Company Registration No. 07181799 (England and Wales)
HCW FACILITIES MANAGEMENT LTD
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
HCW FACILITIES MANAGEMENT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HCW FACILITIES MANAGEMENT LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
7,040
9,739
Cash at bank and in hand
20,151
65,569
27,191
75,308
Creditors: amounts falling due within one year
4
(27,190)
(75,307)
Net current assets
1
1
Capital and reserves
Called up share capital
1
1
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 3 December 2024 and are signed on its behalf by:
I Johnson
Director
Company Registration No. 07181799
HCW FACILITIES MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2
1
Accounting policies
Company information
HCW Facilities Management Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Middle Brook Centre, Middle Brook Street, Winchester, Hampshire, SO23 8DQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration receivable for goods and services provided in the normal course of business.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.
HCW FACILITIES MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
3
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,576
9,739
Other debtors
1,464
7,040
9,739
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
23,320
70,717
Other creditors
3,870
4,590
27,190
75,307
5
Related party transactions
Hope Church Winchester holds 100% of the share capital of the company. During the year Hope Church Winchester recharged £59,369 (2023: £51,987) of expenses to the company. The company also donated £8,435 (2023: £nil) to the parent charity. Included within current liabilities at the balance sheet date is £23,320 (2023: £70,717) in respect of amounts owed to Hope Church Winchester.