Petri Holdings Limited - Period Ending 2015-03-31

 
 
 
 
 
 
 
  Petri Holdings Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 March 2015
 
  Company Registration Number: 07260955

Petri Holdings Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Petri Holdings Limited
Abbreviated Balance Sheet
31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			7,500			9,000
Investments		2			180,112			180,112
					187,612			189,112
Current assets
Debtors					-			18,898
Cash at bank and in hand					20,419			219
					20,419			19,117
Creditors: Amounts falling due within one year					(207,950)			(207,997)
Net current liabilities					(187,531)			(188,880)
Net assets					81			232
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(19)			132
Shareholders' funds					81			232

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Petri Holdings Limited
Abbreviated Balance Sheet
31 March 2015 ......... continued

For the year ending 31 March 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 28 September 2015 and signed on its behalf by:

Mr A C D Petri
Director

Company Registration Number: 07260955

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Petri Holdings Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

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 and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents management charges in respect of services provided.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office	10% Straight line
Office Equipment	33.33% Straight line

Fixed asset investments

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

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2014		15,297			180,112			195,409
At 31 March 2015		15,297			180,112			195,409
Depreciation
At 1 April 2014		6,297			-			6,297
Charge for the year		1,500			-			1,500
At 31 March 2015		7,797			-			7,797
Net book value
At 31 March 2015		7,500			180,112			187,612
At 31 March 2014		9,000			180,112			189,112

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Page 3

Petri Holdings Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Glover Bros Limited	England & Wales	Ordinary	100.00%	wholesale distribution of upholstery and soft furnishing components

The profit for the financial period of Glover Bros Limited was £28,217 and the aggregate amount of capital and reserves at the end of the period was £162,181.

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 4