Penny Harwood STC Trading Limited - Period Ending 2017-06-30

Registration number: 08113443

Penny Harwood STC Trading Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2016
 

Penny Harwood STC Trading Limited
Contents

Company Information 1

Director's Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 5

Penny Harwood STC Trading Limited
Company Information

Director

Mr Jonathan Gain

Company secretary

Stellar Company Secretary Limited

Registered office

STELLAR ASSET MANAGEMENT KENDAL HOUSE 1 CONDUIT STREET LONDON W1S 2XA

Bankers

Royal Bank of Scotland plc Marylebone North West House 119 Marylebone Road London NW1 5PY

Page 1

Penny Harwood STC Trading Limited
Director's Report for the Year Ended 30 June 2016

The director presents his report and the unaudited financial statements for the year ended 30 June 2016.

Director of the company

The director who held office during the year was as follows:

Mr Jonathan Gain

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 24 March 2017 and signed on its behalf by:

.........................................
Mr Jonathan Gain
Director

Page 2

Penny Harwood STC Trading Limited
(Registration number: 08113443)
Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Investments		2			194,670			157,938
Current assets
Cash at bank and in hand					3,106			28,459
Net assets					197,776			186,397
Capital and reserves
Called up share capital		3			110,000			110,000
Share premium account		4			78,135			78,135
Revaluation reserve		4			16,671			2,939
Profit and loss account		4			(7,030)			(4,677)
Shareholders' funds					197,776			186,397

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

For the year ending 30 June 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the director on 24 March 2017

.........................................
Mr Jonathan Gain
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Penny Harwood STC Trading Limited
Notes to the Financial Statements for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

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).

Fixed asset investments

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

2	Investments held as fixed assets

		2016 £			2015 £
Shares in group undertakings and participating interests		194,670			157,938

Shares in group undertakings and participating interests

		Joint ventures and associates £			Total £
Cost
At 1 July 2015		157,938			157,938
Revaluation		13,732			13,732
Additions		23,000			23,000
At 30 June 2016		194,670			194,670
Net book value
At 30 June 2016		194,670			194,670
At 30 June 2015		157,938			157,938

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £0.50 each		220,000			110,000			220,000			110,000

Page 4

Penny Harwood STC Trading Limited
Notes to the Financial Statements for the Year Ended 30 June 2016
......... continued

4

Reserves

		Share premium account £			Revaluation reserve £			Profit and loss account £			Total £
At 1 July 2015		78,135			2,939			(4,677)			76,397
Loss for the year		-			-			(2,353)			(2,353)
Unrealised gain on trade investments		-			13,732			-			13,732
At 30 June 2016		78,135			16,671			(7,030)			87,776

Page 5