| MAX THOMAS FAMILY HOLDINGS LIMITED |
Registered number |
|
|
|
|
|
|
|
01317804 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
8,540,950 |
|
|
8,750,108 |
| Investments |
3 |
|
|
800 |
|
|
800 |
|
|
|
|
8,541,750 |
|
|
8,750,908 |
|
| Current assets |
| Debtors |
|
|
176 |
|
|
35,488 |
| Cash at bank and in hand |
|
|
353,979 |
|
|
120,526 |
|
|
|
354,155 |
|
|
156,014 |
|
| Creditors: amounts falling due within one year |
|
|
(249,535) |
|
|
(158,613) |
|
| Net current assets/(liabilities) |
|
|
|
104,620 |
|
|
(2,599) |
|
| Total assets less current liabilities |
|
|
|
8,646,370 |
|
|
8,748,309 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(73,416) |
|
|
(160,716) |
|
| Net assets |
|
|
|
8,572,954 |
|
|
8,587,593 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,685,660 |
|
|
1,685,660 |
| Share premium |
|
|
|
57,500 |
|
|
57,500 |
| Revaluation reserve |
|
|
|
4,059,060 |
|
|
4,229,893 |
| Profit and loss account |
|
|
|
2,770,734 |
|
|
2,614,540 |
|
| Shareholders' funds |
|
|
|
8,572,954 |
|
|
8,587,593 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit 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 the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
| Approved by the board on 16 December 2016 |
|
| Mr S A Thomas |
| Director |
|
| MAX THOMAS FAMILY HOLDINGS LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention as modified to include the revaluation of the land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
|
Group Accounts |
|
The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option available under section 398 of the Companies Act 2006 not to prepare group financial statements and accordingly these financial statements present information about the company as a single undertaking.
|
|
|
Turnover |
|
Turnover represents the rental income receivable from tenants. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold land and buildings |
not depreciated |
|
Long leasehold land and buildings |
not depreciated |
|
Plant and machinery |
15% on reducing balance |
|
|
|
Investment properties |
|
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation is provided in respect of properties held as investments. This is a departure from the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The director considers that this policy results in the accounts giving a true and fair view.
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from material timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
9,042,276 |
|
Disposals |
(207,500) |
|
At 31 March 2016 |
8,834,776 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
292,168 |
|
Charge for the year |
1,658 |
|
At 31 March 2016 |
293,826 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
8,540,950 |
|
At 31 March 2015 |
8,750,108 |
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 April 2015 |
800 |
|
|
At 31 March 2016 |
800 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Max Thomas Cash Limited |
Ordinary |
80 |
|
204,517 |
|
(197) |
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
435,160 |
|
435,150 |
|
435,150 |
|
A Ordinary shares |
£1 each |
|
1,250,500 |
|
1,250,510 |
|
1,250,510 |
|
|
|
|
|
|
1,685,660 |
|
1,685,660 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr S A Thomas |
|
Amount due from (to) the director |
36,519 |
|
(36,519) |
|
(423) |
|
(423) |
|
|
Mrs A Newson |
|
Amount due from (to) the director |
4,728 |
|
(4,728) |
|
- |
|
- |
|
|
Mrs M Thomas |
|
Amount due from (to) the director |
15,338 |
|
(15,338) |
|
- |
|
- |
|
|
|
56,585 |
|
(56,585) |
|
(423) |
|
(423) |
|
|
|
|
|
|
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|
