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TENHURST CAPITAL (GLEN) LIMITED
REGISTERED NUMBER: 08888885
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ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2016
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
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J R G Hunter
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The notes on pages 2 to 3 form part of these financial statements.
1
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TENHURST CAPITAL (GLEN) LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
1.Accounting Policies
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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At the balance sheet date, the company's liabilities exceeded assets by £210,789 (2015: £96,378) and the company is therefore reliant on its parent company and principal creditor Tenhurst Limited for continued support. The directors are confident that the parent company has adequate resources to continue to support this company for the foreseeable future and is satisfied that the accounts have been properly prepared on a going concern basis.
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Investments held as fixed assets are shown at cost less provision for impairment.
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2.Fixed asset investments
3.Share capital
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Allotted, called up and fully paid
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100 Ordinary shares of £1 each
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4.Contingent liabilities
Tenhurst Capital (Glen) Limited is a subsidiary of Tenhurst Limited. Tenhurst Capital (Glen) Limited has provided a cross guarantee by way of a first fixed charge over its assets relating to a secured loan in Tenhurst Limited and any associated costs of recovery. As at the balance sheet date, the amount outstanding on the loan held by Tenhurst Limited stood at £2,100,000 (2015: £2,100,000).
2
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TENHURST CAPITAL (GLEN) LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
5.Ultimate parent undertaking and controlling party
The company is a wholly owned subsidiary of Tenhurst Limited. The ultimate controlling party of the company for the current period is Mr J R G Hunter by virtue of his majority shareholding.
3
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