M.Y. Hulse Holdings Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07156922 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2017

for

M.Y. Hulse Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

M Y Hulse

REGISTERED OFFICE:

Stuart House

Valepits Road

Garretts Green

Birmingham

B33 0TD

REGISTERED NUMBER:

07156922 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Investments

4

125

125

Investment property

5

387,000

387,000

387,125

387,125

CURRENT ASSETS

Cash at bank

255

255

CREDITORS

Amounts falling due within one year

6

(386,255

)

(266,255

)

NET CURRENT LIABILITIES

(386,000

)

(266,000

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,125

121,125

CREDITORS

Amounts falling due after more than one year

7

-

(120,000

)

NET ASSETS

1,125

1,125

CAPITAL AND RESERVES

Called up share capital

8

100

100

Capital redemption reserve

9

25

25

Retained earnings

9

1,000

1,000

SHAREHOLDERS' FUNDS

1,125

1,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 3 July 2018 and were signed by:

M Y Hulse - Director

1.	STATUTORY INFORMATION

M.Y. Hulse Holdings Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

There are no material departures from the standard.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

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

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2016

and 30 November 2017

125

NET BOOK VALUE

At 30 November 2017

125

At 30 November 2016

125

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Close Circuit Security Services Limited

Registered office:

Nature of business: Installation of security products

%

Class of shares:

holding

Ordinary

100.00

2017

2016

£

£

Aggregate capital and reserves

1,267,184

1,008,342

Profit for the year

293,842

621,030

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2016

and 30 November 2017

387,000

NET BOOK VALUE

At 30 November 2017

387,000

At 30 November 2016

387,000

The investment property was valued by the directors on 30 November 2017 and this valuation is included in the

accounts.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

266,255

146,255

Other creditors

120,000

120,000

386,255

266,255

Amounts owed to group undertakings comprises an amount owed to Close Circuit Services Limited, a subsidiary

company.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

-

120,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

80

Ordinary A

£1

80

80

10

Ordinary C

£1

10

10

10

Ordinary D

£1

10

10

10

Ordinary E

£1

-

-

100

100

The ordinary E shares have rights to dividends but no voting rights and no right to return on capital.

The company has contracted to repurchase the 25 Ordinary E shares for a consideration of £300,000 in 5 equal

six monthly instalments commencing on 21st October 2016.

Dividends - Dividends are payable to the holders of the A, C, and D shares in such proportions as determined by

the directors at their absolute discretion.

Capital - On a winding up or other return of capital, the assets of the company shall be applied to the holders of

the A shares only. The holders of the C and D shares have no entitlement.

Voting - Holders of the A shares have full voting rights, while the holders of the C and D shares have no

entitlement.

In all other respects, the shares rank pari passu.

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 December 2016

1,000

25

1,025

Profit for the year

35,000

35,000

Dividends

(35,000

)

(35,000

)

At 30 November 2017

1,000

25

1,025

10.	CONTINGENT LIABILITIES

The company has entered into an unlimited cross guarantee with Close Circuit Services Limited, the subsidiary

company, in respect of that company's bank indebtedness, which amounted to £458,100 (2016 - £415,021) at 30

November 2017.

The company has also given security to the bankers by way of a first legal charge over the company's freehold

property and debenture over all of its other assets.

11.	RELATED PARTY DISCLOSURES

Close Circuit Security Services Limited

Subsidiary company

M.Y. Hulse Holdings Limited owns 100% of the ordinary share capital of Close Circuit Security Services

Limited.

Amount owed to Close Circuit Security Services Limited at 30 November 2017 £266,255 (2016 - £146,255)

The amount owed to Close Circuit Security Services Limited (included in the creditors note to the accounts) is

unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but

the directors of Close Circuit Security Services Limited have given their assurance that payment of this will not

be demanded until such time as M.Y. Hulse Holdings Limited can afford to do so without financial detriment.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is M Y Hulse.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of M.Y. Hulse Holdings Limited for the year ended 30 November 2017 which comprise the Profit

and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of M.Y. Hulse Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M.Y. Hulse Holdings Limited and state those matters that we have agreed to state to the director of M.Y. Hulse Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M.Y. Hulse Holdings Limited and its director for our work or for this report.

It is your duty to ensure that M.Y. Hulse Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M.Y. Hulse Holdings Limited. You consider that M.Y. Hulse Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M.Y. Hulse Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal Limited

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

3 July 2018