Abbreviated Company Accounts - HURCOTT LIMITED

07952825 HURCOTT LIMITED 2014-02-28 false 2013-03-01 2014-02-28 true 07952825 2013-03-01 2014-02-28 07952825 2014-02-28 07952825 2013-02-28 07952825 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 07952825 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 iso4217:GBP shares

Registered Number 07952825

HURCOTT LIMITED

Abbreviated Accounts

28 February 2014

HURCOTT LIMITED Registered Number 07952825

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	380	759
Investments	3	96,202	-
		96,582	759
Current assets
Debtors		21,967	16,596
Cash at bank and in hand		207,952	111,904
		229,919	128,500
Creditors: amounts falling due within one year		(82,754)	(31,884)
Net current assets (liabilities)		147,165	96,616
Total assets less current liabilities		243,747	97,375
Total net assets (liabilities)		243,747	97,375
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		243,647	97,275
Shareholders' funds		243,747	97,375

For the year ending 28 February 2014 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.

Approved by the Board on 28 November 2014

And signed on their behalf by:
N P Preece, Director

HURCOTT LIMITED Registered Number 07952825

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of advisory services supplied during the year and rent receivable, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Equipment: 3 years straight line

Other accounting policies
Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Investment properties

Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.

2Tangible fixed assets

	£
Cost
At 1 March 2013	1,138
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	1,138
Depreciation
At 1 March 2013	379
Charge for the year	379
On disposals	-
At 28 February 2014	758
Net book values
At 28 February 2014	380
At 28 February 2013	759

3Fixed assets Investments
Investment Property

Value b/fwd 1 March 2013 - £Nil
Additions at cost - £86,196
Value c/fwd 28 February 2014 - £86,196

The 2014 valuations were made by N P Preece, the director, on an open market value for existing use basis.

Fixed asset investments

Value b/fwd 1 March 2013 - £Nil
Additions at cost - £10,006
Value c/fwd 28 February 2014 - £10,006

At the balance sheet date the market value of the investments was £10,934 (2013 - £Nil).

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100