HANBURY PROPERTIES (CHICHESTER) LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 07327197 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

HANBURY PROPERTIES (CHICHESTER) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

3,874,460

3,610,778

Debtors

16,662,044

34,612

Cash at bank

2,026,534

262,090

22,563,038

3,907,480

CREDITORS

Amounts falling due within one year

5,053,042

2,285,310

NET CURRENT ASSETS

17,509,996

1,622,170

TOTAL ASSETS LESS CURRENT LIABILITIES

17,509,996

1,622,170

CREDITORS

Amounts falling due after more than one year

2

8,080,250

1,300,000

NET ASSETS

9,429,746

322,170

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

9,429,546

321,970

SHAREHOLDERS' FUNDS

9,429,746

322,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 December 2016 and were signed on its behalf by:

J J N Godfrey - Director

M C D Hobden - Director

B H D Sampson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

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.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation

computations in period different from those in which they are included in the company's accounts.

Deferred tax is provided in full on timing differences which result in an obligation to pay more (or

less) tax at a future date, at the average tax rates that are expected to apply when the timing

differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where

there is no commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.7.16

31.7.15

£

£

Repayable otherwise than by instalments

8,080,250

1,300,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

200

Ordinary

1

200

200

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year ended 31st July 2015, the following amounts were owed to the directors:

Mr B Sampson £Nil (2015: £110,906)

Mr M Hobden £471,500 (2015: £333,939)

Mr J Godfrey £825,125 (2015: £230,158)

These amounts are shown as a directors' loan and are still outstanding at the year end. The advances

are interest free and have no set repayment date.