Abbreviated Company Accounts - ROBERT FRASER ASSET MANAGEMENT LIMITED

ROBERT FRASER ASSET MANAGEMENT LIMITED - Company Information

02269280 ROBERT FRASER ASSET MANAGEMENT LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 02269280 2015-01-01 2015-12-31 02269280 2015-12-31 02269280 2014-12-31 02269280 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 02269280 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 02269280

ROBERT FRASER ASSET MANAGEMENT LIMITED

Abbreviated Accounts

31 December 2015

ROBERT FRASER ASSET MANAGEMENT LIMITED Registered Number 02269280

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	-	546
Investments	3	66	66
		66	612
Current assets
Debtors		980,460	960,472
Cash at bank and in hand		2,336	22,557
		982,796	983,029
Creditors: amounts falling due within one year		(229,071)	(229,121)
Net current assets (liabilities)		753,725	753,908
Total assets less current liabilities		753,791	754,520
Total net assets (liabilities)		753,791	754,520
Capital and reserves
Called up share capital	4	4,010,422	4,010,422
Profit and loss account		(3,256,631)	(3,255,902)
Shareholders' funds		753,791	754,520

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2016

And signed on their behalf by:
Mr C Emson, Director

ROBERT FRASER ASSET MANAGEMENT LIMITED Registered Number 02269280

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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).

Tangible assets depreciation policy
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 25% straight line
Motor vehicles 25% straight line

Intangible assets amortisation policy
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Other accounting policies
Consolidation
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

2Tangible fixed assets

	£
Cost
At 1 January 2015	4,381
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	4,381
Depreciation
At 1 January 2015	3,835
Charge for the year	546
On disposals	-
At 31 December 2015	4,381
Net book values
At 31 December 2015	0
At 31 December 2014	546

3Fixed assets Investments
Cost
At 1 January 2015: 29,053
Disposals : (28,987)
At 31 December 2015: 66

Net book value
At 31 December 2015: 66
At 31 December 2014: 66

Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:

Company: Sterling Credit Guarantee Company Limited
Country of registration or incorporation: England and Wales
Shares held: Ordinary 99.99%

Company: The Long Barn (Hampshire) Limited
Country of registration or incorporation: England and Wales
Shares held: Ordinary 100%

Company: Robert Fraser Marine Limited
Country of registration or incorporation: England and Wales
Shares held: Ordinary 100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Company: Sterling Credit Guarantee Company Limited
Principal activity: research and development of new financing concepts
Capital and reserves: £(92,128)
Profit/ (loss) for the year: £(4)

Company: The Long Barn (Hampshire) Limited
Principal activity: preparation of venues for the operation of events
Capital and reserves: £27,051
Profit/ (loss) for the year: £13,873

Company: Robert Fraser Marine Limited
Principal activity: provision of executives
Capital and reserves: £130,600
Profit/ (loss) for the year: 0

The company also owns 10 Ordinary Shares of £0.10 each in Sterling Trust Limited, representing less than 0.01% of the issued share capital of the company. The company is registered in England and Wales and it's principal activity is that of an investment holding company.

The company also owns 100 Ordinary Shares of $1.00 in The Enigma Cargo Acquisition Co Ltd, a company registered in the British Virgin Islands. The company was dormant throughout the year.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
80,208,440 Ordinary shares of £0.05 each	4,010,422	4,010,422