REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Period 17 October 2014 to 31 March 2016 |
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for |
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Hughes Investments Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Period 17 October 2014 to 31 March 2016 |
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for |
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Hughes Investments Ltd |
Hughes Investments Ltd (Registered number: 09269532) |
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Contents of the Abbreviated Accounts |
for the Period 17 October 2014 to 31 March 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Hughes Investments Ltd |
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Company Information |
for the Period 17 October 2014 to 31 March 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Hughes Investments Ltd (Registered number: 09269532) |
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Abbreviated Balance Sheet |
31 March 2016 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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Hughes Investments Ltd (Registered number: 09269532) |
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Abbreviated Balance Sheet - continued |
31 March 2016 |
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Notes | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium |
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Investment property |
revaluation reserve |
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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 by the Board of Directors on
behalf by: |
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Hughes Investments Ltd (Registered number: 09269532) |
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Notes to the Abbreviated Accounts |
for the Period 17 October 2014 to 31 March 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 and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015), with the |
exception of the following: |
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- Investment properties. |
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Turnover |
Turnover represents net invoiced provision of services, excluding value added tax. |
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Tangible fixed assets |
Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at the |
following annual rate in order to write off each asset over its estimated useful life: |
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- Fixtures and fittings - 25% reducing balance |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in market value is transferred to a revaluation reserve. |
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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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Foreign currencies |
Transactions in foreign currencies are translated into sterling at the rate of exchange prevailing at |
the date of settlement of the transaction and not that prevailing on the date of the transaction. The |
effect of this is that foreign exchange gains and losses are recognised in the profit and loss account |
as part of the transaction to which they relate. The exceptions to this are balances at the balance |
sheet date in respect of funds in foreign currency bank accounts and outstanding transactions, which |
are translated into sterling at the rate of exchange ruling on this date, and any gain or loss arising is |
then recognised separately within the profit and loss account. |
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Fixed asset investments |
Fixed asset investments are stated at cost less any permanent diminution in value. |
Hughes Investments Ltd (Registered number: 09269532) |
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Notes to the Abbreviated Accounts - continued |
for the Period 17 October 2014 to 31 March 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
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At 31 March 2016 |
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DEPRECIATION |
Charge for period |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
Additions |
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Disposals | ( |
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At 31 March 2016 | 2,506,590 |
NET BOOK VALUE |
At 31 March 2016 |
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4. | INVESTMENT PROPERTY |
Total |
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COST OR VALUATION |
Additions |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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5. | CREDITORS |
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Creditors include an amount of £
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Hughes Investments Ltd (Registered number: 09269532) |
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Notes to the Abbreviated Accounts - continued |
for the Period 17 October 2014 to 31 March 2016 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary Share Capital | £1 |
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A Ordinary Share Capital | £1 |
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B Ordinary Share Capital | £1 |
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1,221 |
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The following fully paid shares were allotted during the period at a premium as shown below: |
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7. | EMPLOYEE SUCCESSION TRUST |
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In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment |
agreements" the company does not include the assets and liabilities of the Trust on its balance sheet |
to the extent that it considers that it will not retain any economic benefit from the assets of the |
Trust and will not have control of the rights or other access to those economic benefits. |