STANMORE_INSURANCE_HOLDIN - Accounts
STANMORE_INSURANCE_HOLDIN - Accounts
Company Registration No. 05811828 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STANMORE INSURANCE HOLDINGS LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stanmore Insurance Holdings Limited for the year ended 30 September 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Stanmore Insurance Holdings 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 financial statements of Stanmore Insurance Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Stanmore Insurance Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stanmore Insurance Holdings Limited and it's Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Stanmore Insurance Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stanmore Insurance Holdings Limited. You consider that Stanmore Insurance Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Stanmore Insurance Holdings 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 financial statements.
Moore and Smalley LLP
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
Current assets
Cash at bank and in hand
-
Creditors: amounts falling due within one year
(1,053,949 )
(1,053,995 )
Net current liabilities
(1,053,949 )
(1,053,867 )
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Share premium account
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 19 April 2017
Director
Company Registration No. 05811828
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
1.2
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 (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
1.5
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2
Fixed assets
Investments
£
Cost
At 1 October 2015 & at 30 September 2016
2,062,111
Net book value
At 30 September 2016
2,062,111
At 30 September 2015
2,062,111
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Ordinary
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
2
Fixed assets
(Continued)
- 4 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
1,193,349
334,073
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
Each class of shares has full voting rights and ranks pari passu in all other respects.
4
Ultimate parent company
The company is a wholly owned subsidiary of Stanmore Group Limited, a company incorporated in England and Wales.