EDS HV Management Limited - Period Ending 2017-09-30
EDS HV Management Limited - Period Ending 2017-09-30
Year Ended
EDS HV Management Limited
Balance Sheet
30 September 2017
Registration Number:
Note |
2017 |
2016 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
- |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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( |
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Total equity |
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( |
For the financial year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
KJ Ritson
Director
EDS HV Management Limited
Notes to the Financial Statements
Year Ended 30 September 2017
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The company's functional and presentation currency is the pound sterling.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
Tangible assets
Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
3 years straight line |
Fixtures and fittings |
5 years straight line |
Office equipment |
3-5 years straight line |
Plant and machinery |
5 years straight line |
Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.
EDS HV Management Limited
Notes to the Financial Statements
Year Ended 30 September 2017
Hire purchase and leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
EDS HV Management Limited
Notes to the Financial Statements
Year Ended 30 September 2017
Tangible assets |
Fixtures and fittings |
Motor vehicles |
Office equipment |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 October 2016 |
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Additions |
- |
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Disposals |
- |
( |
- |
- |
( |
At 30 September 2017 |
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Depreciation |
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At 1 October 2016 |
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Charge for the year |
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Eliminated on disposal |
- |
( |
- |
- |
( |
At 30 September 2017 |
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Carrying amount |
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At 30 September 2017 |
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At 30 September 2016 |
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Investments |
2017 |
2016 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 October 2016 |
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Provision |
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Carrying amount |
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At 30 September 2017 |
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At 30 September 2016 |
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EDS HV Management Limited
Notes to the Financial Statements
Year Ended 30 September 2017
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2017 |
2016 |
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Subsidiary undertakings |
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Second Floor, Sketrick House, Jubilee Road, Newtownards, Northern Ireland, BT23 4YH |
Ordinary shares |
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England and Wales |
The principal activity of ForesightHV Operations Limited is |
Debtors |
Note |
2017 |
2016 |
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Trade debtors |
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Amounts owed from group undertakings |
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- |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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Due after one year |
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Loans and borrowings |
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EDS HV Management Limited
Notes to the Financial Statements
Year Ended 30 September 2017
Loans and borrowings |
2017 |
2016 |
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Non-current loans and borrowings |
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Finance lease liabilities |
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2017 |
2016 |
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Current loans and borrowings |
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Finance lease liabilities |
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Obligations under finance lease and hire purchase agreements are secured against the asset to which they relate.
Parent and ultimate parent undertaking |
The company's immediate parent is
Non adjusting events after the financial period |
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Transition to FRS 102 |
This is the first accounting period the company has prepared financial statements in accordance with FRS 102.
There are no adjustments arising on transition from previous UK GAAP to FRS 102.