2021-04-28 06236431 bus:AuditExemptWithAccountantsReport 2020-04-29 2021-04-28 06236431 bus:AbridgedAccounts 2020-04-29 2021-04-28 06236431 bus:SmallCompaniesRegimeForAccounts 2020-04-29 2021-04-28 06236431 bus:PrivateLimitedCompanyLtd 2020-04-29 2021-04-28
Company registration number: 06236431
THC H Realisations Limited
Unaudited filleted abridged financial statements
28 April 2021
THC H Realisations Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
THC H Realisations Limited
Directors and other information
Directors Mr Matthew Harris
Company number 06236431
Registered office East Court Jubilee Road
Finchampstead
Wokingham
RG40 3SD
Accountants Bradbury Stell
Unit 2 Beverley Court
26 Elmtree Road
Teddington
Middlesex
TW11 8ST
THC H Realisations Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of THC H Realisations Limited
Year ended 28 April 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of THC H Realisations Limited for the year ended 28 April 2021 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
Bradbury Stell
Chartered Certified Accountants
Unit 2 Beverley Court
26 Elmtree Road
Teddington
Middlesex
TW11 8ST
31 December 2021
THC H Realisations Limited
Abridged statement of financial position
28 April 2021
2021 2020
Note £ £ £ £
Fixed assets
Investments 4 1,008,974 1,008,974
_______ _______
1,008,974 1,008,974
Creditors: amounts falling due
within one year ( 20,249) ( 19,713)
_______ _______
Net current liabilities ( 20,249) ( 19,713)
_______ _______
Total assets less current liabilities 988,725 989,261
_______ _______
Net assets 988,725 989,261
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 987,725 988,261
_______ _______
Shareholders funds 988,725 989,261
_______ _______
For the year ending 28 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 28 April 2021 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 31 December 2021 , and are signed on behalf of the board by:
Mr Matthew Harris
Director
Company registration number: 06236431
THC H Realisations Limited
Notes to the financial statements
Year ended 28 April 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is East Court Jubilee Road, Finchampstead, Wokingham, RG40 3SD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
£
Cost
At 29 April 2020 and 28 April 2021 1,008,974
_______
Impairment
At 29 April 2020 and 28 April 2021 -
_______
Carrying amount
At 28 April 2021 1,008,974
_______
At 28 April 2020 1,008,974
_______
5. Related party transactions
The company has taken advantage of the exemption available under FRS 102, Section 1A. Whereby, it has not disclosed transactions with its related parties as these occurred under normal market conditions. The transactions for the year relate to debtors and creditors only.
6. Controlling party
The ultimate controlling party is M C Harris, by virtue of his 90% shareholding in THC H Realisations Limited