Company Registration No. 01851372 (England and Wales)
HEYMANN HANSA HAMBURG LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
HEYMANN HANSA HAMBURG LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
HEYMANN HANSA HAMBURG LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,413,977
1,414,433
Investments
2
237,822
237,822
1,651,799
1,652,255
Current assets
Debtors
95,621
38,396
Cash at bank and in hand
311,897
262,019
407,518
300,415
Creditors: amounts falling due within one year
(51,790)
(40,512)
Net current assets
355,728
259,903
Total assets less current liabilities
2,007,527
1,912,158
Creditors: amounts falling due after more than one year
3
(976,715)
(992,602)
1,030,812
919,556
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
1,030,712
919,456
Shareholders' funds
1,030,812
919,556
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 11 June 2017
Mr P A Freely
Director
Company Registration No. 01851372
HEYMANN HANSA HAMBURG LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with and departure from accounting standards
The financial statements are prepared in accordance with applicable accounting standards.
Statement of Standard Accounting Practice No.19, requires that investment properties should be included in the balance sheet at open market value. However, the company's properties have, as in the previous years, been shown at cost.
In accordance with the Statement of Standard Accounting Practice No. 19, no depreciation has been provided on the company's properties. The directors consider this accounting policy, which is a departure from the Companies Act requirements to provide depreciation on all fixed assets, is more appropriate. It is not possible to quantify the deprciation which would otherwise have been charged.
1.3
Turnover
Turnover represents amounts receivable for rents and service charges.
1.4
Tangible fixed assets and depreciation
Freehold and leasehold land and buildings have been reclassifed as investment properties. In accordance with Statement of Standard Accounting Practice No. 19, no depreciation has been provided on these reclassified assets.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Computer equipment
20% reducing balance.
Fixtures, fittings & equipment
25% reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
HEYMANN HANSA HAMBURG LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 October 2015 & at 30 September 2016
1,433,407
237,822
1,671,229
Depreciation
At 1 October 2015
18,974
-
18,974
Charge for the year
456
-
456
At 30 September 2016
19,430
-
19,430
Net book value
At 30 September 2016
1,413,977
237,822
1,651,799
At 30 September 2015
1,414,433
237,822
1,652,255
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Eurowards Limited
England & Wales
Ordinary
100.00
Mertonberry Limited
England & Wales
Ordinary
85.00
Venture Partners Limited
England & Wales
Ordinary
75.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Eurowards Limited
Investment company
(32,840)
98,521
Mertonberry Limited
Investment company
100
45,578
Venture Partners Limited
International trade
200,000
133,947
3
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
1,005,715
992,602
HEYMANN HANSA HAMBURG LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100