HEMPEL_(EGHAM)_LTD - Accounts

HEMPEL (EGHAM) LTD - Company Information

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Company Registration No. 07529545 (England and Wales)

HEMPEL (EGHAM) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

HEMPEL (EGHAM) LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

HEMPEL (EGHAM) LTD

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,740,000

Current assets

Debtors

291,218

92,470

Cash at bank and in hand

631,076

97,471

922,294

189,941

Creditors: amounts falling due within one year

(633,653)

(2,102,000)

Net current assets/(liabilities)

288,641

(1,912,059)

Total assets less current liabilities

288,641

827,941

Creditors: amounts falling due after more than one year

(886,165)

288,641

(58,224)

Capital and reserves

Called up share capital

Revaluation reserve

764,554

Profit and loss account

288,640

(822,779)

Shareholders' funds

288,641

(58,224)

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 September 2017

Mr S S Sandhu

Director

Company Registration No. 07529545

HEMPEL (EGHAM) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for property related income net of VAT.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is 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 of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost

At 1 September 2015

2,740,000

Disposals

(2,740,000)

At 31 August 2016

At 31 August 2015

2,740,000

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £943,665).