HPC Corporation Limited - Abbreviated accounts 16.1
HPC Corporation Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2016 |
| for |
| HPC Corporation Limited |
| HPC Corporation Limited (Registered number: 03197176) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| HPC Corporation Limited |
| Company Information |
| for the Year Ended 31 March 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| HPC Corporation Limited (Registered number: 03197176) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on its behalf by: |
| HPC Corporation Limited (Registered number: 03197176) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective January 2015). |
| Preparation of consolidated financial statements |
| The financial statements contain information about HPC Corporation Limited as an individual company |
| and do not contain consolidated financial information as the parent of a group. The company has taken |
| the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial |
| statements. |
| Turnover |
| Turnover represents net invoiced fees for management services provided, excluding value added tax. |
| Rents receivable on property income are included in other income |
| Goodwill |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investment property |
| Investment property held primarily for gain potential is not depreciated but revalued annually at fair |
| value, notwithstanding the use by subsidiaries in their business activities. Any aggregate surplus or |
| deficit arising from changes in market value is transferred to a revaluation reserve, with the movement |
| being charged or credited to the income statement. The effect of this departure is given in the |
| Investment property notes. |
| Deferred taxation |
| Provision is made at current rates for taxation deferred in respect of all material timing differences. |
| Fixed asset investments |
| Fixed asset investments are stated at cost less amounts written off. |
| HPC Corporation Limited (Registered number: 03197176) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| AMORTISATION |
| At 1 April 2015 |
| Amortisation for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Disposals | ( |
) |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Eliminated on disposal | ( |
) |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 | 23,358 |
| PROVISIONS |
| At 1 April 2015 |
| and 31 March 2016 | 13,277 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| HPC Corporation Limited (Registered number: 03197176) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 61.54 |
| £ | £ |
| Aggregate capital and reserves | 3,611,966 | 3,652,611 |
| Profit for the year | 959,355 | 1,256,869 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary A | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 297,296 | 297,296 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 20,383 | 20,383 |
| The shares in HPC Manufacturing Limited are owned directly by HPC Industries Limited. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 61.54 |
| £ | £ |
| Aggregate capital and reserves | 100 | 100 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2015 |
| and 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| HPC Corporation Limited (Registered number: 03197176) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |