ACCOUNTS - Final Accounts preparation

HMS PARTNERS LIMITED - Company Information

HMS PARTNERS LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

Company Registration No. 09735134 (England and Wales)

	SHELLEY STOCK HUTTER LLP
	Chartered Accountants
	1st Floor
	7 - 10 Chandos Street
	London
	W1G 9DQ


HMS PARTNERS LIMITED REGISTERED NUMBER: 09735134

ABBREVIATED BALANCE SHEET

AS AT 31 DECEMBER 2016

2016

	Note	£	£
Fixed assets
Investments	2		81

Current assets
Debtors	16
Creditors: amounts falling due within one year	(681)
Net current liabilities		(665)

Total assets less current liabilities

(584)

Capital and reserves
Called up share capital	3	16
Profit and loss account		(600)

Shareholders' deficit

(584)

The directors consider 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 period in question in accordance with section 476 of the Act.

The directors acknowledge their 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 December 2016 and of its loss for the period 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 by:

................................................

G Simeloff

Director

Date: 16 May 2017

The notes on pages 2 to 3 form part of these financial statements.


HMS PARTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

1.Accounting policies

	1.1	Basis of preparation of financial statements
		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).
		The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

	1.2	Going concern
		As at the balance sheet date, the company's liabilities exceeded assets by £584. HMS Partners Limited has the support of its parent company for the foreseeable future. Therefore the directors are satisfied that the accounts have been properly preapared on going concern basis.

	1.3	Investments
		Investments held as fixed assets are shown at cost less provision for impairment.

2.Fixed asset investments

		£
	Cost or valuation
	At 16 August 2015	-
	Additions	81
	At 31 December 2016	81

	Net book value
	At 31 December 2016	81

Subsidiary undertakings

The following were subsidiary undertakings of the company:

		Name	Class of shares	Holding

Ray Luxury Inc (United States)

Ordinary

100%

The aggregate of the share capital and reserves as at 31 December 2016 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name	Aggregate of share capital and reserves	Profit/(loss)
	$	$

Ray Luxury Inc	1,374,102	1,374,102

The presented profit for the period for Ray Luxury Inc is based on the currently available management


HMS PARTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

2.Fixed asset investments (continued)

information.

3.Share capital

			2016
			£
		Allotted, called up and fully paid

		16,175 Ordinary shares of £0.001 each	16

On 16 August 2015 the company issued 3 Ordinary £1.00 shares at par, the allotment was fully paid up. These shares were subsequently subdivided into 3,000 £0.001 Ordinary shares.
On 23 September 2016 the company issued 13,175 Ordinary £0.001 shares at par, the allotment was fully paid up.

4.Ultimate parent undertaking and controlling party

The ultimate controlling party during the period was the parent comapny Sunshine Partners Group Limited by virtue of its majority shareholding.