Vectis Securities Limited - Abbreviated accounts 16.3

Vectis Securities Limited - Abbreviated accounts 16.3

VECTIS SECURITIES LIMITED - Company Information

Print Friendly Version

03313696 1.9.15 31.8.16 31.8.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure033136962015-08-31033136962016-08-31033136962015-09-012016-08-31033136962014-08-31033136962014-09-012015-08-31033136962015-08-3103313696ns12:England2015-09-012016-08-3103313696ns14:PoundSterling2015-09-012016-08-3103313696ns7:Director12015-09-012016-08-3103313696ns7:OrdinaryShareClass12015-09-012016-08-3103313696ns7:CompanySecretary2015-09-012016-08-3103313696ns7:RegisteredOffice2015-09-012016-08-3103313696ns7:EntityAccountantsOrAuditors2015-09-012016-08-3103313696ns5:LandBuildingsns5:OwnedOrFreeholdTangibleFixedAssets2015-09-012016-08-3103313696ns5:ComputerEquipment2015-09-012016-08-3103313696ns5:FixedAssetInvestmentsOtherThanLoans2016-08-3103313696ns5:FixedAssetInvestmentsOtherThanLoans2015-08-3103313696ns7:OrdinaryShareClass12016-08-3103313696ns7:OrdinaryShareClass12015-08-31
REGISTERED NUMBER: 03313696 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

VECTIS SECURITIES LIMITED

VECTIS SECURITIES LIMITED (REGISTERED NUMBER: 03313696)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

VECTIS SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2016







DIRECTOR: J J Clarke





SECRETARY: Dr L M Bullock





REGISTERED OFFICE: White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY





REGISTERED NUMBER: 03313696 (England and Wales)





ACCOUNTANTS: Wentworths & Associates Limited
White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY
Page 1
VECTIS SECURITIES LIMITED (REGISTERED NUMBER: 03313696)

ABBREVIATED BALANCE SHEET
31 AUGUST 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 462,463 462,626
Investments 3 167,882 250,000
630,345 712,626

CURRENT ASSETS
Debtors 15,567 6,567
Cash at bank and in hand 2,714,000 2,671,526
2,729,567 2,678,093
CREDITORS
Amounts falling due within one year 394,335 461,916
NET CURRENT ASSETS 2,335,232 2,216,177
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,965,577
2,928,803

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 2,965,575 2,928,801
SHAREHOLDERS' FUNDS 2,965,577 2,928,803

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

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

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 29 May 2017 and were signed by:





J J Clarke - Director


The notes form part of these abbreviated accounts

Page 2
VECTIS SECURITIES LIMITED (REGISTERED NUMBER: 03313696)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016

1. ACCOUNTING POLICIES

Accounting convention
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).

Turnover
Revenue, described as turnover, is the value of fees (net of value added tax) earned during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property - not provided
Office equipment - 25% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

Depreciation has not been provided on the investment property as is required by the Companies Acts. This is in
order that the financial statements comply with Statement of Standard Accounting Practice No. 19.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 467,110
Additions 320
At 31 August 2016 467,430
DEPRECIATION
At 1 September 2015 4,484
Charge for year 483
At 31 August 2016 4,967
NET BOOK VALUE
At 31 August 2016 462,463
At 31 August 2015 462,626

The freehold investment property was valued on an open market basis at the year end by the director.

Page 3
VECTIS SECURITIES LIMITED (REGISTERED NUMBER: 03313696)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 September 2015 250,000
Repayments (82,118 )
At 31 August 2016 167,882
NET BOOK VALUE
At 31 August 2016 167,882
At 31 August 2015 250,000

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

5. ULTIMATE CONTROLLING PARTY

The controlling party is J J Clarke.

Page 4