Company Registration No. 05174570 (England and Wales)
PAUL HOLLYWOOD LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
PAUL HOLLYWOOD LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
PAUL HOLLYWOOD LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,287
2,842
Investments
2
883,245
-
884,532
2,842
Current assets
Debtors
747,021
1,122,414
Cash at bank and in hand
-
186,718
747,021
1,309,132
Creditors: amounts falling due within one year
(239,511)
(297,908)
Net current assets
507,510
1,011,224
Total assets less current liabilities
1,392,042
1,014,066
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
1,392,040
1,014,064
Shareholders' funds
1,392,042
1,014,066
For the financial year ended 30 June 2015 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 18 March 2016
P J Hollywood
Director
Company Registration No. 05174570
PAUL HOLLYWOOD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 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 April 2008).
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
Turnover represents amounts receivable for services provided, net of VAT and trade discounts.
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
33% straight line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
PAUL HOLLYWOOD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 July 2014
5,038
-
5,038
Additions
-
883,245
883,245
At 30 June 2015
5,038
883,245
888,283
Depreciation
At 1 July 2014
2,196
-
2,196
Charge for the year
1,555
-
1,555
At 30 June 2015
3,751
-
3,751
Net book value
At 30 June 2015
1,287
883,245
884,532
At 30 June 2014
2,842
-
2,842
On 17 March 2015 the trade of the company was transferred to HJP Media LLP, a limited liability partnership registered in the United Kingdom. The above investment represents the capital of the company as reflected in HJP Media LLP as at the balance sheet date. Included within the investment is interest charged on the capital during the year of £32,671 and the company's share of the profit from HJP Media LLP of £73,911.
The above investment represents the capital of the company as reflected in HJP Media LLP as at the balance sheet date.
Included within the investment is interest charged on the capital during the year of £32,671 and the company's share of the profit from HJP Media LLP of £73,911.
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
4
Related party relationships and transactions
Included within other debtors is £643,789 (2014: £1,011,060) owed to the company by P J Hollywood as at the balance sheet date. The maximum balance outstanding during the year was £1,422,590 (2014: £1,011,060). The loan was fully repaid to the company by 10 February 2016. Interest of £34,268 (2014: £28,149) was charged on the loan to the director at the HM Revenue and Customs rate for beneficial loans. Included within other debtors is £0 (2014: £14,267) owed to the company by PJH Media Limited, a non-trading company controlled by P J Hollywood.
Interest of £34,268 (2014: £28,149) was charged on the loan to the director at the HM Revenue and Customs rate for beneficial loans.
Included within other debtors is £0 (2014: £14,267) owed to the company by PJH Media Limited, a non-trading company controlled by P J Hollywood.