Healey Automobile Consultants Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 00546832 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Healey Automobile Consultants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W Cardiff

D Schlatter

REGISTERED OFFICE:

65-66 Lincoln's Inn Fields

London

WC2A 3LH

REGISTERED NUMBER:

00546832 (England and Wales)

ACCOUNTANTS:

Irwin Mitchell LLP

Thomas Eggar House

Friary Lane

Chichester

West Sussex

PO19 1UF

FIXED ASSETS

Intangible assets

3

11,181

11,181

CREDITORS

Amounts falling due within one year

4

600

600

NET CURRENT LIABILITIES

(600

)

(600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,581

10,581

CREDITORS

Amounts falling due after more than one year

5

209,851

209,851

NET LIABILITIES

(199,270

)

(199,270

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(199,370

)

(199,370

)

SHAREHOLDERS' FUNDS

(199,270

)

(199,270

)

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

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

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 May 2017 and were signed on its behalf by:

D Schlatter - Director

1.	STATUTORY INFORMATION

Healey Automobile Consultants Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found

on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with Financial Reporting Standard 102

(FRS 102), as applicable to companies subject to the small company regime. The disclosure

requirements of Section 1A of FRS 102 have been adopted and applied other than where additional

disclosure is required to show a true and fair view. The financial statements have been prepared

under the historical cost convention.

This is the first set of financial statements prepared in accordance with FRS 102. The date of

transition is 1 January 2016. There are no adjustments as a result of adopting FRS 102.

The company has taken advantage of section 35.10 of FRS 102 for dormant companies and

retained its current accounting policies for reported assets, liabilities and equity at the date of

transition until there is any change to those balances or until the company ceases to be dormant.

The financial statements are prepared on a going concern basis.

The financial statements are presented in Sterling (£).

The company was dormant throughout the year ended 31 December 2016. However, reference to

information relating to the year ended 31 December 2015 has been made where appropriate.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

The company has taken advantage of section 35.10 of FRS 102 for dormant companies and

retained its accounting policy for intangible assets.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2016

and 31 December 2016

11,181

NET BOOK VALUE

At 31 December 2016

11,181

At 31 December 2015

11,181

The Directors have considered the value of the intangible assets and considered that it has not

changed.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

600

600

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

209,851

209,851

Trade creditors includes an amount due for the year ended 31 December 2016 of £198,995 (2015

: £198,995) to Fairlands Holdings AG, the ultimate parent company.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Schlatter.