Hind Consultancy Services Limited - Accounts to registrar (filleted) - small 17.3

Hind Consultancy Services Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 03321717(England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Hind Consultancy Services Limited

Hind Consultancy Services Limited (Registered number: 03321717)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hind Consultancy Services Limited

Company Information
for the Year Ended 31 December 2017







DIRECTOR: N D Hind





REGISTERED OFFICE: Tower House
Nursery Lane
Harrogate
North Yorkshire
HG2 0AZ





REGISTERED NUMBER: 03321717(England and Wales)





ACCOUNTANTS: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Hind Consultancy Services Limited (Registered number: 03321717)

Balance Sheet
31 December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,590 2,288
Investments 5 49,877 36,438
Investment property 6 480,000 395,000
531,467 433,726

CURRENT ASSETS
Debtors 7 230 13,970
Investments 8 320 306
Cash at bank 50,417 41,301
50,967 55,577
CREDITORS
Amounts falling due within one year 9 10,783 23,926
NET CURRENT ASSETS 40,184 31,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

571,651

465,377

PROVISIONS FOR LIABILITIES 15,300 3,800
NET ASSETS 556,351 461,577

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 143,118 63,165
Retained earnings 413,231 398,410
SHAREHOLDERS' FUNDS 556,351 461,577

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hind Consultancy Services Limited (Registered number: 03321717)

Balance Sheet - continued
31 December 2017


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 director on 27 March 2018and were signed by:





N D Hind- Director


Hind Consultancy Services Limited (Registered number: 03321717)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

Hind Consultancy Services Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair
value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the
generally accepted accounting principle set out in FRS 102. The director considers that, because investment
properties are not held for consumption, but for their investment potential, to depreciate them would not give a
true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit
for the financial year would have been reduced by depreciation. However the amount of depreciation cannot
reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and
the amount relating to the depreciation of the property cannot be separately identified.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Hind Consultancy Services Limited (Registered number: 03321717)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company does not operate a company pension scheme but makes contributions to a personal pension
scheme of the director. Contributions payable for the year are charged in the profit and loss account.

Fixed and current asset investments
Fixed and current asset investments are stated at fair value. Changes in fair value are recognised in profit or
loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2016 - 1) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 14,824
Disposals (588 )
At 31 December 2017 14,236
DEPRECIATION
At 1 January 2017 12,536
Charge for year 529
Eliminated on disposal (419 )
At 31 December 2017 12,646
NET BOOK VALUE
At 31 December 2017 1,590
At 31 December 2016 2,288

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2017 36,438
Additions 7,000
Valuation changes 6,439
At 31 December 2017 49,877
NET BOOK VALUE
At 31 December 2017 49,877
At 31 December 2016 36,438


Hind Consultancy Services Limited (Registered number: 03321717)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2017 395,000
Valuation changes 85,000
At 31 December 2017 480,000
NET BOOK VALUE
At 31 December 2017 480,000
At 31 December 2016 395,000

Fair value at 31 December 2017 is represented by:

£   
Valuation in 2017 480,000

If the investment properties had not been revalued they would have been included at the following historical
cost:

2017 2016
£    £   
Cost 333,649 333,649

The investment properties were valued on an open market basis basis on 31 December 2017 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 230 13,970

8. CURRENT ASSET INVESTMENTS
2017 2016
£    £   
Listed investments 320 306

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 7,080 19,879
Other creditors 3,703 4,047
10,783 23,926

Hind Consultancy Services Limited (Registered number: 03321717)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

10. RESERVES
Fair
value
reserve
£   
At 1 January 2017 63,165
Transfer from retained earnings 79,953

At 31 December 2017 143,118

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017 and
31 December 2016:

2017 2016
£    £   
N D Hind
Balance outstanding at start of year 1,033 1,126
Amounts advanced 4,359 1,033
Amounts repaid (5,208 ) (1,126 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 184 1,033

The loan was interest free and repayable on demand.