Larsen Howie Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09883099 (England and Wales)

Financial Statements for the Period 1 January 2018 to 31 January 2019

for

Larsen Howie Group Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Carvill

J O Ledingham

A G M Stevens

J D R Twining

P R Willcocks

REGISTERED OFFICE:

Offices 8 & 9 Burrough Court

Burrough On The Hill

Melton Mowbray

Leicestershire

LE14 2QS

REGISTERED NUMBER:

09883099 (England and Wales)

SENIOR STATUTORY AUDITOR:

Charles Hinitt FCCA

AUDITORS:

Charles Hinitt & Associates Limited

Chartered Certified Accountants &

Statutory Auditors

48 Belle Vue Terrace

Malvern

Worcestershire

WR14 4QG

FIXED ASSETS

Investments

4

76,500

10,000

CURRENT ASSETS

Debtors

215,501

66,500

Cash at bank

209

301

215,710

66,801

CREDITORS

Amounts falling due within one year

282,261

260

NET CURRENT (LIABILITIES)/ASSETS

(66,551

)

66,541

TOTAL ASSETS LESS CURRENT LIABILITIES

9,949

76,541

CREDITORS

Amounts falling due after more than one year

-

75,900

NET ASSETS

9,949

641

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

8,949

(359

)

9,949

641

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 January 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 October 2019 and were signed on its behalf by:

A G M Stevens - Director

J D R Twining - Director

1.	STATUTORY INFORMATION

Larsen Howie Group Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Larsen Howie Group Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company is exempt under

Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it

and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its

ultimate holding company Kingsbridge Group Limited, 9 Miller Court, Severn Drive, Tewkesbury Business

Park, Tewkesbury GL20 8DN.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2017 - NIL).

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2018

10,000

Additions

66,500

At 31 January 2019

76,500

NET BOOK VALUE

At 31 January 2019

76,500

At 31 December 2017

10,000

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Charles Hinitt FCCA (Senior Statutory Auditor)

for and on behalf of Charles Hinitt & Associates Limited

6.	RELATED PARTY DISCLOSURES

Intercompany - KRS Lion Bidco Limited

A company under common control.

At the balance sheet date Larsen Howie Group Limited owed £282,001 to KRS Lion Bidco Limited. This is

included within Creditors due within one year.

The loan carries no liability to interest and is repayable on demand.

Intercompany - Larsen Howie Limited

A 100% owned subsidiary of Larsen Howie Group Limited.

At the balance sheet date Larsen Howie Group Limited is owed £215,501 by Larsen Howie Limited (2017 :

£66,500) which was included in Other Debtors under the heading Debtors.

The loan carried no liability to interest and is repayable on demand.

During the period 66,500 ordinary £1 shares were allotted in Larsen Howie Limited. These are owned by Larsen

Howie Group Limited and are reflected in fixed asset investment additions.

The total fixed asset investment of £76,500 relates entirely to the share holding in Larsen Howie Limited.

Related Party Transactions - Pedro Holdings

A company in which P R Willcocks is a director.

During the period Larsen Howie Group Limited repaid a loan balance owed to Pedro Holdings Limited of

£66,500.

The loan carried no liability to interest and is considered repaid in full.

Transactions with directors - P R Willcocks

During the period Larsen Howie Group Limited wrote off a loan balance owed to P R Willcocks of £10,000 to

it's profit & loss account.

The loan carried no liability to interest and is considered repaid in full.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is KRS Lion Bidco Limited.

The ultimate controlling party is Kingsbridge Group Limited