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THOMAS BROTHERS (LEEDS) LIMITED
REGISTERED NUMBER: 03705005
ABBREVIATED BALANCE SHEET
AS AT 31 JULY 2016
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 July 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 13 April 2017.
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L Thomas
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
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THOMAS BROTHERS (LEEDS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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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).
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Investments held as fixed assets are shown at cost less provision for impairment and equalisation payments.
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2.FIXED ASSET INVESTMENTS
Listed investments
The market value of the listed investments at 31 July 2016 was £276,778 (2015 - £282,781).
Page 2
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THOMAS BROTHERS (LEEDS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
3.SHARE CAPITAL
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Allotted, called up and fully paid
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1 "A" ordinary share of £1
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100 "B" ordinary shares of £1 each
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899 ordinary shares of £1 each
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The Ordinary shares, the "A" ordinary shares and the "B" ordinary shares shall rank pari passu for all purposes apart from the following:
On voting the "B" ordinary shareholders shall not be able to vote on any matter other than on a resolution concerning the class rights of "B" shares.
On income the holders of "B" ordinary shares shall be entitled to receive the first £100,000 of any dividends declared in respect of an accounting period.The holders of the ordinary shares and the "A" ordinary share shall be entitled to the next £900,000 of any dividends declared in respect of an accounting period.If the accounting period is either less than or larger than one year the amounts of £100,000 and £900,000 will be amended proportionately to the length of time which the accounting period is shorter than or longer than a year.
On a return of assets on liquidation or otherwise, the assets of the company remaining after the payment of its liabilities shall be applied as follows:
1. In paying to the holder of the "A" ordinary share the amount of £249,998.
2. The balance of such assets shall be distributed amongst the holders of the Ordinary shares, the "A" ordinary share and the "B" ordinary shares pro-rata according to the amount paid up or credited as paid up on their shares.
4.CONTROLLING PARTY
In the opinion of the director there was no ultimate controlling party.
Page 3
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