Horsleys (Cheltenham) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08698086 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 OCTOBER 2014 TO 31 MARCH 2016

FOR

HORSLEYS (CHELTENHAM) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs P J Schreuder

C J Soane

S J McKeag

B P Fenley

A Mylechreest

REGISTERED OFFICE:

Unit 10 Pullman Court

Great Western Road

Gloucester

Gloucestershire

GL1 3ND

REGISTERED NUMBER:

08698086 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

2

-

48,000

Investments

3

-

48,000

CURRENT ASSETS

Debtors

59,510

26,901

Cash at bank and in hand

10,124

240

69,634

27,141

CREDITORS

Amounts falling due within one year

71,241

78,910

NET CURRENT LIABILITIES

(1,607

)

(51,769

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,607

)

(3,769

)

CAPITAL AND RESERVES

Called up share capital

4

3

Profit and loss account

(1,610

)

(3,772

)

SHAREHOLDERS' FUNDS

(1,607

)

(3,769

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 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 27 September 2016 and were signed on
its behalf by:

Mrs P J Schreuder - Director

C J Soane - Director

S J McKeag - 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).

Turnover

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

Revenue is recognised upon completion of consultancy contracts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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.

Going concern

As at 1 April 2016, the trade and assets of Horsleys (Cheltenham) Ltd were transferred to Ash & Co

LLP (a Limited Liability Partnership under common control).

In accordance with their responsibilities, the directors have considered the appropriateness of the

going concern basis for the preparation of the financial statements. Due to the reason above, the

directors have determined that the financial statements should be prepared on a break up basis.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

60,000

Transfer to current assets

(60,000

)

At 31 March 2016

-

AMORTISATION

At 1 October 2014

12,000

Transfer to current assets

(12,000

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 30 September 2014

48,000

3.	FIXED ASSET INVESTMENTS

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

following:

W.H.Horsley & Co

Nature of business: Real Estate Agencies

%

Class of shares:

holding

750 Ordinary shares of £1 each

100.00

1500 6% Preference shares

100.00

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2014

value:

£

3

Ordinary

£1

3

5.	ULTIMATE CONTROLLING PARTY

Throughout the year the company was controlled by its directors and shareholders.