HARTLEY-SCOTT HOLDINGS LIMITED Filleted Accounts Cover
HARTLEY-SCOTT HOLDINGS LIMITED
Company No. 12747096
Information for Filing with The Registrar
31 December 2021
HARTLEY-SCOTT HOLDINGS LIMITED Balance Sheet Registrar
at
31 December 2021
Company No.
12747096
Notes
2021
2020
£
£
Fixed assets
Tangible assets
4
815,973815,973
Investments
5
1,000,000800,000
1,815,9731,615,973
Current assets
Debtors
6
-118,866
Cash at bank and in hand
36,8961
36,896118,867
Creditors: Amount falling due within one year
7
(39,900)
(42,737)
Net current (liabilities)/assets
(3,004)
76,130
Total assets less current liabilities
1,812,9691,692,103
Creditors: Amounts falling due after more than one year
8
(753,227)
(892,622)
Net assets
1,059,742799,481
Capital and reserves
Called up share capital
101101
Non-distributable reserve
10
999,900799,900
Profit and loss account
10
59,741
(520)
Total equity
1,059,742799,481
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2021 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 in accordance with section 476 of the 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 accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 24 August 2022
And signed on its behalf by:
G.D. Hartley
Director
24 August 2022
HARTLEY-SCOTT HOLDINGS LIMITED Notes to the Accounts Registrar
for the year ended 31 December 2021
1
General information
Its registered number is: 12747096
Its registered office is:
Evolution House
Longacres Road
Clayhill Industrial Park,
Neston,
CH64 3RL
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated returns, rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Freehold buildings
0% straight line
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
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.
3
Employees
2021
2020
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
At 1 January 2021
815,973815,973
At 31 December 2021
815,973815,973
Depreciation
Net book values
At 31 December 2021
815,973815,973
At 31 December 2020
815,973815,973
The property has been valued by the director on 31 December 2021.
5
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 January 2021
800,000800,000
Revaluation
200,000200,000
At 31 December 2021
1,000,0001,000,000
Provisions/Impairment
Net book values
At 31 December 2021
1,000,0001,000,000
At 31 December 2020
800,000800,000
6
Debtors
2021
2020
£
£
VAT recoverable
-118,866
-118,866
7
Creditors:
amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
36,00036,000
Other taxes and social security
3,900-
Accruals and deferred income
-6,737
39,90042,737
The bank loan is secured by a fixed and floating charge over the company's assets.
8
Creditors:
amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
474,868503,000
Other loans
278,359389,622
753,227892,622
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
284,997
359,000
284,997359,000
9
Creditors: secured liabilities
2021
2020
£
£
The aggregate amount of secured liabilities included within creditors
510,868539,000
10
Reserves
Non-distributable Reserve
Total other reserves
£
£
Movement on reserve
799,900
799,900
At 31 December 2020 and 1 January 2021
799,900
799,900
Movement on reserve
200,000
200,000
At 31 December 2021
999,900999,900
Non-distributable reserve - reflects the fair value of investment in subsidiaries.
Profit and loss account - includes all current and prior period retained profits and losses.
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