Company Registration No. 07344744 (England and Wales)
DOYLE TRADING HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017
PAGES FOR FILING WITH REGISTRAR
DOYLE TRADING HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr Iain Doyle
Mrs Jo Doyle
Company number
07344744
Registered office
Unit C
Nepshaw Lane South
Gildersome
Leeds
LS27 7JQ
Accountants
Hentons
118 North Street
West Yorkshire
LS2 7PN
Business address
Unit C
Nepshaw Lane South
Gildersome
Leeds
LS27 7JQ
DOYLE TRADING HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DOYLE TRADING HOLDINGS LIMITED
BALANCE SHEET
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Investments
2
201
120,726
Current assets
Debtors
3
1,524,152
1,427,967
Cash at bank and in hand
6,184
6,214
1,530,336
1,434,181
Creditors: amounts falling due within one year
4
(97,530)
422
Net current assets
1,432,806
1,434,603
Total assets less current liabilities
1,433,007
1,555,329
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
1,433,005
1,555,327
Total equity
1,433,007
1,555,329
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 28 February 2018 and are signed on its behalf by:
Mr Iain Doyle
Director
Company Registration No. 07344744
DOYLE TRADING HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017
- 2 -
1
Accounting policies
Company information
Doyle Trading Holdings Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Unit C, Nepshaw Lane South, Gildersome, Leeds, LS27 7JQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries
and
associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
2
Fixed asset investments
2017
2016
£
£
Investments
201
120,726
DOYLE TRADING HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2017
2
Fixed asset investments
(Continued)
- 3 -
Movements in fixed asset investments
Shares in group undertakings and participating interests
£
Cost or valuation
At 1 June 2016
120,726
Disposals
(120,525)
At 31 May 2017
201
Carrying amount
At 31 May 2017
201
At 31 May 2016
120,726
During the year, Walk Investments Limited demerged from the Doyle Trading Holdings Limited group. In addition, the company's investment in Entertainment Alliance Merchandise Limited was released, as the company was dissolved in the post year end period.
3
Debtors
2017
2016
Amounts falling due within one year:
£
£
Amounts due from group undertakings
-
1,093,985
Other debtors
1,524,152
333,982
1,524,152
1,427,967
4
Creditors: amounts falling due within one year
2017
2016
£
£
Corporation tax
96,129
(648)
Other creditors
1,401
226
97,530
(422)
DOYLE TRADING HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2017
- 4 -
5
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2
2
2
6
Related party transactions
At the balance sheet date the company was owed £330,356 (2016: £34,576) by the director Iain Doyle in respect of his overdrawn directors loan account. Beneficial interest was charged at the official HMRC rate of 3%.