Nordell Group Limited Small abbreviated accounts

NORDELL GROUP LIMITED - Company Information

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Company Registration Number 5310629

Nordell Group Limited

Unaudited Abbreviated Accounts

31 October 2016

Nordell Group Limited

Abbreviated Balance Sheet

31 October 2016

	2016		2015
Note	£	£	£

Fixed Assets

Investments	2	1,000	1,000
		-------	-------

Current Assets

Cash at bank and in hand	171		176

Creditors: Amounts Falling due Within One Year	( 171)		( 176)
	----		----
Net Current Assets		-	-
		-------	-------
Total Assets Less Current Liabilities		1,000	1,000
		-------	-------

Capital and Reserves

Called up equity share capital	4	666	666
Other reserves		334	334
		-------	-------
Shareholders' Funds		1,000	1,000
		-------	-------

For the year ended 31st October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 21 July 2017 , and are signed on their behalf by:

P J Mason

Company Registration Number: 5310629

Nordell Group Limited

Notes to the Abbreviated Accounts

Year Ended 31st October 2016

1. Accounting Policies

Basis of Accounting

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).

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

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.

Investments

Investments in group undertakings are valued at cost.

2. Fixed Assets

	Investments
	£

Cost

At 1st November 2015 and 31st October 2016	1,000
	-------

Net Book Value

At 31st October 2016	1,000
	-------

At 31st October 2015	1,000
	-------

3. Shares in Group Undertakings

The company owns the whole issued share capital of Nordell Limited which consists of 50,000 £1 ordinary shares.

Nordell Limited is incorporated in England and its principal activity is the manufacture and marketing of plastic mouldings and extrusions.

Nordell Limited's capital and reserves at 2016 were £1,826,082 (2015: £1,466,348) and its post-tax profit for the year ended 31st October was £443,834 (2015: £489,148).

The following subsidiaries are held by Nordell Limited:

P B Extrusions Limited

Component Moulders Limited

Business Data Supplies Limited

The aggregate capital and reserves of the subsidiary companies is as follows:

Name of company

P B Extrusions Limited		–
Component Moulders Limited		–
Business Data Supplies Limited		–

The losses of the subsidiary companies for the year ended 31st October 2016 are as follows:

Name of company

P B Extrusions Limited		2,000
Component Moulders Limited		55,000
Business Data Supplies Limited		2,000

On 9th February 2016 Harlam Limited, which was also 100% owned by Nordell Limited, was dissolved owing £59,000 to the above 3 companies, resulting in the losses shown above.

All the companies were incorporated in England.

4. Share Capital

Allotted, called up and fully paid:

2016		2015
No.	£	No.	£

Ordinary shares of £ 1 each	666	666	666	666
	----	----	----	----

5. Ultimate Parent Company

The company's ultimate holding company is Nordell Holdings Limited by virtue of the fact that 100% of the share capital is held by that company. Nordell Holdings Limited is registered in England and is exempt from the obligation to prepare group accounts on the grounds that the group it heads is small.