Hollands Limited - Abbreviated accounts 16.1

HOLLANDS LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P D Holland

Mrs L Holland

C D Skelton

SECRETARY:

Mrs L Holland

REGISTERED OFFICE:

Brookside House Farm

Wood Lane

Yoxall

Burton on Trent

Staffordshire

DE13 8PH

REGISTERED NUMBER:

03418167 (England and Wales)

ACCOUNTANTS:

Haslehursts Limited

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

FIXED ASSETS

Tangible assets

2

3,721

4,929

Investments

3

159,468

Investment property

4

62,981

-

226,170

164,397

CURRENT ASSETS

Stocks

186,874

467,749

Debtors

2,882

2,881

Cash at bank

88,322

107,812

278,078

578,442

CREDITORS

Amounts falling due within one year

5

(438,262

)

(698,683

)

NET CURRENT LIABILITIES

(160,184

)

(120,241

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

65,986

44,156

CAPITAL AND RESERVES

Called up share capital

6

297,000

Profit and loss account

(231,014

)

(252,844

)

SHAREHOLDERS' FUNDS

65,986

44,156

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 May 2016 and were signed on its
behalf by:

P D Holland - 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 April 2008).

The accounts are prepared on the going concern basis on the assumption that the company's

creditors, in particular the director of the company continues to provide financial support to the

company.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

14,868

DEPRECIATION

At 1 September 2014

9,939

Charge for year

1,208

At 31 August 2015

11,147

NET BOOK VALUE

At 31 August 2015

3,721

At 31 August 2014

4,929

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2014

and 31 August 2015

159,468

NET BOOK VALUE

At 31 August 2015

159,468

At 31 August 2014

159,468

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

following:

West Midland Properties Limited

Nature of business:

%

Class of shares:

holding

Ordinary

40.00

31/12/14

31/12/13

£

Aggregate capital and reserves

374,102

382,705

Loss for the year

(8,603

)

(39,041

)

4.	INVESTMENT PROPERTY

Total

£

COST

Additions

62,981

At 31 August 2015

62,981

NET BOOK VALUE

At 31 August 2015

62,981

5.

CREDITORS

Creditors include an amount of £ 0 (2014 - £ 280,000 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

297,000

Ordinary

£1

297,000