Nolan Holdings Limited - Limited company - abbreviated

REGISTERED NUMBER: 02023134 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2014

for

Nolan Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H Nolan

Mrs M E Nolan

Mrs T A Westlake

M Nolan

SECRETARY:

Streatham Secretarial Limited

REGISTERED OFFICE:

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

REGISTERED NUMBER:

02023134 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

FIXED ASSETS

Tangible assets

2

57

76

Investments

3

15,000

Investment property

4

560,000

575,057

575,076

CURRENT ASSETS

Debtors

10,890

743

Cash at bank and in hand

81,098

92,087

91,988

92,830

CREDITORS

Amounts falling due within one year

104,388

78,649

NET CURRENT (LIABILITIES)/ASSETS

(12,400

)

14,181

TOTAL ASSETS LESS CURRENT
LIABILITIES

562,657

589,257

CAPITAL AND RESERVES

Called up share capital

5

900

Revaluation reserve

514,061

Profit and loss account

47,696

74,296

562,657

589,257

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 15 December 2014 and were signed on
its behalf by:

M Nolan - 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 net rents received, excluding value added tax.

Tangible fixed assets

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

Fixtures & fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Deferred tax

If the Investment Property was disposed of at market value, a tax liability would arise, but as there is

no intention of disposing of the property in the foreseeable future, no provision for the deferred tax

has been made.

The amount of deferred taxation unprovided is estimated at £128,250 (2013 - £128,250).

Depreciation

Depreciation is not provided in respect of the company's investment property, which is reflected at

valuation. This treatment has been adopted to comply with the requirements of the Financial

Reporting Standard for Smaller Entities (effective April 2008) for investment purposes.

Although this is a departure from the accounting requirements of the Companies Act 2006, which

requires such properties to be depreciated, the directors consider the departure in this regard justified

on the grounds of compliance with the Accounting Standard and the overriding requirement under the

Companies Act 2006 for the financial statements to show a true and fair view.

If this departure from the Companies Act 2006 had not been made, the profit for the financial year

would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be

quantified, because depreciation is only one of the many factors reflected in the valuation of the

property and the amount which might otherwise have been shown cannot be separately identified or

quantified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

3,200

DEPRECIATION

At 1 April 2013

3,124

Charge for year

19

At 31 March 2014

3,143

NET BOOK VALUE

At 31 March 2014

57

At 31 March 2013

76

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

and 31 March 2014

15,000

NET BOOK VALUE

At 31 March 2014

15,000

At 31 March 2013

15,000

The company's investments at the balance sheet date in the share capital of companies include the

following:

Collinstown Construction Limited

Nature of business: General Builders

%

Class of shares:

holding

Ordinary

100.00

31.3.14

31.3.13

£

Aggregate capital and reserves

85,519

40,337

Profit for the year

45,182

12,861

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2013

and 31 March 2014

560,000

NET BOOK VALUE

At 31 March 2014

560,000

At 31 March 2013

560,000

5.	CALLED UP SHARE CAPITAL

CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal

31.3.14

31.3.13

value:

£

300

Ordinary Class A

£1

300

400

Ordinary Class B

£1

400

100

Ordinary Class C

£1

100

Ordinary Class D

£1

100

900

Nolan Holdings Limited - Limited company - abbreviated - 11.6

Nolan Holdings Limited - Limited company - abbreviated - 11.6