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Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
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Hummus Brothers Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
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for |
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Hummus Brothers Limited |
Hummus Brothers Limited (Registered number: 05045547) |
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Contents of the Abbreviated Accounts |
for the Year Ended 29 February 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 | 4 |
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Chartered Certified Accountants' Report | 8 |
Hummus Brothers Limited |
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Company Information |
for the Year Ended 29 February 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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Hummus Brothers Limited (Registered number: 05045547) |
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Abbreviated Balance Sheet |
29 February 2016 |
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29.2.16 | 28.2.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 5 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium |
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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. |
Hummus Brothers Limited (Registered number: 05045547) |
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Abbreviated Balance Sheet - continued |
29 February 2016 |
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The financial statements were approved by the Board of Directors on
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Hummus Brothers Limited (Registered number: 05045547) |
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Notes to the Abbreviated Accounts |
for the Year Ended 29 February 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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Intangible asset |
Amortised at rates calculated to write of the asset over its useful life. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period |
of the lease. |
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Pensions |
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the |
profit and loss account. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2015 |
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Additions |
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At 29 February 2016 |
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AMORTISATION |
At 1 March 2015 |
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Amortisation for year |
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At 29 February 2016 |
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NET BOOK VALUE |
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At 29 February 2016 |
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At 28 February 2015 |
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Hummus Brothers Limited (Registered number: 05045547) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 29 February 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2015 |
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Additions |
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Disposals | ( |
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At 29 February 2016 |
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DEPRECIATION |
At 1 March 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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COST |
At 1 March 2015 |
and 29 February 2016 | 4 |
NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 1 | 1 |
Hummus Brothers Limited (Registered number: 05045547) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 29 February 2016 |
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4. | FIXED ASSET INVESTMENTS - continued |
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Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 1 | 1 |
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Country of incorporation: ENGLAND AND WALES |
Nature of business:
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Class of shares: | holding |
ORDINARY | 100.00 |
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£ | £ |
Aggregate capital and reserves | 1 | 1 |
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Country of incorporation: ENGLAND AND WALES |
Nature of business:
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Class of shares: | holding |
ORDINARY | 100.00 |
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£ | £ |
Aggregate capital and reserves | 1 | 1 |
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5. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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29.2.16 | 28.2.15 |
£ | £ |
Repayable otherwise than by instalments | 174,102 | 174,102 |
Hummus Brothers Limited (Registered number: 05045547) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 29 February 2016 |
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6. | CALLED UP SHARE CAPITAL |
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On 16 07 2015 following changes were made: |
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The company converted each £1 share to five 20p shares. |
Further 46749 CLASS D Shares were issued with a share premium of £433812.40.This implied a company |
valuation of £5.5 million. |
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Ordinary Shares |
One vote per share and right to receive dividends. |
On a return of assets on liquidation or capital reduction, the proceeds or (as applicable) the assets of the Company |
remaining after the payment of its liabilities shall be applied in the following order of priority:- |
The first £3million will be distributed as follows: |
Third in paying the holders of ordinary shares Total Issue Price. |
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C Ordinary |
One vote per share and right to receive dividends. |
On a return of assets on liquidation or capital reduction, the proceeds or (as applicable) the assets of the Company |
remaining after the payment of its liabilities shall be applied in the following order of priority:- |
The first £3million will be distributed as follows: |
First in paying holders of C Ordinary Shares the Total Issue Price. |
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D Ordinary |
One vote per share and right to Dividends. |
On a return of assets on liquidation or capital reduction, the proceeds or (as applicable) the assets of the Company |
remaining after the payment of its liabilities shall be applied in the following order of priority:- |
The balance of £3million, if any after distribution made to Ordinary, B and C shares.shall be distributed amongst |
holders of Ordinary B shares, C ordinary Shares and D ordinary Shares pari passu as if the same constituted one |
class of share in proportion to the percentage of shares held by them in the Company. |
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Preference Shares |
No vote per share. No right to receive dividends. |
On a return of assets on liquidation or capital reduction, the proceeds or (as applicable the assets of the Company |
remaining after the payment of its liabilities shall be applied in the following order of priority:- |
The first £3million will be distributed as follows:- |
Second paying to the holders of the preference shares the total issue price. |
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7. | POST BALANCE SHEET EVENTS |
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In March 2016, the company opened a new branch in prime location in Eastcheap. |
The funding from the issue of further shares will enable expansion of the branches and to develop branded range of |
products for sale to supermarkets.. |
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8. | ULTIMATE CONTROLLING PARTY |
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The Directors' of the company control the company by virtue of their combined shareholding. |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Hummus Brothers Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to seven) have |
been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Hummus Brothers Limited for the year ended 29 February 2016 which comprise the Profit and Loss Account, |
the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you |
have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of Hummus Brothers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hummus Brothers Limited and state those matters that we have agreed to state to the Board of Directors of Hummus Brothers Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Hummus Brothers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hummus Brothers Limited. You consider that Hummus Brothers Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Hummus Brothers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Certified Accountants |
Business Advisors |
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30 August 2016 |