Henley Trading Limited - Abbreviated accounts 16.1

Henley Trading Limited - Abbreviated accounts 16.1

HENLEY TRADING LIMITED - Company Information

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REGISTERED NUMBER: 03214248 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

HENLEY TRADING LIMITED

HENLEY TRADING LIMITED (REGISTERED NUMBER: 03214248)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

HENLEY TRADING LIMITED (REGISTERED NUMBER: 03214248)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 - 875,676

CURRENT ASSETS
Debtors 1,104 -
Cash at bank 685,545 9,887
686,649 9,887
CREDITORS
Amounts falling due within one year 55,316 26,814
NET CURRENT ASSETS/(LIABILITIES) 631,333 (16,927 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
631,333
858,749

CREDITORS
Amounts falling due after more than one year - 23,540
NET ASSETS 631,333 835,209

CAPITAL AND RESERVES
Called up share capital 3 100 100
Revaluation reserve - 599,270
Profit and loss account 631,233 235,839
SHAREHOLDERS' FUNDS 631,333 835,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 notes form part of these abbreviated accounts

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HENLEY TRADING LIMITED (REGISTERED NUMBER: 03214248)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2016


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 16 November 2016 and were signed on its behalf by:





Dr S D Sutherland - Director


The notes form part of these abbreviated accounts

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HENLEY TRADING LIMITED (REGISTERED NUMBER: 03214248)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain
assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

With reference to the revaluation of the properties no provision has been made as there is no intention to sell the properties
in foreseeable future.

Investment properties
The investment property was sold in the year.Investment properties were previously valued at their open market value, in
accordance with the FRSSE (effective January 2015). The surplus or deficit on revaluation is transferred to a revaluation
reserve except where the deficit reduces the property below its historical cost in which case it is taken to the profit and loss
account.

No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act
2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current
value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view.
The provisions of the FRSSE (effective January 2015) in respect of investment properties have therefore been adopted in
order to give a true and fair view. If this departure from the Act had not been made the results for the year would have been
reduced by depreciation.

However the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been
shown cannot be separately identified or quantified.

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HENLEY TRADING LIMITED (REGISTERED NUMBER: 03214248)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2016


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 880,594
Disposals (880,594 )
At 30 June 2016 -
DEPRECIATION
At 1 July 2015 4,918
Charge for year 101
Eliminated on disposal (5,019 )
At 30 June 2016 -
NET BOOK VALUE
At 30 June 2016 -
At 30 June 2015 875,676

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

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