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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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Haras Investments Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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for |
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Haras Investments Limited |
Haras Investments Limited (Registered number: 00273767) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Haras Investments Limited |
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Company Information |
for the Year Ended 31 March 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Lake House |
Market Hill |
Royston |
Hertfordshire |
SG8 9JN |
Haras Investments Limited (Registered number: 00273767) |
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Abridged Balance Sheet |
31 March 2018 |
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31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Debtors |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Retained earnings |
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The director acknowledges his responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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Haras Investments Limited (Registered number: 00273767) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
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1. | STATUTORY INFORMATION |
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Haras Investments Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Statement of accounting policies |
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The principal accounting policies are summarised below. They have been applied consistently throughout the |
year and the preceding year. |
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Investments |
Investments held as fixed assets are stated at cost less provision for any impairment in value. |
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Consolidation |
Consolidated accounts of the company and its subsidiaries and a cash flow statement have not been prepared as |
the company was, at the year end, a wholly owned subsidiary of a body corporate registered in England and |
Wales that prepares group accounts. |
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3. | FIXED ASSET INVESTMENTS |
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Fixed asset investments comprise: |
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Shares in subsidiary companies |
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Cost | £ |
At 1 April 2017 | 275,300 |
Cost at 31 March 2018 |
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Provision |
At 1 April 2017 | - |
Release of provision | - |
Provision at 31 March 2018 | - |
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Net book value |
At 31 March 2018 | 275,300 |
At 31 March 2017 | 275,300 |
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Haras Investments Limited (Registered number: 00273767) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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4. | CALLED UP SHARE CAPITAL |
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Called up, alloted and fully paid 2018 2017 |
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7,500,015 ordinary shares of £1 each | 7,500,015 | 7,500,015 |
60 non-voting 'A' ordinary shares of £1 each | 60 | 60 |
30 participating preference shares of £1 each | 30 | 30 |
1,100 7% preference shares of £1 each | 1,100 | 1,100 |
75 preferred preference shares of £1 each | 75 | 75 |
7,501,280 | 7,501,280 |
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The holder of the 7% preference shares, the participating preference shares, and the preferred preference shares |
has waived its rights to all dividends thereon until further notice. |
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5. | RELATED PARTY DISCLOSURES |
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The company is exempt from disclosing details of transactions with its ultimate parent company, Cadastra |
Limited, together with its subsidiaries, because copies of Cadastra Limited group financial statements are |
publicly available. |
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The loan to a related party of £1,164,170 (2017: £1,164,170) included in debtors is to Bromley Lane Investments |
Limited, a company in which Mr John Williamson is a director. The loan is repayable on demand. |
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6. | ULTIMATE CONTROLLING PARTY |
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The ultimate parent company and immediate controlling party of Haras Investments Limited is Cadastra Limited, |
which is registered in England and Wales. Copies of the group financial statements of Cadastra Limited are |
available from Companies House, Crown Way, Maindy, Cardiff, CF4 3UZ. |
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The ultimate controlling party is Mr. J H Williamson. |
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7. | SUBSIDIARIES AS AT 31 MARCH 2018 |
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Activity |
KUH Limited | Holding investments |
Hocroft Trust Limited | Dormant |
Leda Investments Limited | Investment |
Milk Street Holdings Limited | Dormant |
Milk Street Securities Limited | Dormant |
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All subsidiaries are registered in England & Wales and all are 100% owned. |
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All subsidiaries are indirectly owned by the company through a subsidiary save for Leda Investments Limited |
and Milk Street Holdings Limited which are directly owned by the company. |