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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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FOR |
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BOB HILL PROPERTIES LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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FOR |
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BOB HILL PROPERTIES LIMITED |
BOB HILL PROPERTIES LIMITED (REGISTERED NUMBER: 06664416) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 28 February 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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BOB HILL PROPERTIES LIMITED |
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COMPANY INFORMATION |
for the Year Ended 28 February 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
50-52 Aire Street |
Goole |
DN14 5QE |
BOB HILL PROPERTIES LIMITED (REGISTERED NUMBER: 06664416) |
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BALANCE SHEET |
28 February 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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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: |
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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. |
BOB HILL PROPERTIES LIMITED (REGISTERED NUMBER: 06664416) |
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BALANCE SHEET - continued |
28 February 2018 |
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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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BOB HILL PROPERTIES LIMITED (REGISTERED NUMBER: 06664416) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 28 February 2018 |
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1. | STATUTORY INFORMATION |
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Bob Hill Properties Limited is a private company, limited by shares, incorporated and domiciled in England. The company's |
registered number and registered office address can be found on the Company Information page. The principal place of |
business is Boothferry Nurseries, Boothferry Road, Howden, DN14 7QY. |
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The financial statements are presented in £ Sterling, which is the functional currency of the company. |
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The principal activity of the company is property development. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going |
concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to |
events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
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Turnover from the sale of goods is recognised at the point of sale. |
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In the case of construction projects and the rendering of services, revenue is recognised on completion, or, when those |
projects and / or services span the period end date, by reference to the stage of completion at the balance sheet date. |
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The stage of completion is determined according to costs incurred to date as a proportion of estimated total costs to |
completion. |
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Tangible fixed assets |
Tangible fixed assets are included at cost less depreciation and impairment. |
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Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows: |
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Plant and machinery etc - 25% on cost and 20% on cost |
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Inventories |
Work in progress is valued at the lower of cost and estimated selling price less costs to sell. |
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Cost includes a relevant proportion of overheads according to the stage of completion. |
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BOB HILL PROPERTIES LIMITED (REGISTERED NUMBER: 06664416) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 28 February 2018 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Taxation |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 March 2017 |
and 28 February 2018 |
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DEPRECIATION |
At 1 March 2017 |
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Charge for year |
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At 28 February 2018 |
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NET BOOK VALUE |
At 28 February 2018 |
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At 28 February 2017 |
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BOB HILL PROPERTIES LIMITED (REGISTERED NUMBER: 06664416) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 28 February 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Amounts recoverable on contract |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Property loan |
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The property loan is secured by a first legal mortgage over the property to which it relates, and also by a fixed and floating |
charge over the assets of the company. |
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8. | RELATED PARTY DISCLOSURES |
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Included within other creditors is a loan to the company from the director, R C Hill. The balance outstanding at 28 |
February 2018 was £583,403 (2017: £581,694). |
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The loan was made on an interest free basis and is repayable on demand. |