Company Registration No. 03453233 (England and Wales)
THE HOLKHAM ESTATES COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
THE HOLKHAM ESTATES COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
THE HOLKHAM ESTATES COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
28,501
28,501
Current assets
Stocks
1,687,628
560,142
Debtors
3
105,350
88,746
Cash at bank and in hand
182,192
1,106,949
1,975,170
1,755,837
Creditors: amounts falling due within one year
(754,900)
(154,200)
Net current assets
1,220,270
1,601,637
Total assets less current liabilities
1,248,771
1,630,138
Creditors: amounts falling due after more than one year
(386,500)
-
862,271
1,630,138
Capital and reserves
Called up share capital
4
2,501
2,501
Profit and loss account
859,770
1,627,637
Shareholders' funds
862,271
1,630,138
For the financial year ended 31 March 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 9 December 2016
8th Earl of Leicester
Director
Company Registration No. 03453233
THE HOLKHAM ESTATES COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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 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).
1.3
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to stage of the completion.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to stage of the completion.
1.4
Tangible fixed assets and depreciation
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
15-50% of cost
Fixtures, fittings & equipment
15-50% of cost
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.7
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.9
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
THE HOLKHAM ESTATES COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
31,010
28,501
59,511
Depreciation
At 1 April 2015 & at 31 March 2016
31,010
-
31,010
Net book value
At 31 March 2016
-
28,501
28,501
At 31 March 2015
-
28,501
28,501
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
Hector's Housing Ltd
England & Wales
A & B Ordinary
100.00
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
£
£
Hector's Housing Ltd
Dormant
41,962
-
3
Debtors
Debtors include an amount of £76,950 (2015 - £76,950) which is due after more than one year.
THE HOLKHAM ESTATES COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary A of £1 each
1,000
1,000
1,000 Ordinary B of £1 each
1,000
1,000
501 Ordinary C of £1 each
501
501
2,501
2,501
All classes of shares rank pari-passu.
5
Ultimate parent company
The immediate and ultimate parent company is Coke Estates Limited, a company registered in England and Wales.