Virtual Headquarters Limited - Period Ending 2016-04-30

Registration number: 09556484

Virtual Headquarters Limited

Unaudited Abbreviated Accounts

for the Period from 23 April 2015 to 30 April 2016

 

Newsham Hanson Ltd
Chartered Certified Accountants
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

Virtual Headquarters Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Virtual Headquarters Limited
for the Period Ended 30 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Virtual Headquarters Limited for the period ended 30 April 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Virtual Headquarters Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Virtual Headquarters Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Virtual Headquarters Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Virtual Headquarters Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Virtual Headquarters Limited. You consider that Virtual Headquarters Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Virtual Headquarters Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Newsham Hanson Ltd
Chartered Certified Accountants
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

13 January 2017

Page 1

Virtual Headquarters Limited
(Registration number: 09556484)
Abbreviated Balance Sheet at 30 April 2016

		Note			30 April 2016 £
Fixed assets
Tangible fixed assets					5,044
Current assets
Debtors					13,653
Cash at bank and in hand					1,886
					15,539
Creditors: Amounts falling due within one year					(52,086)
Net current liabilities					(36,547)
Net liabilities					(31,503)
Capital and reserves
Called up share capital		3			100
Profit and loss account					(31,603)
Shareholders' deficit					(31,503)

For the year ending 30 April 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 13 January 2017 and signed on its behalf by:

.........................................
 Mr K Hart
 Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Virtual Headquarters Limited
Notes to the Abbreviated Accounts for the Period from 23 April 2015 to 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis
Wedbiste	33.3% straight line basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		7,507			7,507
At 30 April 2016		7,507			7,507
Depreciation
Charge for the period		2,463			2,463
At 30 April 2016		2,463			2,463
Net book value
At 30 April 2016		5,044			5,044

Page 3

Virtual Headquarters Limited
Notes to the Abbreviated Accounts for the Period from 23 April 2015 to 30 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	30 April 2016
		No.			£
Ordinary shares of £1 each		100			100

4	Related party transactions

Directors' advances and credits

	23 April 2015 to 30 April 2016 Advance/ Credit £	23 April 2015 to 30 April 2016 Repaid £
Mr K Hart
During the year the company advanced the Director a total of £4,312. Interest has been charged to this at the official rate of interest. Also during the year the company paid the Director £7,818 in consultancy fees	4,442	-

5

Control

The company is controlled by Keiran Hart and Chadwick Holdings. The company is controlled by virtue of both of them owning 50% of the share capital.

Page 4