Helsby and Longden Holdings Limited Company Accounts

Helsby and Longden Holdings Limited Company Accounts

HELSBY AND LONGDEN HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05583044
Helsby and Longden Holdings Limited
Filleted Unaudited Financial Statements
31 March 2017
Helsby and Longden Holdings Limited
Financial Statements
Year ended 31 March 2017
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Helsby and Longden Holdings Limited
Statement of Financial Position
31 March 2017
2017
2016
Note
£
£
£
Fixed assets
Investments
4
2,007,420
2,007,420
Current assets
Cash at bank and in hand
10
1
----
----
Net current assets
10
1
------------
------------
Total assets less current liabilities
2,007,430
2,007,421
------------
------------
Capital and reserves
Called up share capital
945
945
Share premium account
2,006,476
2,006,476
Profit and loss account
9
–
------------
------------
Members funds
2,007,430
2,007,421
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2017 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 year 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 financial statements were approved by the board of directors and authorised for issue on 19 December 2017 , and are signed on behalf of the board by:
Mrs J Jardine
Director
Company registration number: 05583044
Helsby and Longden Holdings Limited
Notes to the Financial Statements
Year ended 31 March 2017
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 5 Ashville Way, Sutton Weaver, Runcorn, Cheshire, WA7 3EZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 5.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. Investments
Shares in group undertakings
£
Cost
At 1 Apr 2016 and 31 Mar 2017
2,007,420
------------
Impairment
At 1 Apr 2016 and 31 Mar 2017
–
------------
Carrying amount
At 31 March 2017
2,007,420
------------
5. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.
No transitional adjustments were required in equity or profit or loss for the year.