Essential Holdings Limited
Essential Holdings Limited
Registered number: 09426702
Abbreviated accounts
For The Year Ended 30 November 2016
Essential Holdings Limited
Company No. 09426702
Abbreviated Balance Sheet
30 November 2016
Abbreviated Balance Sheet
| 30 November 2016 | Period to 30 November 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| Investments | 3 |
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| 660,015 | 660,015 | ||||
| CURRENT ASSETS | |||||
| Debtors |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 4 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| SHAREHOLDERS' FUNDS |
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Essential Holdings Limited
Company No. 09426702
Abbreviated Balance Sheet (continued)
30 November 2016
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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 provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Essential Holdings Limited
Notes to the Abbreviated Accounts
For The Year Ended 30 November 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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1.3.
Group accounts
The company does not need to prepare group accounts due to the group being small. These financial statements refer to the parent undertaking only.
2.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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The value above consists entirely of land and is not depreciated.
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Essential Holdings Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 30 November 2016
3.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
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| As at |
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| Provision | |
| As at |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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4.
Creditors: Amounts Falling Due After More Than One Year
| 30 November 2016 | Period to 30 November 2015 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts owed to subsidiaries |
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At the balance sheet date, £660,014 was owed to Essential Scaffolding Group (London) Limited, the subsidiary company. This loan is interest free and repayable upon notice of 12 months and 1 day.
6.
Controlling Party
There is no ultimate controlling party.
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