HC_(COWES)_LIMITED - Accounts

HC (COWES) LIMITED - Company Information

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Company Registration No. 09846151 (England and Wales)

HC (COWES) LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 OCTOBER 2016

HC (COWES) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HC (COWES) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

Notes

Fixed assets

Investments

10,642

Current assets

Debtors

579,419

Creditors: amounts falling due within one year

(592,200)

Net current liabilities

(12,781)

Total assets less current liabilities

(2,139)

Capital and reserves

Called up share capital

100

Share premium account

200

Profit and loss account

(2,439)

Shareholders' funds

(2,139)

For the financial period ended 31 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 financial statements for the period in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 July 2017

Mr C E Preston

Mr M McKillop

Director

Company Registration No. 09846151

HC (COWES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 OCTOBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company meets it's day to day working capital requirements through loans with the directors and shareholders. The directors and shareholders have agreed not to withdraw these funds as long as the company requires them to continue trading.

The directors have also assessed cash flow information for the period ending 12 months from the date of their approval of these financial statements and on the basis of this cash flow assessment consider it appropriate to prepare the financial statements on the going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 28 October 2015

Additions

10,642

At 31 October 2016

10,642

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Hamlet Court Regeneration Limited

Ordinary shares

100.00

HC (COWES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 OCTOBER 2016

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Hamlet Court Regeneration Limited

Property development

(1,341,555)

(1,362,483)

Share capital

2016

Allotted, called up and fully paid

100 ordinary shares of £1 each

100