Company Registration No. 00311903 (England and Wales)
HANOVER CREDIT LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
HANOVER CREDIT LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3
HANOVER CREDIT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2016
- 1 -
The directors present their report and unaudited financial statements for the year ended 31 March 2016. The company is dormant and has not traded during the year.
Directors
The following directors have held office since 1 April 2015:
J.H. Lovett
Mrs J.A. Lovett
The directors are also directors of the company's holding company, Gateway Finance Limited, which holds 100% of this company's ordinary share capital.
By order of the board
Mrs J.A. Lovett
Secretary
23 November 2016
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2016
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.
HANOVER CREDIT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 2 -
2016
2015
Notes
£
£
Current assets
Debtors
2
13,346
13,346
Total assets less current liabilities
13,346
13,346
Capital and reserves
Called up share capital
3
15,000
15,000
Other reserves
4
15,092
15,092
Profit and loss account
4
(16,746)
(16,746)
Shareholders' funds
13,346
13,346
Audit exemption statement
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 23 November 2016
J.H. Lovett
Mrs J.A. Lovett
Director
Director
Company Registration No. 00311903
HANOVER CREDIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
2
Debtors
2016
2015
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
13,346
13,346
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
15,000 Ordinary Shares of £1 each
15,000
15,000
4
Statement of movements on reserves
Other reserves
Profit and loss
account
£
£
Balance at 1 April 2015
15,092
(16,746)
Balance at 31 March 2016
15,092
(16,746)
5
Control
The ultimate controlling party is Gateway Finance Limited by virtue of its shareholding.
6
Related party relationships and transactions
Included in debtors is £13,346 (2015 £13,346) due to Hanover Credit Limited from Gateway Finance Limited, which is the parent company.