Abbreviated Company Accounts - ICH HOLDINGS LIMITED

Abbreviated Company Accounts - ICH HOLDINGS LIMITED


Registered Number 01365338

ICH HOLDINGS LIMITED

Abbreviated Accounts

28 February 2015

ICH HOLDINGS LIMITED Registered Number 01365338

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 280,702 200,825
Investments 3 3,947 3,947
284,649 204,772
Current assets
Debtors 34,278 34,298
Cash at bank and in hand 7,077 6,715
41,355 41,013
Creditors: amounts falling due within one year (14,462) (14,511)
Net current assets (liabilities) 26,893 26,502
Total assets less current liabilities 311,542 231,274
Total net assets (liabilities) 311,542 231,274
Capital and reserves
Called up share capital 4 10,000 10,000
Revaluation reserve 83,794 3,794
Profit and loss account 217,748 217,480
Shareholders' funds 311,542 231,274
  • 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 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 24 November 2015

And signed on their behalf by:
H. Deutsch, Director

ICH HOLDINGS LIMITED Registered Number 01365338

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of the investment property and the Companies Act 2006 and incorporate the results of the company's principal activity which is described in the directors' report and which is continuing.

Turnover policy
Turnover represents rents receivable and insurance premiums reimbursed in respect of U.K. property investments.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on the reducing balance basis method, calculated to write off the cost of the company's office furniture and equipment over its expected useful life, at 15% per annum.

No depreciation has been provided on the company's freehold investment properties, which have been included in the accounts at valuation.

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

2Tangible fixed assets
£
Cost
At 1 March 2014 204,651
Additions 80,000
Disposals -
Revaluations -
Transfers -
At 28 February 2015 284,651
Depreciation
At 1 March 2014 3,826
Charge for the year 123
On disposals -
At 28 February 2015 3,949
Net book values
At 28 February 2015 280,702
At 28 February 2014 200,825

3Fixed assets Investments
The market value of these investments at 28 February 2015 was £11,862 (20134 - £10,667).

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
6,667 A Ordinary shares of £1 each 6,667 6,667
3,333 B Ordinary shares of £1 each 3,333 3,333