Abbreviated Company Accounts - KAREN HOWES LIMITED

Abbreviated Company Accounts - KAREN HOWES LIMITED


Registered Number 07540664

KAREN HOWES LIMITED

Abbreviated Accounts

28 February 2014

KAREN HOWES LIMITED Registered Number 07540664

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Investments 2 301,000 301,000
301,000 301,000
Current assets
Cash at bank and in hand 11 -
11 -
Creditors: amounts falling due within one year (200) (219)
Net current assets (liabilities) (189) (219)
Total assets less current liabilities 300,811 300,781
Total net assets (liabilities) 300,811 300,781
Capital and reserves
Called up share capital 3 1,001 1,001
Profit and loss account 299,810 299,780
Shareholders' funds 300,811 300,781
  • For the year ending 28 February 2014 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 24 November 2014

And signed on their behalf by:
Karen Howes, Director

KAREN HOWES LIMITED Registered Number 07540664

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Cash flow
The financial statements do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Consolidation
In the opinion of the director, the company and its subsidiary undertaking comprise a small group. The company has therefore taken advantage of the exemption from preparing group accounts provided by Section 398 of the Companies Act 2006.

2Fixed assets Investments
FIXED ASSET INVESTMENTS

Cost
At 1 March 2013 and 28 February 2014 £ 301,000
Net book value
At 28 February 2014 £301,000
At 28 February 2013 £301,000

Subsidiary undertakings
The following were subsidiary undertakings of the company:

Name Class of shares Holding
Taylor Howes Designs Limited Ordinary 100 %

The aggregate of the share capital and reserves as at 31 January 2014 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Taylor Howes Designs Limited

Aggregate of share capital and reserves
£ 122,547

Profit/(loss)
£ 220,370

3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1,001 Ordinary shares of £1 each 1,001 1,001