REGISTERED NUMBER: 06135049 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

FOR

HANOVER RESOURCES LTD

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

Directors:

Mrs J Hibbert

B A Hibbert

Registered office:

Unit 1 Parkside Business Park

15 Headley Road

Woodley

Berkshire

RG5 4JB

Registered number:

06135049 (England and Wales)

Accountants:

Norwoods

Suite 19

Maple Court

Grove Park

Maidenhead

Berkshire

SL6 3LW

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Hanover Resources Ltd for the year ended 30 April 2018 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Hanover Resources Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hanover Resources Ltd and state those matters that we have agreed to state to the Board of Directors of Hanover Resources Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hanover Resources Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hanover Resources Ltd. You consider that Hanover Resources Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hanover Resources Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Norwoods

Suite 19

Maple Court

Grove Park

Maidenhead

Berkshire

SL6 3LW

19 November 2018

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,753

6,798

Investments

6

-

-

6,753

6,798

CURRENT ASSETS

Debtors

7

244,155

247,249

Cash at bank and in hand

58,073

71,499

302,228

318,748

CREDITORS

Amounts falling due within one year

8

236,835

299,929

NET CURRENT ASSETS

65,393

18,819

TOTAL ASSETS LESS CURRENT LIABILITIES

72,146

25,617

PROVISIONS FOR LIABILITIES

1,283

1,360

NET ASSETS

70,863

24,257

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

294,990

294,990

Retained earnings

(224,227

)

(270,833

)

70,863

24,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 November 2018 and were signed on its behalf by:

B A Hibbert - Director

1.	STATUTORY INFORMATION

Hanover Resources Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Franchise fee

The fee paid for the initial franchise has been evenly amortised over the franchise period of 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost less any provision for impairment.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future. Thus the directors

continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1 May 2017

and 30 April 2018

89,000

Amortisation

At 1 May 2017

and 30 April 2018

89,000

Net book value

At 30 April 2018

-

At 30 April 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 May 2017

3,469

21,825

25,294

Additions

1,644

-

1,644

At 30 April 2018

5,113

21,825

26,938

Depreciation

At 1 May 2017

2,629

15,867

18,496

Charge for year

511

1,178

1,689

At 30 April 2018

3,140

17,045

20,185

Net book value

At 30 April 2018

1,973

4,780

6,753

At 30 April 2017

840

5,958

6,798

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

Cost

At 1 May 2017

and 30 April 2018

104,530

Provisions

At 1 May 2017

and 30 April 2018

104,530

Net book value

At 30 April 2018

-

At 30 April 2017

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

52,098

63,343

Amounts owed by group undertakings

185,267

183,906

Other debtors

6,790

-

244,155

247,249

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

18,641

36,483

Taxation and social security

29,661

29,532

Other creditors

188,533

233,914

236,835

299,929