Hogel Advisory Limited - Period Ending 2016-01-31

Registration number: 09376019 (England and Wales)

Hogel Advisory Limited

Director's Report and Unaudited Financial Statements

for the Period from 6 January 2015 to 31 January 2016

 

Hogel Advisory Limited
Contents

Company Information   1

Director's Report   2

Profit and Loss Account   3

Balance Sheet   4

Notes to the Financial Statements   5 to 8

Hogel Advisory Limited
Company Information

Director

L Hogel (appointed 6 January 2015)

Registered office

Top Floor, 44 Marlborough Place London NW8 0PL

Accountants

Harmer Slater Limited Chartered Accountants Salatin House 19 Cedar Road Sutton Surrey SM2 5DA

Page 1

Hogel Advisory Limited
Director's Report for the Period from 6 January 2015 to
31 January 2016

The director presents her report and the unaudited financial statements for the period from 6 January 2015 to 31 January 2016 .

Incorporation

The company was incorporated and commenced trading on 6 January 2015

Principal activity

The principal activity of the company is that of consultancy services.

Director of the company

The director who held office during the period and up to the date of signing these financial statements was as follows:

L Hogel (appointed 6 January 2015)

Small company provisions

The director has taken advantage of the small companies’ exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the Director's Report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.

Approved by the Board on 4 October 2016 and signed on its behalf by:

.........................................
L Hogel
Director

Page 2

Hogel Advisory Limited
 Profit and Loss Account for the Period from 6 January 2015 to
31 January 2016

		Note			6 Jan 15 to 31 Jan 16 £
Turnover					73,962
Administrative expenses					(6,007)
Operating profit		2			67,955
Profit on ordinary activities before taxation					67,955
Tax on profit on ordinary activities		4			(13,514)
Profit for the financial period					54,441

The notes on pages 5 to 8 form an integral part of these financial statements.
Page 3

Hogel Advisory Limited
(Registration number: 09376019)
Balance Sheet at 31 January 2016

		Note			31 Jan 16 £
Fixed assets
Tangible fixed assets		5			397
Current assets
Debtors		6			2,700
Cash at bank and in hand					31,190
					33,890
Creditors: Amounts falling due within one year		7			(17,845)
Net current assets					16,045
Net assets					16,442
Capital and reserves
Called up share capital		8			1
Profit and loss reserve		10			16,441
Shareholder's funds					16,442

The financial statements have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the period ending 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the director on 4 October 2016

.........................................
L Hogel
Director

The notes on pages 5 to 8 form an integral part of these financial statements.
Page 4

Hogel Advisory Limited
Notes to the Financial Statements
for the Period from 6 January 2015 to 31 January 2016
(continued)

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective January 2015). A summary of the significant accounting policies which have been consistently applied in the current and the preceding year is set out below. The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents the value of services supplied, net of value added tax.

Tangible fixed assets

Tangible fixed assets are recorded at historical cost less accumulated depreciation. Cost comprises the purchase price together with all expenses directly incurred in bringing the asset to its location and condition ready for use.

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
Office equipment	25% straight line

Taxation

Corporation tax payable is provided on taxable profits at the current rate of tax. Deferred tax is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income or expenditure in tax computations in periods different from those in which they are included in the financial statements. Deferred tax assets and liabilities are not discounted.

2	Operating profit

Operating profit is stated after charging:

		6 Jan 15 to 31 Jan 16 £
Depreciation of tangible fixed assets		132

Page 5

Hogel Advisory Limited
Notes to the Financial Statements
for the Period from 6 January 2015 to 31 January 2016
(continued)

3	Director's remuneration

No remuneration was paid to the director during the period.

4

Taxation

Tax on profit on ordinary activities

		6 Jan 15 to 31 Jan 16 £
Current tax
Corporation tax charge		13,514

Factors affecting current tax charge for the period

Tax on profit on ordinary activities for the year is lower than the standard rate of corporation tax in the UK of 20%.

The differences are reconciled below:

		6 Jan 15 to 31 Jan 16 £
Profit on ordinary activities before taxation		67,955
Corporation tax at standard rate		13,591
Capital allowances in excess of depreciation		(80)
Expenses not deductible for tax purposes		3
Total current tax		13,514

Page 6

Hogel Advisory Limited
Notes to the Financial Statements
for the Period from 6 January 2015 to 31 January 2016
(continued)

5	Tangible fixed assets

		Office equipment £
Cost
Additions		529
Depreciation
Charge for the period		132
Net book value
At 31 January 2016		397

6

Debtors

		31 Jan 16 £
Trade debtors		2,700

7	Creditors: Amounts falling due within one year

		31 Jan 16 £
Corporation tax		13,514
Social security and other taxes		2,938
Director's current account		733
Accrued expenses		660
		17,845

Page 7

Hogel Advisory Limited
Notes to the Financial Statements
for the Period from 6 January 2015 to 31 January 2016
(continued)

8	Share capital

Allotted, called up and fully paid shares

	31 Jan 16
	No.	£
Ordinary share of £1	1	1

New shares allotted

During the period 1 Ordinary share having an aggregate nominal value of £1 was allotted for an aggregate consideration of £1 .

9

Dividends

		31 Jan 16 £
Dividends paid		38,000

10

Reserves

		Profit and loss reserve £
Profit for the period		54,441
Dividends		(38,000)
		16,441

11	Related party transactions

At 31 January 2016 the director, L Hogel was owed £733 by the company. The loan is interest free and has no fixed repayment date or repayment schedule.

12

Control

The company is controlled by the director who owns 100% of the called up share capital.

Page 8