The Vantage Point Group Holdings Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03190002 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

The Vantage Point Group Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J H Denham

SECRETARY:

Mrs J S A Denham

REGISTERED OFFICE:

Fifth Floor

11 leadenhall Street

London

EC3V 1LP

REGISTERED NUMBER:

03190002 (England and Wales)

ACCOUNTANTS:

Acuity Professional Ltd

Business Advisers and Accountants

Fifth Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Intangible assets

2

208,446

322,144

Tangible assets

3

3,802

5,069

Investments

4

227,269

263,251

439,517

590,464

CURRENT ASSETS

Debtors

32,655

57,334

Prepayments and accrued income

1,177

2,416

Cash at bank

216,345

43,985

250,177

103,735

CREDITORS

Amounts falling due within one year

138,909

87,886

NET CURRENT ASSETS

111,268

15,849

TOTAL ASSETS LESS CURRENT LIABILITIES

550,785

606,313

CREDITORS

Amounts falling due after more than one year

(131,425

)

(202,397

)

PROVISIONS FOR LIABILITIES

(330

)

(489

)

ACCRUALS AND DEFERRED INCOME

(86,544

)

(13,187

)

NET ASSETS

332,486

390,240

CAPITAL AND RESERVES

Called up share capital

5

30,000

30,000

Share premium

525

525

Profit and loss account

301,961

359,715

SHAREHOLDERS' FUNDS

332,486

390,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 27 January 2017 and were signed by:

Mr J H Denham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about The Vantage Point Group Holdings Limited as an

individual company and do not contain consolidated financial information as the parent of a group. The

company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated

financial statements.

Turnover

Turnover represents the value, net of value added tax and discounts, of services provided to customers.

Turnover is recognised when the event takes place.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

25% 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.

Research and development

Research and development expenditure is written off in the profit and loss account in the year to which the

expenditure relates. The tax relief on research and development expenditure will be recognised in the financial

statements in the year it has been approved by HMRC.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets

and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance

sheet date. All differences are taken to the profit and loss account.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss

accounts as they become payable in accordance with rules of the scheme.

Fixed asset investments

Investments in subsidiaries and other entities are held at cost or cost less the decrease in value where this is

appropriate.

2.	INTANGIBLE FIXED ASSETS

Total

£

Cost

At 1 September 2015

and 31 August 2016

568,489

Amortisation

At 1 September 2015

246,345

Amortisation for year

113,698

At 31 August 2016

360,043

Net book value

At 31 August 2016

208,446

At 31 August 2015

322,144

3.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 September 2015

and 31 August 2016

19,442

Depreciation

At 1 September 2015

14,373

Charge for year

1,267

At 31 August 2016

15,640

Net book value

At 31 August 2016

3,802

At 31 August 2015

5,069

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

Cost

At 1 September 2015

and 31 August 2016

359,918

Provisions

At 1 September 2015

215,891

Charge for year

35,982

At 31 August 2016

251,873

Net book value

At 31 August 2016

108,045

At 31 August 2015

144,027

Investments (neither listed nor unlisted) were as follows:

2016

2015

£

£

Investment - The Vantage

Point Group LLP

119,224

119,224

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Travel Impact Limited

Country of incorporation: United Kingdom

Nature of business: Non-trading

%

Class of shares:

holding

Ordinary

100.00

Preference

100.00

2016

2015

£

£

Aggregate capital and reserves

43,000

43,000

Vantage Point Limited

Country of incorporation: United Kingdom

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

100

100

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

30,000

Ordinary

£1

30,000

30,000

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J H Denham, the sole director and owner of 60% of the issued share capital

of the company.