Abbreviated Company Accounts - HERRIARD RECOVERIES LTD

HERRIARD RECOVERIES LTD - Company Information

05715580 HERRIARD RECOVERIES LTD 2015-09-30 false 2014-04-01 2015-09-30 true 05715580 2014-04-01 2015-09-30 05715580 2015-09-30 05715580 2014-03-31 05715580 uk-gaap-cd-bus:Director1 2014-04-01 2015-09-30 05715580 uk-gaap-cd-bus:Director2 2014-04-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 05715580

HERRIARD RECOVERIES LTD

Abbreviated Accounts

30 September 2015

HERRIARD RECOVERIES LTD Registered Number 05715580

Abbreviated Balance Sheet as at 30 September 2015

	Notes	30/09/2015	31/03/2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets		-	-
Investments		-	-
		-	-
Current assets
Stocks		-	-
Debtors		245,814	1,113,572
Investments		210,500	-
Cash at bank and in hand		94,361	-
		550,675	1,113,572
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(544,297)	(1,105,798)
Net current assets (liabilities)		6,378	7,774
Total assets less current liabilities		6,378	7,774
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		-	0
Total net assets (liabilities)		6,378	7,774
Capital and reserves
Called up share capital	2	1	1
Share premium account		0	0
Other reserves		7,773	3,302
Profit and loss account		(1,396)	4,471
Shareholders' funds		6,378	7,774

For the year ending 30 September 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 14 November 2016

And signed on their behalf by:
Mr Nicolas Smale, Director

HERRIARD RECOVERIES LTD Registered Number 05715580

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Valuation information and policy
Investments valuation basis: investments have been valued at cost and the Director confirms that at the time of signing, no impairment provision is neceessary

Other accounting policies
Basis of Accounting: the financial statements have been prepared under the historic cost convention and in accordance with Financial Reporting Standard for Smaller Entities.

Going Concern Basis: Debtors include an amount due from a former customer where legal action has been taken. There is some doubt over the amount that will be recovered and the director has made a provision against the amount due. The director is confident that the amounts currently showing as debtors will be recovered. Investments consist of equity and loan investments into small private companies made in the expectation of future profits.
On the strength of these assets, the Director considers it appropriate to prepare the accounts on a going concern basis.

Ultimate Parent Company and inter company balances
The ultimate parent company is Phoenicks Limited (formerly Nickleby & Co Limited) a company registered in England and Wales.
At the balance sheet date, Herriard Recoveries Limited (formerly Nickleby FM Limited) owed Phoenicks Limited (formerly Nickleby & Co Limited) £542,213 (2014 £929,521) which is included within creditors.

2Called Up Share Capital
Allotted, called up and fully paid:

	30/09/2015 £	31/03/2014 £
1 Ordinary shares of £1 each	1	1