Giftlease Holdings Limited - Limited company - abbreviated - 11.6

Giftlease Holdings Limited - Limited company - abbreviated - 11.6

GIFTLEASE HOLDINGS LIMITED - Company Information

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06365188 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false false true false "A" Ordinary 1.00000 "B" Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure063651882013-12-31063651882014-12-31063651882014-01-012014-12-31063651882012-12-31063651882013-01-012013-12-31063651882013-12-3106365188ns14:PoundSterling2014-01-012014-12-3106365188ns7:Director12014-01-012014-12-3106365188ns7:OrdinaryShareClass12014-01-012014-12-3106365188ns7:OrdinaryShareClass22014-01-012014-12-3106365188ns7:CompanySecretary2014-01-012014-12-3106365188ns7:RegisteredOffice2014-01-012014-12-3106365188ns5:LandBuildingsns5:ShortLeaseholdProperties2014-01-012014-12-3106365188ns5:PlantMachinery2014-01-012014-12-3106365188ns5:FixedAssetInvestmentsOtherThanLoans2014-12-3106365188ns7:OrdinaryShareClass12014-12-3106365188ns7:OrdinaryShareClass12013-12-3106365188ns7:OrdinaryShareClass22014-12-3106365188ns7:OrdinaryShareClass22013-12-31
REGISTERED NUMBER: 06365188






























ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

GIFTLEASE HOLDINGS LIMITED

GIFTLEASE HOLDINGS LIMITED (REGISTERED NUMBER: 06365188)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

GIFTLEASE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTOR: Mr D Edmonds





SECRETARY: Mr D Edmonds





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 06365188
Page 1
GIFTLEASE HOLDINGS LIMITED (REGISTERED NUMBER: 06365188)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 133,610 143,888
Investments 3 93,100 -
226,710 143,888

CURRENT ASSETS
Debtors 709,945 214,058
Cash at bank 28,497 5,876
738,442 219,934
CREDITORS
Amounts falling due within one year 8,027 46,346
NET CURRENT ASSETS 730,415 173,588
TOTAL ASSETS LESS CURRENT
LIABILITIES
957,125
317,476

PROVISIONS FOR LIABILITIES 16,885 8,052
NET ASSETS 940,240 309,424

CAPITAL AND RESERVES
Called up share capital 4 81,000 81,000
Profit and loss account 859,240 228,424
SHAREHOLDERS' FUNDS 940,240 309,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
GIFTLEASE HOLDINGS LIMITED (REGISTERED NUMBER: 06365188)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 24 August 2015 and were signed by:





Mr D Edmonds - Director


The notes form part of these abbreviated accounts

Page 3
GIFTLEASE HOLDINGS LIMITED (REGISTERED NUMBER: 06365188)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


1. ACCOUNTING POLICIES

ACCOUNTING CONVENTION
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Giftlease Holdings Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

TURNOVER
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Leasehold improvements - Straight line over the period of lease
Plant and machinery - 16-25% on a straight line basis

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

FIXED ASSET INVESTMENTS
Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any
provisions for impairment in value.

Investment income is recognised in the financial statements when the company becomes entitled to its share of
profits from the fixed asset investment.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 185,000
DEPRECIATION
At 1 January 2014 41,112
Charge for year 10,278
At 31 December 2014 51,390
NET BOOK VALUE
At 31 December 2014 133,610
At 31 December 2013 143,888

Page 4 continued...
GIFTLEASE HOLDINGS LIMITED (REGISTERED NUMBER: 06365188)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
Additions 93,100
At 31 December 2014 93,100
NET BOOK VALUE
At 31 December 2014 93,100

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
53,000 "A" Ordinary £1 53,000 53,000
28,000 "B" Ordinary £1 28,000 28,000
81,000 81,000

5. ULTIMATE PARENT COMPANY

Driving Experiences UK Limited is deemed to be the ultimate parent company, by virtue of its 100%
shareholding.

Page 5