Liz Hobbs Group Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03995769

LIZ HOBBS GROUP LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Mrs E L Doogan-Hobbs

R M Doogan-Hobbs

REGISTERED OFFICE:

Music Factory

Jessop Way

Newark

Nottinghamshire

NG24 2ER

REGISTERED NUMBER:

03995769

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Tangible assets

2

789,339

641,060

Investments

3

6

789,345

641,066

CURRENT ASSETS

Stocks

15,000

-

Debtors

1,720,636

1,463,282

Cash at bank and in hand

320

38,652

1,735,956

1,501,934

CREDITORS

Amounts falling due within one year

4

1,343,737

1,057,255

NET CURRENT ASSETS

392,219

444,679

TOTAL ASSETS LESS CURRENT LIABILITIES

1,181,564

1,085,745

CREDITORS

Amounts falling due after more than one
year

4

(187,751

)

(209,932

)

PROVISIONS FOR LIABILITIES

(90,624

)

(86,319

)

NET ASSETS

903,189

789,494

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

903,188

789,493

SHAREHOLDERS' FUNDS

903,189

789,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 April 2016 and were signed on its behalf by:

Mrs E L Doogan-Hobbs - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

During the year the directors reviewed the rates of depreciation in use and depreciation is now provided at the

following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements - 10% on reducing balance

Plant and machinery - 20% on reducing balance

Fixtures and fittings - 25% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

1,319,804

Additions

285,482

At 31 December 2015

1,605,286

DEPRECIATION

At 1 January 2015

678,744

Charge for year

137,203

At 31 December 2015

815,947

NET BOOK VALUE

At 31 December 2015

789,339

At 31 December 2014

641,060

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

6

NET BOOK VALUE

At 31 December 2015

6

At 31 December 2014

6

The company's investments at the Balance Sheet date in the share capital of companies include the following:

LHG Live Limited

Nature of business: Entertaining and concert promoter and producer

%

Class of shares:

holding

Ordinary

100.00

Superbike Live Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

LHG Productions Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

4.

CREDITORS

Creditors include an amount of £ 355,357 (31.12.14 - £ 332,377 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1

Ordinary share

1

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Liz Hobbs Group Limited for the year ended 31 December 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Liz Hobbs Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Liz Hobbs Group Limited and state those matters that we have agreed to state to the Board of Directors of Liz Hobbs Group Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Liz Hobbs Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Liz Hobbs Group Limited. You consider that Liz Hobbs Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Liz Hobbs Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

29 April 2016