Company Registration No. 04683427 (England and Wales)
MSB (HOLDINGS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
MSB (HOLDINGS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MSB (HOLDINGS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
1,080,000
1,080,000
Current assets
Debtors
72
72
Cash at bank and in hand
117
116
189
188
Creditors: amounts falling due within one year
(189,930)
(189,430)
Net current liabilities
(189,741)
(189,242)
Total assets less current liabilities
890,259
890,758
Creditors: amounts falling due after more than one year
(786,357)
(786,357)
103,902
104,401
Capital and reserves
Called up share capital
3
8,582
8,582
Share premium account
641,978
641,978
Profit and loss account
(546,658)
(546,159)
Shareholders' funds
103,902
104,401
For the financial year ended 31 October 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 24 July 2017
M K Bull
Director
Company Registration No. 04683427
MSB (HOLDINGS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 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
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Group accounts
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.
2
Fixed assets
Investments
£
Cost
At 1 November 2015 & at 31 October 2016
1,080,000
At 31 October 2015
1,080,000
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
Harlow Autos Limited
UK
Ordinary
100.00
Abridge Coachworks Limited
UK
Ordinary
100.00
Abridge Engineering Company Limited
UK
Ordinary
100.00
MSB (HOLDINGS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
2
Fixed assets
(Continued)
- 3 -
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
£
£
Harlow Autos Limited
Motor vehicle repairs
245,314
4,081
Abridge Coachworks Limited
Dormant company
5,000
-
Abridge Engineering Company Limited
Appraising and considering business options
779,647
(328)
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
8,582 Ordinary shares of £1 each
8,582
8,582