HALE_AND_CAINE_LIMITED - Accounts

MOMENTUM PLM LIMITED - Company Information

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Company Registration No. 07655103 (England and Wales)

HALE AND CAINE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

HALE AND CAINE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HALE AND CAINE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,260

Current assets

Debtors

100

Cash at bank and in hand

3,718

100

Creditors: amounts falling due within one year

(59,619)

Net current liabilities/(assets)

(55,901)

100

Total assets less current liabilities

(54,641)

100

Capital and reserves

Called up share capital

100

Profit and loss account

(54,741)

Shareholders' funds

(54,641)

100

For the financial Period ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 July 2016

G Morrall

Director

Company Registration No. 07655103

HALE AND CAINE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company's accounts are prepared on a going concern basis. This is on the assumption that the company will continue to receive the financial support from its creditors. At the balance sheet date these loans amounted to £48,338 and the director considers that this support will continue for the foreseeable future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

3 years straight line

Fixed assets

Tangible assets

Cost

At 1 July 2014

Additions

1,890

At 31 December 2015

1,890

Depreciation

At 1 July 2014

Charge for the period

630

At 31 December 2015

630

Net book value

At 31 December 2015

1,260

HALE AND CAINE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Included within other creditors is an amount of £44,708 which is due to I-Property (Birmingham) Limited. This is a company in which the director G Morrall has a material interest.