Homulle & Hazen Property Investment Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08445099 (England and Wales)

Financial Statements

for the Year Ended 31 March 2017

for

HOMULLE & HAZEN PROPERTY INVESTMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L M Hazen

Ms L J G Homulle

REGISTERED OFFICE:

Milton House

33a Milton Road

Hampton

Middlesex

TW12 2LL

REGISTERED NUMBER:

08445099 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

Milton House

33a Milton Road

Hampton

Middlesex

TW12 2LL

FIXED ASSETS

Intangible assets

3

701

1,400

Tangible assets

4

3,731

-

Investments

5

16,354

-

Investment property

6

324,222

217,489

345,008

218,889

CURRENT ASSETS

Debtors

7

142,924

192,612

Cash at bank

42,503

50,582

185,427

243,194

CREDITORS

Amounts falling due within one year

8

(514,770

)

(518,671

)

NET CURRENT LIABILITIES

(329,343

)

(275,477

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,665

(56,588

)

CREDITORS

Amounts falling due after more than one year

9

(93,973

)

-

NET LIABILITIES

(78,308

)

(56,588

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(78,408

)

(56,688

)

SHAREHOLDERS' FUNDS

(78,308

)

(56,588

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2017 and were signed on its behalf by:

Ms L J G Homulle - Director

1.	STATUTORY INFORMATION

Homulle & Hazen Property Investment Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net rental property income.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2016

and 31 March 2017

3,497

AMORTISATION

At 1 April 2016

2,097

Charge for year

699

At 31 March 2017

2,796

NET BOOK VALUE

At 31 March 2017

701

At 31 March 2016

1,400

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

4,664

At 31 March 2017

4,664

DEPRECIATION

Charge for year

933

At 31 March 2017

933

NET BOOK VALUE

At 31 March 2017

3,731

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

Additions

16,354

At 31 March 2017

16,354

NET BOOK VALUE

At 31 March 2017

16,354

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

217,489

Additions

106,733

At 31 March 2017

324,222

NET BOOK VALUE

At 31 March 2017

324,222

At 31 March 2016

217,489

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

142,924

192,612

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

2,796

-

Trade creditors

96

-

Other creditors

511,878

518,671

514,770

518,671

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

93,973

-

Amounts falling due in more than five years:

Repayable by instalments

Mortgage more than 5 years

81,413

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

£

Ms L J G Homulle and L M Hazen

Balance outstanding at start of year

(401,991

)

(311,546

)

Amounts advanced

7,154

33,134

Amounts repaid

(5,586

)

(123,579

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(400,423

)

(401,991

)

12.	FIRST YEAR ADOPTION

The company had adopted Section 1A ''Small Companies'' of FRS 102 for the first time in the period ended 31

March 2017.