REGISTERED NUMBER:
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HERBERT INVESTMENTS LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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REGISTERED NUMBER:
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HERBERT INVESTMENTS LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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HERBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 06317995) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
HERBERT INVESTMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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HERBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 06317995) |
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ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved for issue by the Board of Directors on
behalf by: |
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HERBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 06317995) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Going concern |
At 30 September 2016 the company had net current liabilities of £961,986. However, the going concern basis |
for the preparation of the financial statements is considered to be appropriate as the company will have the |
support of its parent company for the foreseeable future. |
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Turnover |
Turnover comprises rent and service charges receivable excluding value added tax. |
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Investment property |
Investment properties are shown at their open market value. The surplus or deficit arising from the annual |
revaluation is transferred to the investment revaluation reserve, unless a deficit below original cost, or its |
reversal on an individual property, is expected to be permanent, in which case it is recognised in the profit and |
loss account for the year. |
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This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), which, |
unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties |
are held for their investment potential and not for use by the company, so their current value is of prime |
importance. This departure from the provisions of the Act is required in order to give a true and fair view. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not |
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be |
deducted. |
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2. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 October 2015 |
and 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
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The aggregate total of debtors falling due after more than one year is £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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5. | ULTIMATE PARENT COMPANY |
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The company is a wholly owned subsidiary of Sarjan Limited. |
HERBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 06317995) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 30 September 2016 and |
30 September 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Balance outstanding at end of year |
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Interest has been paid on the above loans at a commercial rate and there are no fixed terms for repayment of |
these loans. |