Registered Number 04339850
HED CAPITAL MANAGEMENT LIMITED
Abbreviated Accounts
30 June 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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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 (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 5 |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.
The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The director has prepared projected cash flow information for the period ending 9 months from the date of their approval of these financial statements. On the basis of this cash flow information and discussions with the company's bankers, the director considers that the company will continue to operate within the facility currently agreed and within that which they expect will be agreed with the company's bankers.
However, the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers.
Tangible assets depreciation policy
Fixtures, fittings & equipment – 33.33% on cost
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Other accounting policies
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
£ | |
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Cost | |
At 1 July 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2015 |
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Amortisation | |
At 1 July 2014 |
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Charge for the year |
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On disposals |
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At 30 June 2015 |
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Net book values | |
At 30 June 2015 | 0 |
At 30 June 2014 | 0 |
£ | |
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Cost | |
At 1 July 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2015 |
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Depreciation | |
At 1 July 2014 |
|
Charge for the year |
|
On disposals |
|
At 30 June 2015 |
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Net book values | |
At 30 June 2015 | 407 |
At 30 June 2014 | 407 |
4
Fixed assets Investments
Cost at 1st July 2014 & 30th June 2015 - £125
Depreciation at 1st July 2014 & 30th June 2015 - £nil
Net book value – 30th June 2014 & 30th June 2015 - £125
HED Capital Management Limited owns 100% of the shares in Beaufort G.P. (Cayman) Limited, an unlimited company incorporated in the Cayman Islands. Beaufort G.P. (Cayman) Limited operated as a General Partner of a Cayman Island limited partnership.
The investment in the Beaufort US Chaos Fund Limited comprises 1 US$100 Class B Share in the open-ended limited liability company incorporated in the Cayman Islands.