Typhon Holdings Limited - Period Ending 2015-01-31

Typhon Holdings Limited
Abbreviated Balance Sheet
31 January 2015

 

Company Registration Number: 04813879

		Note			2015 £			2014 £
Fixed assets		2
Tangible fixed assets					805			-
Investments					1,000			1,000
					1,805			1,000
Current assets
Debtors					11,181			15,851
Cash at bank and in hand					9,061			36,130
					20,242			51,981
Creditors: Amounts falling due within one year					(6,649)			(3,725)
Net current assets					13,593			48,256
Total assets less current liabilities					15,398			49,256
Creditors: Amounts falling due after more than one year					(119,245)			(139,245)
Net liabilities					(103,847)			(89,989)
Capital and reserves
Called up share capital		3			53,623			60,000
Profit and loss account					(157,470)			(149,989)
Shareholders' deficit					(103,847)			(89,989)

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime under the Companies Act 2006.

Approved by the director on 30 October 2015

ES Vann
Director

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Typhon Holdings Limited
Notes to the Abbreviated Accounts
Year Ended 31 January 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention.

Exemption from preparing a cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of recharge of services to customers.

Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on tangible fixed assets so as to write off the costs less any estimated residual value, over their expected useful economic lives as follows:

Office equipment

25% reducing balance

Fixed asset investments

Fixed asset investments historic cost less provision for any diminution in value.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 February 2014		-			1,000			1,000
Additions		1,074			-			1,074
At 31 January 2015		1,074			1,000			2,074
Depreciation
Charge for the year		269			-			269
At 31 January 2015		269			-			269
Net book value
At 31 January 2015		805			1,000			1,805
At 31 January 2014		-			1,000			1,000

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Typhon Holdings Limited
Notes to the Abbreviated Accounts
Year Ended 31 January 2015

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		60,000			60,000			60,000			60,000

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