Company Registration No. 05124775 (England and Wales)
B & G SEARS (HOLDINGS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
B & G SEARS (HOLDINGS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
B & G SEARS (HOLDINGS) LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
120,050
120,050
Current assets
Debtors
469,274
523,959
Cash at bank and in hand
5,722
5,722
Net current assets
474,996
529,681
Total assets less current liabilities
595,046
649,731
Capital and reserves
Called up share capital
3
122
122
Share premium account
27,119
27,119
Profit and loss account
567,805
622,490
Shareholders' funds
595,046
649,731
For the financial year ended 31 May 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 21 July 2016
G Sears
S G Sears
Director
Director
R Sears
M R Courland
Director
Director
D A Hursey
Director
Company Registration No. 05124775
B & G SEARS (HOLDINGS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 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
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.3
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 June 2015 & at 31 May 2016
120,050
At 31 May 2015
120,050
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
B & G Sears Limited
England and Wales
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
£
£
B & G Sears Limited
331,145
14,300
B & G SEARS (HOLDINGS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
9,438 A Ordinary shares of 1p each
94
94
1,798 B Ordinary shares of 1p each
18
18
1,000 T Ordinary shares of 1p each
10
10
122
122
4
Ultimate parent company
The company's ultimate parent company is B & G Sears (Group) Limited, a company incorporated in England and Wales.