Fenn's (Farnborough) Holdings Limited - Period Ending 2015-02-28

Registration number: 03239995

Fenn's (Farnborough) Holdings Limited
 
 Unaudited Abbreviated Accounts
 
 for the Year Ended 28 February 2015
 

Fenn's (Farnborough) Holdings Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Fenn's (Farnborough) Holdings Limited
(Registration number: 03239995)
Abbreviated Balance Sheet at 28 February 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					-			7,894
Investments					8			8
					8			7,902
Current assets
Debtors					20,976			20,000
Cash at bank and in hand					59,582			251,423
					80,558			271,423
Creditors: Amounts falling due within one year					(80,002)			(278,492)
Net current assets/(liabilities)					556			(7,069)
Net assets					564			833
Capital and reserves
Called up share capital		3			4			4
Capital redemption reserve					4			4
Profit and loss account					556			825
Shareholders' funds					564			833

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Fenn's (Farnborough) Holdings Limited
(Registration number: 03239995)
Abbreviated Balance Sheet at 28 February 2015
......... continued

For the year ending 28 February 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 24 November 2015

.........................................
C R Light
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Fenn's (Farnborough) Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 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).

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.

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents the net amount invoiced for services provided, net of VAT.

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
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance
Computer equipment	33.33% reducing balance

Fixed asset investments

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

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.

Page 3

Fenn's (Farnborough) Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 March 2014		18,710			8			18,718
Disposals		(18,710)			-			(18,710)
At 28 February 2015		-			8			8
Depreciation
At 1 March 2014		10,816			-			10,816
Charge for the year		658			-			658
Eliminated on disposals		(11,474)			-			(11,474)
At 28 February 2015		-			-			-
Net book value
At 28 February 2015		-			8			8
At 28 February 2014		7,894			8			7,902

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:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Fenn Night Vision Limited		Ordinary shares	100%	manufacture and repair of scientific instruments

The profit for the financial period of Fenn Night Vision Limited was £39,437 and the aggregate amount of capital and reserves at the end of the period was £575,611.

Page 4

Fenn's (Farnborough) Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
A, B, C, and D ordinary shares of £0.01 each		390			4			400			4

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