NHDC Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10393408 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2019

for

NHDC Holdings Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P J Andrews

Dr S M Robb

REGISTERED OFFICE:

Norfolk House

91 London Road

Gloucester

Gloucestershire

GL1 3HH

REGISTERED NUMBER:

10393408 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

BANKERS:

The Royal Bank of Scotland plc

1 Westgate Street

Gloucester

GL1 2TT

FIXED ASSETS

Investments

4

560,858

560,858

CURRENT ASSETS

Cash at bank

13,434

12,297

CREDITORS

Amounts falling due within one year

115,248

90,522

NET CURRENT LIABILITIES

(101,814

)

(78,225

)

TOTAL ASSETS LESS CURRENT LIABILITIES

459,044

482,633

CREDITORS

Amounts falling due after more than one year

191,803

219,289

NET ASSETS

267,241

263,344

CAPITAL AND RESERVES

Called up share capital

260,000

260,000

Retained earnings

7,241

3,344

267,241

263,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 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 year ended 31 December 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 and authorised for issue on 15 July 2020 and were signed on its behalf by:

Dr S M Robb - Director

Dr P J Andrews - Director

1.	STATUTORY INFORMATION

NHDC Holdings 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.

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 NHDC Holdings Limited as an individual company

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

under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated

financial statements.

Management charges

Revenue from management charges to subsidiary undertakings is recognised on a straight-line

accruals basis and represent the recharge of costs incurred in respect of the transaction.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments'

and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial

instruments.

Financial instruments are recognised in the company's balance sheet when the company

becomes party to the contractual provisions of the instrument.

Basic financial assets and liabilities

Basic financial assets, which include trade and other debtors and cash and bank balances, are

measured at transaction price including transaction costs.

Financial assets are impaired where there is objective evidence that, as a result of one or

more events that occurred after the initial recognition of the financial asset, the estimated

future cash flows have been affected. The impairment loss is recognised in profit or loss.

Basic financial liabilities, including trade and other creditors are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the

ordinary course of business from suppliers. Trade creditors are classified as current liabilities if

payment is due within one year. If not, they are presented as creditors falling due after more than

one year.

Financial liabilities are derecognised when, and only when, the company's obligations are

discharged, cancelled, or they expire.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2019

and 31 December 2019

560,858

NET BOOK VALUE

At 31 December 2019

560,858

At 31 December 2018

560,858

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.19

31.12.18

£

£

Bank loans

218,878

246,364

The bank loan is secured by a fixed and floating charge over the assets of the company.

6.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £87,259 due to, Norfolk House Dental Care Ltd, the

company's subsidiary undertaking.