Harcom Holdings Limited - Limited company - abbreviated - 11.6
Harcom Holdings Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
HARCOM HOLDINGS LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015 |
HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 January 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Chartered Accountants' Report | 7 |
HARCOM HOLDINGS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 January 2015 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
BANKERS: |
HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
ABBREVIATED BALANCE SHEET |
31 January 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
ABBREVIATED BALANCE SHEET - continued |
31 January 2015 |
The financial statements were approved by the director on |
HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 January 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets 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 Harcom 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 |
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of |
Value Added Tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Investment properties are shown at their open market value. The surplus or deficit arising from the annual |
revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual |
investment property is expected to be permanent, in which case it is recognised in the profit and loss account for |
the year. |
This is in accordance with the FRSSE which, unlike the Companies Act 2006, does not require depreciation of |
the investment properties. Investment properties are held for their investment potential and not for use by the |
company and so their current value is of prime importance. The departure from the provisions of the Act is |
required in order to give a true and fair view. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Operating lease agreements |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with |
the lessor are charged against profits on a straight line basis over the period of the lease. |
Going concern |
The director has assessed whether the company is a going concern and has considered all available information |
about the future and is confident of the company's ability to continue as a going concern. |
HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 January 2015 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2014 |
Additions |
At 31 January 2015 |
DEPRECIATION |
At 1 February 2014 |
Charge for year |
At 31 January 2015 |
NET BOOK VALUE |
At 31 January 2015 |
At 31 January 2014 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 February 2014 |
and 31 January 2015 | 102 |
NET BOOK VALUE |
At 31 January 2015 |
At 31 January 2014 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
£ | £ |
Aggregate capital and reserves | (672,359 | ) | (626,000 | ) |
Loss for the year | (46,359 | ) | (54,825 | ) |
HARCOM HOLDINGS LIMITED (REGISTERED NUMBER: 01874869) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 January 2015 |
3. | FIXED ASSET INVESTMENTS - continued |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
£ | £ |
Aggregate capital and reserves | 100 | 100 |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 February 2014 |
Revaluations |
At 31 January 2015 |
NET BOOK VALUE |
At 31 January 2015 |
At 31 January 2014 |
5. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
2015 | 2014 |
£ | £ |
Repayable otherwise than by instalments | 500,000 | 499,997 |
Repayable by instalments | 21,839 | 25,118 |
521,839 | 525,115 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Included within creditors is £327,629 (2014 - £307,037) in respect of a loan from M P Harris, director. |
During the year dividends of £28,800 were voted to the director, M P Harris. |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
HARCOM HOLDINGS LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Harcom Holdings Limited for the year ended 31 January 2015 which comprise the Profit and |
Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the director of Harcom Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harcom Holdings Limited and state those matters that we have agreed to state to the director of Harcom Holdings Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Harcom Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harcom Holdings Limited. You consider that Harcom Holdings Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Harcom Holdings Limited. |
For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
2 October 2015 |