Shirlstar Overseas (Holdings) Limited
Shirlstar Overseas (Holdings) Limited
Registered number: 03699713
Director's Report and
Financial Statements
For The Year Ended 31 December 2017
Shirlstar Overseas (Holdings) Limited
Director's Report and Financial Statements
For The Year Ended 31 December 2017
Director's Report and Financial Statements
| Contents | |
| Page | |
|---|---|
| Company Information | 1 |
| Director's Report | 2 |
| Accountants' Report | 3 |
| Dormant Profit and Loss Account Statement | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
Shirlstar Overseas (Holdings) Limited
Company Information
For The Year Ended 31 December 2017
Company Information
| Director |
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| Company Number |
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| Registered Office | Woodlands Castle |
| Ruishton | |
| Taunton | |
| Somerset | |
| TA3 5LU | |
| Accountants |
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| Tapmoor Road | |
| Moorlinch | |
| Somerset | |
| TA7 9BZ | |
Page 1
Shirlstar Overseas (Holdings) Limited
Company No. 03699713
Director's Report For The Year Ended 31 December 2017
Director's Report
The director presents his report and the financial statements for the year ended 31 December 2017 .
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has 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.
On behalf of the board
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Page 2
Shirlstar Overseas (Holdings) Limited
Accountants' Report
For The Year Ended 31 December 2017
Accountants' Report
In accordance with the engagement letter dated 22 September 2017, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 December 2017 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
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Fursland Cottage
Tapmoor Road
Moorlinch
Somerset
TA7 9BZ
Page 3
Shirlstar Overseas (Holdings) Limited
Dormant Profit and Loss Account Statement
For The Year Ended 31 December 2017
Dormant Profit and Loss Account Statement
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Page 4
Shirlstar Overseas (Holdings) Limited
Balance Sheet
As at
31 December 2017
Balance Sheet
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET ASSETS |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (98) | (98) | |||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on pages 6 to 7 form part of these financial statements.
Page 5
Shirlstar Overseas (Holdings) Limited
Notes to the Financial Statements
For The Year Ended 31 December 2017
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
687 |
| As at |
687 |
| Provision | |
| As at |
687 |
| As at |
687 |
| Net Book Value | |
| As at |
- |
| As at |
- |
The company's investments at the balance sheet date include the following:
100% of the ordinary share capital of Shirlstar Property (Holdings) Limited, a dormant company incorporated in Yukon Territory, Canada.
100% interest of Residential Renovations LLC, a dormant company incorporated in California, USA.
100% of the ordinary share capital of Financial Services and Investments Corporation, a dormant company incorporated in Nevada, USA.
No subsidary traded in the year or the preceding year.
The cost of each investment has been provided for in full.
3.
Debtors
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors |
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4.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors |
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Page 6
Shirlstar Overseas (Holdings) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2017
6.
Ultimate Controlling Party
The company's ultimate controlling party is Sir Benjamin Slade .
Shirlstar Group (Holdings) Limited is the ultimate parent undertaking and under section 398 of the Companies Act 2006 no
consolidated financial statements have been prepared.
7.
General Information
Shirlstar Overseas (Holdings) Limited Registered number 03699713 is a limited by shares company incorporated in England & Wales. The Registered Office is Woodlands Castle, Ruishton, Taunton, Somerset, TA3 5LU.
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