Registered Number SC286870
NORTHBURN HOLDINGS LIMITED
Abbreviated Accounts
30 November 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office Equipment - 25% straight line
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Fixed and current investments are stated at cost less provision for permanent diminution in value.
£ | |
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Cost | |
At 1 December 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 November 2015 |
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Depreciation | |
At 1 December 2014 |
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Charge for the year |
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On disposals |
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At 30 November 2015 |
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Net book values | |
At 30 November 2015 | 1,081 |
At 30 November 2014 | 812 |
3
Fixed assets Investments
Northburn Consultancy Limited was a 100% subsidiary and was wound up in February 2015. There was no trade in the period.
4 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 December 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: |
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Balance at 30 November 2015: | £ |