HERVIA_GROUP_LIMITED - Accounts

HERVIA GROUP LIMITED - Company Information

Print Friendly Version

Company Registration No. 07210305 (England and Wales)

HERVIA GROUP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

HERVIA GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

HERVIA GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,545

3,164

Investments

52,000

53,545

55,164

Current assets

Debtors

371,191

401,457

Cash at bank and in hand

2,475

3,899

373,666

405,356

Creditors: amounts falling due within one year

(380,254)

(235,500)

Net current (liabilities)/assets

(6,588)

169,856

Total assets less current liabilities

46,957

225,020

46,957

225,020

Creditors: amounts falling due after more than one year

45,000

250,000

Shareholders' funds

Called up share capital

1,000

Profit and loss account

957

(25,980)

46,957

225,020

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 September 2015

Mr O V Pinto-Hervia

Mr R C Duncalf

Director

Company Registration No. 07210305

HERVIA GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Tenants Improvements

50% Straight line

Fixtures, fittings & equipment

25% Reducing balance

Website

25% Straight line

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

HERVIA GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2014 & at 31 March 2015

10,036

52,000

62,036

Depreciation

At 1 April 2014

6,872

Charge for the year

1,619

At 31 March 2015

8,491

Net book value

At 31 March 2015

1,545

52,000

53,545

At 31 March 2014

3,164

52,000

55,164

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Hervia Bazaar Limited

England

Ordinary

100.00

Hervia London Limited

England

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Hervia Bazaar Limited

Clothing retail

(1,060)

53,615

Hervia London Limited

Clothing retail

16,467

51,134

Debtors

Debtors include an amount of £350,000 (2014 - £350,000) which is due after more than one year.

HERVIA GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000