REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements |
|
for the Year Ended 31st March 2020 |
|
for |
|
HANSON LANE ENTERPRISE CENTRE LTD |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements |
|
for the Year Ended 31st March 2020 |
|
for |
|
HANSON LANE ENTERPRISE CENTRE LTD |
HANSON LANE ENTERPRISE CENTRE LTD (REGISTERED NUMBER: 04113550) |
|
Contents of the Financial Statements |
for the Year Ended 31st March 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
HANSON LANE ENTERPRISE CENTRE LTD |
|
Company Information |
for the Year Ended 31st March 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
AUDITORS: |
|
Statutory Auditor Chartered Accountants |
52 St Johns Lane |
Halifax |
West Yorkshire |
HX1 2BW |
HANSON LANE ENTERPRISE CENTRE LTD (REGISTERED NUMBER: 04113550) |
|
Balance Sheet |
31st March 2020 |
|
31/3/20 | 31/3/19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES | 7 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 8 |
|
|
Retained earnings | 9 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
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 and authorised for issue on
were signed on its behalf by: |
|
|
|
|
|
|
|
HANSON LANE ENTERPRISE CENTRE LTD (REGISTERED NUMBER: 04113550) |
|
Notes to the Financial Statements |
for the Year Ended 31st March 2020 |
|
|
1. | STATUTORY INFORMATION |
|
Hanson Lane Enterprise Centre Ltd is a
|
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 |
|
|
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions |
with wholly owned subsidiaries within the group. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Turnover relates to rents due from tenants and the provision of associated services. |
|
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Fixtures & fittings | - |
|
Computer equipment | - |
|
|
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. |
|
HANSON LANE ENTERPRISE CENTRE LTD (REGISTERED NUMBER: 04113550) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2020 |
|
|
2. | ACCOUNTING POLICIES - continued |
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. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures | Computer |
& fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st April 2019 |
|
|
|
Transfer to ownership | (9,270 | ) | (10,256 | ) | (19,526 | ) |
At 31st March 2020 |
|
|
|
DEPRECIATION |
At 1st April 2019 |
|
|
|
Charge for year |
|
|
|
Transfer to ownership | (8,938 | ) | (10,256 | ) | (19,194 | ) |
At 31st March 2020 |
|
|
|
NET BOOK VALUE |
At 31st March 2020 |
|
|
|
At 31st March 2019 |
|
|
|
HANSON LANE ENTERPRISE CENTRE LTD (REGISTERED NUMBER: 04113550) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2020 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/20 | 31/3/19 |
£ | £ |
Trade debtors |
|
|
Prepayments and accrued income |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/20 | 31/3/19 |
£ | £ |
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Tax |
|
|
VAT | - | 1,106 |
Other creditors |
|
|
Credit card | - | 136 |
Accruals and deferred income |
|
|
|
|
|
7. | PROVISIONS FOR LIABILITIES |
31/3/20 | 31/3/19 |
£ | £ |
Deferred tax | - | 117 |
|
Deferred |
tax |
£ |
Balance at 1st April 2019 |
|
Credit to Income Statement during year | ( |
) |
Provision transferred | (63 | ) |
Balance at 31st March 2020 |
|
|
8. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/20 | 31/3/19 |
value: | £ | £ |
|
Ordinary | 1 | 1 | 1 |
HANSON LANE ENTERPRISE CENTRE LTD (REGISTERED NUMBER: 04113550) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2020 |
|
|
9. | RESERVES |
Retained |
earnings |
£ |
|
At 1st April 2019 |
|
Profit for the year |
|
Dividends | ( |
) |
Transfer of undertakings | (13,301 | ) |
At 31st March 2020 |
|
|
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
11. | RELATED PARTY DISCLOSURES |
|
GNS Limited |
A company owned by K Saeed, a trustee of the parent charity. |
|
31.3.20 | 31.3.19 |
£ | £ |
Income Received - Rents and recharges | 3,849 | 3,951 |
Expenditure Incurred : Maintenance costs | 245 | 1,000 |
Debtor at year end | 5 | - |
Creditor at year end | - | - |
Tenant deposit held at year end | 190 | 190 |
|
12. | POST BALANCE SHEET EVENTS |
|
At 31 March 2020 the trading activities, contractual obligations, assets and liabilities of Hanson Lane Enterprise |
Centre Ltd were transferred to Elsie Whiteley Innovation Centre Ltd. From 1 April 2020 the company has ceased to |
trade and will be dormant. |
|
13. | ULTIMATE CONTROLLING PARTY |
|
The company is under the control of the trustees of Halifax Opportunities Trust, its parent charitable company, |
which owns 100% of the share capital of Hanson Lane Enterprise Centre. |
HANSON LANE ENTERPRISE CENTRE LTD (REGISTERED NUMBER: 04113550) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2020 |
|
|
14. | TRANSFER OF UNDERTAKINGS |
|
On 24 March 2020 the members of Hanson Lane Enterprise Centre Limited agreed and approved the following |
resolution. |
|
"To transfer all the trading activities, contractual obligations, assets and liabilities at 31 March 2020 to fellow Halifax |
Opportunities Trust subsidiary Else Whiteley Innovation Centre Ltd and for Hanson Lane Enterprise Centre Ltd to |
become dormant." |
|
These financial statements therefore remove the assets and liabilities of Hanson Lane Enterprise Centre Ltd, the |
amounts transferred to Elsie Whiteley Innovation Centre are set out below: |
|
31.3.20 |
£ |
FIXED ASSETS |
Tangible assets | 332 |
|
CURRENT ASSETS |
Debtors | 7,340 |
Cash at bank and in hand | 61,009 |
|
CREDITORS |
Amounts falling due wihtin one year | (55,317 | ) |
|
PROVISIONS FOR LIABILITIES | (63 | ) |
NET ASSETS | 13,301 |