Deben Holdings Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01667823 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Deben Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A R Harding

J Harding

R C Harding

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

01667823 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

75,680

97,151

CURRENT ASSETS

Debtors

3

77,383

44,143

Cash at bank

8,575

7,743

85,958

51,886

CREDITORS

Amounts falling due within one year

19,071

2,571

NET CURRENT ASSETS

66,887

49,315

TOTAL ASSETS LESS CURRENT LIABILITIES

142,567

146,466

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

142,467

146,366

SHAREHOLDERS' FUNDS

142,567

146,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 December 2014 and were signed on its behalf by:

A R Harding - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents invoiced rental of properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment properties

The properties are held for long term investment. In accordance with SSAP 19 (revised) such properties should

be revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve, unless a deficit on

an individual property is expected to be permanent, in which case it is written off to the profit and loss account.

However, the directors consider these values to be appropriate at the balance sheet date.The directors have not

arranged for a professional valuation.

Although this is not in line with Financial Reporting Standards for Smaller Entities (effective April 2008) it is

felt this to be a true and fair account.

No depreciation is provided in respect of investment properties. The requirement of the Companies Act 2006 is

to depreciate all properties, but that requirement conflicts with the generally accepted accounting principle set

out in SSAP 19 (revised).

Group financial statements

Deben Holdings Limited is exempt from preparing consolidated financial statements for its group, and has taken

advantage of this exemption, on the grounds that the group is small and is not an ineligible group as defined in

section 248 of the Companies Act 2006.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

113,942

Additions

420

Disposals

(21,241

)

At 31 March 2014

93,121

DEPRECIATION

At 1 April 2013

16,791

Charge for year

650

At 31 March 2014

17,441

NET BOOK VALUE

At 31 March 2014

75,680

At 31 March 2013

97,151

The investments were introduced at cost on 1 November 1996, together with further properties transferred at cost

on 1 April 1998 and another purchased on 17 April 1998. The directors consider these values to be appropriate

at the balance sheet date. The directors have not arranged for a professional valuation.

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (31.3.13 - £ 100 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

Liabilities payable to related parties at the balance sheet date amounted to:

Freston Properties Limited £91 (2013 : £91)

Plasmerton Limited £6,684 (2013 : £184)

Deben Properties Limited £9,000 (2013 : £Nil)

Debtors receivable from related parties at the balance sheet date amounted to:

Pacmicro Limited £60,383 (2013: £Nil)

Rural Community Housing Limited £10,000 (2013: £Nil)

Ruskin Landscapes Limited £7,000 (2013: £Nil)

These companies are related by the common control and ownership of A R Harding and P A Birchley. The

outstanding balances have accumulated as a result of recharged expenses incurred throughout this year and prior

periods.