Hevelius Holdings Limited - Period Ending 2015-03-31

Registration number: 07033045

Hevelius Holdings Limited Unaudited Abbreviated Accounts for the Year Ended 31 March 2015

Hevelius Holdings Limited
Contents

Abbreviated Balance Sheet   1

Notes to the Abbreviated Accounts   2 to 3

Hevelius Holdings Limited
(Registration number: 07033045)
Abbreviated Balance Sheet at 31 March 2015

	Note		2015						2014
	£			£			£			£
Fixed assets
Investments	2					401						401
Current assets
Debtors			1,956,304						2,133,604
Creditors: Amounts falling due within one year			(500)						(500)
Net current assets						1,955,804						2,133,104
Total assets less current liabilities						1,956,205						2,133,505
Creditors: Amounts falling due after more than one year						(1,850,355)						(2,027,655)
Net assets						105,850						105,850
Capital and reserves
Called up share capital	3		10,000						10,000
Share premium account			99,000						99,000
Profit and loss account			(3,150)						(3,150)
						105,850						105,850

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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.

Approved by the Board on 18 December 2015 and signed on its behalf by:

......................................... Mrs K C Honeybone Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Hevelius Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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 and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Fixed asset investments

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

2	Fixed assets

		Investments £			Total £
Cost
At 1 April 2014		401			401
At 31 March 2015		401			401
Depreciation
At 31 March 2015		-			-
Net book value
At 31 March 2015		401			401
At 31 March 2014		401			401

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

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Proteus Sports and Racing Cars Limited	Ordinary	100%	Manufacture of motor vehicles
Orthosie Limited	Ordinary	100%	Manufacture of motor vehicles

The loss for the financial period of Proteus Sports and Racing Cars Limited was £32,581 and the aggregate amount of capital and reserves at the end of the period was £642,790.

The profit for the financial period of Orthosie Limited was £39,025 and the aggregate amount of capital and reserves at the end of the period was (£497,633).

Page 2

Hevelius Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		10,000			10,000			10,000			10,000

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr N J Forsyth
Directors loan account	982,855	-	1,160,155	-

5

Control

The company is controlled by the directors by virtue of their shareholdings.

Page 3