Heddon Holdings Limited - Accounts to registrar - small 17.1.1

Heddon Holdings Limited - Accounts to registrar - small 17.1.1

HEDDON HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 03122200 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

HEDDON HOLDINGS LIMITED

HEDDON HOLDINGS LIMITED (REGISTERED NUMBER: 03122200)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEDDON HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: S F Turner
Mrs B M Turner





SECRETARY: S F Turner





REGISTERED OFFICE: Northern Road
Chilton Industrial Estate
Sudbury
Suffolk
CO10 6XD





REGISTERED NUMBER: 03122200 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP
Page 1
HEDDON HOLDINGS LIMITED (REGISTERED NUMBER: 03122200)

BALANCE SHEET
31 DECEMBER 2016

31.12.15 31.12.16
£    £    Notes £    £   
FIXED ASSETS
627,859 Tangible assets 4 617,769
1,000 Investments 5 1,000
628,859 618,769

CURRENT ASSETS
977 Cash at bank 8,674

CREDITORS
188,312 Amounts falling due within one year 6 227,223
(187,335 ) NET CURRENT LIABILITIES (218,549 )
441,524 TOTAL ASSETS LESS CURRENT
LIABILITIES
400,220

- PROVISIONS FOR LIABILITIES 174
441,524 NET ASSETS 400,046

CAPITAL AND RESERVES
1,000 Called up share capital 1,000
440,524 Retained earnings 399,046
441,524 SHAREHOLDERS' FUNDS 400,046

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 notes form part of these financial statements

Page 2 continued...
HEDDON HOLDINGS LIMITED (REGISTERED NUMBER: 03122200)

BALANCE SHEET - continued
31 DECEMBER 2016


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 21 July 2017 and were signed on its
behalf by:





S F Turner - Director


The notes form part of these financial statements

Page 3
HEDDON HOLDINGS LIMITED (REGISTERED NUMBER: 03122200)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Heddon Holdings 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Heddon Holdings Limited as an individual
company and do not contain consolidated financial information as the parent of a group. The
company has taken the option under Section 398 of the Companies Act 2006 not to prepare
consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 4 continued...
HEDDON HOLDINGS LIMITED (REGISTERED NUMBER: 03122200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
Totals property fittings
£    £    £   
COST
At 1 January 2016
and 31 December 2016 763,286 757,425 5,861
DEPRECIATION
At 1 January 2016 135,427 130,437 4,990
Charge for year 10,090 9,872 218
At 31 December 2016 145,517 140,309 5,208
NET BOOK VALUE
At 31 December 2016 617,769 617,116 653
At 31 December 2015 627,859 626,988 871

Included in cost of land and buildings is freehold land of £ 263,870 (2015 - £ 263,870 ) which is not
depreciated.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2016
and 31 December 2016 1,000
NET BOOK VALUE
At 31 December 2016 1,000
At 31 December 2015 1,000

The company owns 1,000 of the 1,125 issued shares in Turner Tool Hire Limited which carries on
the trade of plant hire.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Bank loans and overdrafts - 15,459
Trade creditors 1,743 -
Amounts owed to group undertakings 205,831 157,156
Taxation and social security 18,635 14,309
Other creditors 1,014 1,388
227,223 188,312

Page 5 continued...
HEDDON HOLDINGS LIMITED (REGISTERED NUMBER: 03122200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

7. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by S F Turner and Mrs B M Turner, directors, as they hold the
whole of the company's issued share capital.

8. SUBSIDIARY COMPANY

Heddon Holdings Limited owns 1,000 of the 1,125 issued ordinary share capital of Turner Tool Hire
Limited. The items listed have been extracted from the financial statements of Turner Tool Hire
Limited for the year ended 31 December 2016.

2016 2015
£    £   
Share Capital 1,125 1,125
Reserves 591,971 490,517
Profit for the year ( before group dividends ) 111,454 34,723
Rental paid to parent company by subsidiary company 25,000 25,000
Management charge 10,000 10,000

The balance due at 31 December 2016 to Turner Tool Hire Limited from Heddon Holdings Limited
was £205,831 (2015 - £157,156).

Page 6