Larsen Howie Limited - Accounts to registrar (filleted) - small 18.2
Larsen Howie Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Period 1 January 2018 to 31 January 2019 |
| for |
| Larsen Howie Limited |
| Larsen Howie Limited (Registered number: 09887741) |
| Contents of the Financial Statements |
| for the Period 1 January 2018 to 31 January 2019 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Larsen Howie Limited |
| Company Information |
| for the Period 1 January 2018 to 31 January 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Certified Accountants & |
| Statutory Auditors |
| 48 Belle Vue Terrace |
| Malvern |
| Worcestershire |
| WR14 4QG |
| Larsen Howie Limited (Registered number: 09887741) |
| Abridged Balance Sheet |
| 31 January 2019 |
| 31.1.19 | 31.12.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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 |
| Larsen Howie Limited (Registered number: 09887741) |
| Notes to the Financial Statements |
| for the Period 1 January 2018 to 31 January 2019 |
| 1. | STATUTORY INFORMATION |
| Larsen Howie Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| 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 |
| During the period to 31 January 2019, the company made losses arising on the start up costs expected of a |
| venture of this nature. The directors, however, consider the company to be a going concern due to the continued |
| funding and support by the ultimate parent company of the group. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| Larsen Howie Limited (Registered number: 09887741) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2018 to 31 January 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 January 2018 |
| Additions |
| At 31 January 2019 |
| DEPRECIATION |
| At 1 January 2018 |
| Charge for period |
| At 31 January 2019 |
| NET BOOK VALUE |
| At 31 January 2019 |
| At 31 December 2017 |
| 5. | SECURED DEBTS |
| NatWest Markets plc holds a fixed and floating charge over the assets of the company. The debenture was |
| created on 28 September 2018 and registered as a charge at Companies House on 2 October 2018. |
| Royal Bank of Scotland also holds a fixed and floating charge over the assets of the company together with |
| certain intellectual property and trademarks owned by the Kingsbridge Group. The debenture was created on 14 |
| February 2019 and registered as a charge at Companies House on 28 February 2019. |
| 6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| Larsen Howie Limited (Registered number: 09887741) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2018 to 31 January 2019 |
| 7. | RELATED PARTY DISCLOSURES |
| Intercompany - Larsen Howie Group Limited |
| The immediate parent company owning 100% of Larsen Howie Limited. |
| At the balance sheet date Larsen Howie Limited owed £215,501 to Larsen Howie Group Limited (2017 : |
| £66,500) which was included in Amounts Owed to Group Undertakings under the heading Creditors Due Within |
| One Year. |
| The loan carried no liability to interest and is repayable on demand. |
| During the period 66,500 £1 ordinary shares were allotted in Larsen Howie Limited. |
| Related Party Transactions - Pedro Holdings |
| A company in which P R Willcocks is a director. |
| During the period Larsen Howie Limited wrote off a loan balance owed to Pedro Holdings Limited of £95,000 to |
| it's Profit & Loss account. |
| At the balance sheet date Larsen Howie Limited owed £nil to Pedro Holdings Limited (2017 : £22,500). This |
| was included within Bank Loans under the heading Creditors Due After More Than One Year. |
| The loan carried no liability to interest and is considered repaid in full. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Larsen Howie Group Limited. |
| The ultimate controlling party is Kingsbridge Group Limited. |