ACCOUNTS - Final Accounts preparation

S.H.E. GROUP HOLDINGS LIMITED - Company Information

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Registered number: 11679073

S.H.E. GROUP HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2019

S.H.E. GROUP HOLDINGS LIMITED

REGISTERED NUMBER: 11679073

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2019

		2019
Note		£

Fixed assets
Investments			154,418
Current assets
Debtors: amounts falling due within one year	5	2
Creditors: amounts falling due within one year	6	(5,732)
Net current (liabilities)/assets			(5,730)
Total assets less current liabilities			148,688

Net assets			148,688

Capital and reserves
Called up share capital			42
Share premium account			153,608
Profit and loss account			(4,962)
			148,688

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S.H.E. GROUP HOLDINGS LIMITED

REGISTERED NUMBER: 11679073

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2019

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ C Campbell	................................................ H Campbell
Director	Director
Date: 11 December 2019	Date:11 December 2019

The notes on pages 4 to 6 form part of these financial statements.

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S.H.E. GROUP HOLDINGS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 MARCH 2019

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
Comprehensive income for the period
Loss for the period	-	-	(4,962)	(4,962)
Total comprehensive income for the period	-	-	(4,962)	(4,962)
Shares issued during the period	42	153,608	-	153,650
Total transactions with owners	42	153,608	-	153,650
At 31 March 2019	42	153,608	(4,962)	148,688

The notes on pages 4 to 6 form part of these financial statements.

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S.H.E. GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2019

1.	General information

S.H.E. Group Holdings Limited is a private company limited by shares and incorporated in England and Wales, registration number 11679073. The registered office is Sedgeford Hall, Fring Road, Sedgeford, Norfolk, PE36 5LT.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies areapplied in the preparation of these financial statements are set out below. These policies have been conistently applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

2.2

Taxation

Tax is recognised in the Income Statement, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.3

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

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.

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S.H.E. GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2019

2.Accounting policies (continued)

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Employees

The Company has no employees other than the directors, who did not receive any remuneration.

4.	Fixed asset investments

		Investments in associates
		£
	Cost or valuation
	Additions	154,418
	At 31 March 2019	154,418

During the period, the Company received dividends from investments in associates amounting to £nil.

Debtors

					2019
					£


	Other debtors	2

6.	Creditors: Amounts falling due within one year
		2019
		£

	Trade creditors	3,962
	Other loans	1,770
		5,732

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S.H.E. GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2019

7.	Share capital
		2019
		£

		Allotted, called up and fully paid

		42 Ordinary shares of £1.00 each	42

2 shares were issued at the date of incorporation on 15 November 2018. A further 40 shares were issued on 25 February 2019, comprising 40 Ordinary shares, as part of a share for share exchange with two shareholders of Boing Rapid Secure Limited. Following the transaction, Boing Rapid Secure Limited became a 34% associate.

8.	Related party transactions
	At 31 March 2019 the Company owed £1,770 to a company under the control of a director, which was repayable on demand and interest free.

9.	Post balance sheet events

On 16 April 2019, the Company acquired 90% of SHE Group Management Limited, 50% of The Big Chiller Limited and 50% of Foxford Clothing Limited.

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