HENWICK VENTURES LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
Company Registration No. 5742798 (England and Wales)
HENWICK VENTURES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
HENWICK VENTURES LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
$
$
$
$
Fixed assets
Investments
2
142,714,094
142,714,094
Current assets
Debtors
9,499
9,499
Creditors: amounts falling due within one year
(16,724)
(16,724)
Net current liabilities
(7,225)
(7,225)
Total assets less current liabilities
142,706,869
142,706,869
Capital and reserves
Called up share capital
3
142,709,248
142,709,248
Profit and loss account
(2,379)
(2,379)
Shareholders' funds
142,706,869
142,706,869
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 26 September 2016
S. Daoud
Director
Company Registration No. 5742798
HENWICK VENTURES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 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.
2
Fixed assets
Investments
$
Cost
At 1 January 2015 & at 31 December 2015
142,714,094
At 31 December 2014
142,714,094
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
Pantoho Limited
Cyprus
Ordinary
24.99
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
2015
2015
Principal activity
$
$
Pantoho Limited
Holding of investments
391,500,000
(8,980,000)
3
Share capital
2015
2014
$
$
Allotted, called up and fully paid
142,709,248 Ordinary shares of $1 each
142,709,248
142,709,248
.