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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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HPC DEVELOPERS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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HPC DEVELOPERS LIMITED |
HPC DEVELOPERS LIMITED (REGISTERED NUMBER: 03936172) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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HPC DEVELOPERS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Bassett House |
5 Southwell Park Road |
Camberley |
Surrey |
GU15 3PU |
HPC DEVELOPERS LIMITED (REGISTERED NUMBER: 03936172) |
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BALANCE SHEET |
31 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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
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(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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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HPC DEVELOPERS LIMITED (REGISTERED NUMBER: 03936172) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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HPC Developers Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stock of land and part completed properties is valued at costs incurred to date less provisions for foreseeable losses. where |
individual plots of an overall development have been finished and sold, costs have been attributed to these plots based on a |
proportion of the expected overall development costs on completion. |
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Going concern |
The directors consider that, notwithstanding the company's negative net assets position, it is appropriate to prepare the |
accounts on a going concern basis as the company will be able to continue to meet its liabilities as they fall due, due to the |
continuing support of the bank and directors. |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2018 |
and 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
and 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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VAT |
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HPC DEVELOPERS LIMITED (REGISTERED NUMBER: 03936172) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Other creditors |
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Directors' loan accounts | 1,137,081 | 1,137,081 |
Accruals & deferred income |
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6. | SECURED DEBTS |
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The bank overdraft and loan facilities are secured by First Legal Mortgages over the company's development land and |
freehold property and a mortgage debenture dated 2 November 2004 in favour of The Royal Bank of Scotland. |
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7. | CONTINGENT LIABILITIES |
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The company has various contingent liabilities in respect of the houses it has built and the sites they are built on. These |
include the National House Building Council in respect of the houses, the local Councils for road bonds and various others. |
Where these liabilities have been identified, they have been guaranteed by The Royal Bank of Scotland Plc . At 31 March |
2019, guarantees totalling £98,606 existed (2018 - £98,606). |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following amount was due to the director as at 31st March 2019: |
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B. Prichard £1,137,081 (2018- £1,137,081) |