Accounts filed on 30-09-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/09/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		4



The company's registered number is 05126217


Registered Number: 05126217

BALANCE SHEET AT 30/09/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		824,980		346,292
Investments	3		198,477		138,477

			1,023,457		484,769

CURRENT ASSETS
Debtors (amounts falling due within one year)	4	259,592		637,742
Cash at bank and in hand		44,043		44,619
		303,635		682,361
CREDITORS: Amounts falling due within one year		44,663		48,045
NET CURRENT ASSETS			258,972		634,316
TOTAL ASSETS LESS CURRENT LIABILITIES			1,282,429		1,119,085


PROVISIONS FOR LIABILITIES			580		1,498

NET ASSETS			1,281,849		1,117,587

CAPITAL AND RESERVES

Called up share capital	5		902		902
Share premium account			234,100		234,100
Revaluation reserve	1h,6		62,650		62,650
Profit and loss account			984,197		819,935
SHAREHOLDERS' FUNDS			1,281,849		1,117,587


Registered Number: 05126217

For the year ending 30/09/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 28/07/2017 and signed on their behalf by




Mr M Hamblin
Director



.............................
Ms T E Gardner
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		25%




1c. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




1f. Turnover
Turnover represents management fees received from the subsidiary company.




1g. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




1h. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 6).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.




2. TANGIBLE FIXED ASSETS

	Investment	Plant and
	Properties	Machinery	Total
	£	£	£
Cost
At 01/10/2015	300,000	247,761	547,761
Additions	490,261	-	490,261
At 30/09/2016	790,261	247,761	1,038,022
Depreciation
At 01/10/2015	-	201,469	201,469
For the year	-	11,573	11,573
At 30/09/2016	-	213,042	213,042
Net Book Amounts
At 30/09/2016	790,261	34,719	824,980
At 30/09/2015	300,000	46,292	346,292
The Investment Property has been valued by the Directors and is included at a fair market value at the Balance Sheet date.




3. INVESTMENT FIXED ASSETS

	Shares in group companies	Listed
	and participating interests	Investments	Total
	£	£	£
Cost
At 01/10/2015	100	138,377	138,477
Additions	-	60,000	60,000
At 30/09/2016	100	198,377	198,477
Amortisation
Net Book Amounts
At 30/09/2016	100	198,377	198,477
At 30/09/2015	100	138,377	138,477




4. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Other Tax	-	43,558
Other debtors	259,592	594,184
	259,592	637,742




5. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
900 Non-Equity shares of £1 each	900	900
	902	902




7. RELATED PARTY TRANSACTIONS
Harte Investments Ltd charged £295,000 (2015: £295,000) to Richmonde Laine Wealth Management Ltd in respect of the provision of facilitites and services. They also paid dividends of £250,000 (2015 £200,000).
The intercompany balance due from Richmonde Laine Wealth Management Ltd is £136,262 (2015: £4,964).




8. TRANSACTIONS WITH DIRECTORS
At the balance sheet date the director owed the company £123,328 (2015: £589,220). This was repaid within 9 months of the year end. The change in the year comprises cash advances, personal payments and other movements of £9,108, less capital introduced of £475,000.
The loan is repayable on demand and bears interest at 3% per annum (2015: 4.5%).




9. CONTROLLING PARTY
The company is controlled by the two directors and shareholder, Mr M D Hamblin and Ms T E Gardner