C. Hockley Limited - Period Ending 2015-02-28

Registration number: 00544294

C. Hockley Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

C. Hockley Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

C. Hockley Limited
(Registration number: 00544294)
Abbreviated Balance Sheet at 28 February 2015

		Note			2015 £						2014 £
Fixed assets
Tangible fixed assets		2						100,000						100,000
Current assets
Debtors					10,363						397
Cash at bank and in hand					16,011						21,741
					26,374						22,138
Creditors: Amounts falling due within one year					(2,579)						(1,928)
Net current assets								23,795						20,210
Net assets								123,795						120,210
Capital and reserves
Called up share capital		3			4,375						4,375
Share premium account					687						687
Revaluation reserve					84,569						84,569
Profit and loss account					34,164						30,579
Shareholders' funds								123,795						120,210

For the year ending 28 February 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 25 November 2015 and signed on its behalf by:

.........................................
LA Key
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

C. Hockley Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... 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 rents received in the year.

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2014		100,000			100,000
At 28 February 2015		100,000			100,000
Depreciation
At 28 February 2015		-			-
Net book value
At 28 February 2015		100,000			100,000
At 28 February 2014		100,000			100,000

Page 2

C. Hockley Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		4,375			4,375			4,375			4,375

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
LA Key
Loan	17,000	7,000	-	-

Page 3