Abbreviated Company Accounts - HC GROUP LIMITED

Abbreviated Company Accounts - HC GROUP LIMITED

HC GROUP LIMITED - Company Information

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Registered Number 04214740

HC GROUP LIMITED

Abbreviated Accounts

31 March 2016

HC GROUP LIMITED Registered Number 04214740

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - 15,000
Tangible assets 3 712,397 753,530
712,397 768,530
Current assets
Debtors 100,280 73,017
100,280 73,017
Creditors: amounts falling due within one year (192,700) (221,570)
Net current assets (liabilities) (92,420) (148,553)
Total assets less current liabilities 619,977 619,977
Total net assets (liabilities) 619,977 619,977
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 619,877 619,877
Shareholders' funds 619,977 619,977
  • For the year ending 31 March 2016 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 22 December 2016

And signed on their behalf by:
A Spriggs, Director

HC GROUP LIMITED Registered Number 04214740

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

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

Compliance with Accounting Standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (excepted as otherwise stated).

Turnover policy
Turnover represents amounts receivable as a profit share from hc Solicitors LLP

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Investment
Fixed asset investments are stated at cost less provision for diminution in value.

Fixed Assets
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:-
Balfour Law Limited
Principal activity - Legal services
Capital and reserves 2016 - £7
Profit/(loss) for the year 2016 £0

Capital Investment Other than Loans
The company holds a small investment of £589,000 (£589,000 to 31 March 2015) other than loans which represents capital invested in Hunt & Coombs LLP.

2Intangible fixed assets
£
Cost
At 1 April 2015 55,000
Additions 11,063
Disposals -
Revaluations -
Transfers -
At 31 March 2016 66,063
Amortisation
At 1 April 2015 40,000
Charge for the year 26,063
On disposals -
At 31 March 2016 66,063
Net book values
At 31 March 2016 0
At 31 March 2015 15,000

Holding of More than 20%
The company holds more than 20% of the share capital of the following companies
Company - Subsidiary undertaking - Balfour Law Limited
Country of registration or incorporation - England and Wales
Class - Ordinary
Share held - 100%

3Tangible fixed assets
£
Cost
At 1 April 2015 794,663
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 794,663
Depreciation
At 1 April 2015 41,133
Charge for the year 41,133
On disposals -
At 31 March 2016 82,266
Net book values
At 31 March 2016 712,397
At 31 March 2015 753,530
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £0.01 each 1 1