HYDRO MILL GROUP LIMITED
REGISTERED NUMBER:
10093352
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2018
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The
financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by
:
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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HYDRO MILL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
Hydro Mill Group Limited is a private company limited by shares incorporated in England and Wales, registered number 10093352. The registered office is Flock Mill, Rewe, Exeter, Devon, England, EX5 4HB.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The following principal accounting policies have been applied:
The company has excess of liabilities over assets. The company relies on the continued support of the directors by way of their current accounts with the company. The directors have expressed their willingness to continue to support the company for the foreseeable future. Therefore the directors believe that it is appropriate to prepare the accounts on the going concern basis.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Creditors: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Accruals and deferred income
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Page 2
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HYDRO MILL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
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ALLOTTED, CALLED UP AND FULLY PAID
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100
(2017:
100
)
Ordinary
shares of £
1.00
each
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Related party transactions
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During the year
the directors
maintained a current account with the company. At the year end the company owed the directors £
13,300
(2017:£4,900). No interest is charged on the loan and there are no set repayment terms.
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Page 3
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