Hammer Price Homes Limited
|
Registered Number
:
08819923
|
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2016
Hammer Price Homes Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Hammer Price Homes Limited
Statement of Financial Position
2015
2016
100,925
100,074
2
100,925
100,074
Trade and other receivables
|
29,341
18,413
3
38,871
Cash and cash equivalents
|
139,733
158,146
68,212
Trade and other payables
:
amounts falling due within one
|
year
|
(114,219)
(211,369)
4
(46,007)
(53,223)
Net current liabilities
Total assets less current liabilities
|
47,702
54,067
47,702
Net assets
54,067
50,000
50,000
(2,298)
4,067
47,702
54,067
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
Mr Aidan Hutchings Director
|
These financial statements were approved and authorised for issue by the Board on 27 September 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2016
Hammer Price Homes Limited
Notes to the Financial Statements
Statutory Information
Hammer Price Homes Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
08819923
.
|
23 New Mount Homes
Manchester
Greater Manchester
M4 4DE
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
2
.
Intangible fixed assets
|
100,074
28,835
128,909
27,984
Charge for year
27,984
100,925
3
.
Trade and other receivables
|
2015
2016
15,485
4,200
2,928
25,141
29,341
18,413
2 of 3
For the year ended 31 December 2016
Hammer Price Homes Limited
Notes to the Financial Statements Continued
4
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
40,497
50,790
Taxation and social security
|
10,197
-
160,675
63,429
211,369
114,219
5
.
Related party transactions
|
During the year the company purchased services to £Nil
(
2015
-
£
2
,
300
)
from Prospect PD Limited a company in
|
which Mr D Halliwell has a controlling interest
.
These services were purchased on an arms length basis
.
There were
|
£
2
,
300
outstanding from the company at the period end
(
2015
-
£
2
,
300
)
and included within trade creditors
.
Also
|
included within other creditors is a loan of £
22
,
856
(
2015
-
£
22
,
856
)
owed to Prospect PD Limited
.
This loan is
|
interest free
.
The highest amount owed during the year was £
22
,
856
(
2014
-
£
42
,
856
)
with £Nil
(
2015
-
£
20
,
000
)
|
being repaid by the company
.
|
During the year the company sold services to prospect PS Limited for £
21
,
023
.
These services were sold on an arms
|
length basis
.
There was £
15
,
485
owed to the company at the period end
(
2015
-
£NIL
)
and included in trade debtors
.
|
The highest amount owed to the company during the year was £
21
,
023
(
2015
-
£NIL
)
with £
5
,
538
(
2015
-
£Nil
)
|
being paid to the company during the year
.
|
During the year the company purchased services to £
1
,
118
(
2015
-
£
32
,
400
)
from Estate Research Limited a
|
company in which Mr A Hutchings has a controlling interest
.
These services were purchased on an arms length
|
basis
.
There were £
33
,
518
outstanding from the company at the period end
(
2015
-
£
32
,
400
)
and included within
|
trade creditors
.
Also included within other creditors is a loan of £
2
,
129
(
2015
-
£
2
,
129
)
owed to Estate Research
|
Limited
.
This loan is interest free
.
The highest amount owed during the year was £
2
,
129
(
2015
-
£
23
,
779
)
with £Nil
|
(
2015
-
£
21
,
650
)
being paid by the company
.
|
The company had an outstanding directors loan in the name of Mr David Halliwell of £Nil
(
2015
:
£
400
)
at the year
|
end
.
The balance represents the highest amount outstanding in the year
.
|
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