E-RESERVE HOLDINGS LIMITED - Accounts to registrar (filleted) - small 18.2
E-RESERVE HOLDINGS LIMITED - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
2 February 2018 to 31 July 2019 |
for |
E-RESERVE HOLDINGS LIMITED |
E-RESERVE HOLDINGS LIMITED (Registered number: SC587667) |
Contents of the Financial Statements |
for the Period 2 February 2018 to 31 July 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
E-RESERVE HOLDINGS LIMITED |
Company Information |
for the Period 2 February 2018 to 31 July 2019 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
6 Logie Mill |
Edinburgh |
Lothian |
EH7 4HG |
E-RESERVE HOLDINGS LIMITED (Registered number: SC587667) |
Balance Sheet |
31 July 2019 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
E-RESERVE HOLDINGS LIMITED (Registered number: SC587667) |
Balance Sheet - continued |
31 July 2019 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director on |
E-RESERVE HOLDINGS LIMITED (Registered number: SC587667) |
Notes to the Financial Statements |
for the Period 2 February 2018 to 31 July 2019 |
1. | STATUTORY INFORMATION |
E-RESERVE HOLDINGS LIMITED is a |
company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is |
provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual life, of each |
asset on a straight-line basis over its expected useful life, as follows: |
Motor vehicles | - | 20% per annum |
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, |
after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at |
the end of its useful life. |
Investments in subsidiaries |
Investments in subsidiaries are measured at cost less impairment. Cost is measured by reference to the nominal |
value of the shares issued plus fair value of other consideration. |
Impairment |
Assets and investments in subsidiaries not measured at fair value are reviewed for any indication that the asset |
may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the |
asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount |
exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a |
revalued amount where the impairment loss is a revaluation decrease. |
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured |
at their settlement date. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and |
Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
E-RESERVE HOLDINGS LIMITED (Registered number: SC587667) |
Notes to the Financial Statements - continued |
for the Period 2 February 2018 to 31 July 2019 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Fixed asset investments |
Investments are measured at fair value through profit or loss. Where fair value cannot be measured reliably, |
investments are measured at cost less impairment. |
Provisions |
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past |
event, it is probable that the company will be required to settle that obligation and a reliable estimate can be |
made of the amount of the obligation. |
The amount recognised as a provision is the best estimate of the consideration required to settle the present |
obligation at the balance sheet date, taking into accounts the risks and uncertainties surrounding the obligation. |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
Additions |
Disposals | ( |
) |
At 31 July 2019 |
DEPRECIATION |
Charge for period |
Eliminated on disposal | ( |
) |
At 31 July 2019 |
NET BOOK VALUE |
At 31 July 2019 |
E-RESERVE HOLDINGS LIMITED (Registered number: SC587667) |
Notes to the Financial Statements - continued |
for the Period 2 February 2018 to 31 July 2019 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
Additions | 406,521 |
Revaluations | 16,287 |
At 31 July 2019 | 422,808 |
NET BOOK VALUE |
At 31 July 2019 | 422,808 |
Cost or valuation at 31 July 2019 is represented by: |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Valuation in 2019 | - | 16,287 | 16,287 |
Cost | 102 | 406,419 | 406,521 |
102 | 422,706 | 422,808 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 6 Logie Mill, Edinburgh, Lothian, EH7 4HG |
Nature of business: |
% |
Class of shares: | holding |
31.7.19 |
£ |
Aggregate capital and reserves |
Loss for the period | ( |
) |
Registered office: 6 Logie Mill, Edinburgh, Lothian, EH7 4HG |
Nature of business: |
% |
Class of shares: | holding |
31.7.19 |
£ |
Aggregate capital and reserves | ( |
) |
Loss for the period | ( |
) |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
E-RESERVE HOLDINGS LIMITED (Registered number: SC587667) |
Notes to the Financial Statements - continued |
for the Period 2 February 2018 to 31 July 2019 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
8. | PROVISIONS FOR LIABILITIES |
£ |
Deferred tax | 2,274 |
Deferred |
tax |
£ |
Provided during period |
Balance at 31 July 2019 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 200 |
10. | RESERVES |
Retained |
earnings |
£ |
Profit for the period |
Dividends | ( |
) |
At 31 July 2019 |
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
As at 31 July 2019, the the company owed the director £713. |
12. | RELATED PARTY DISCLOSURES |
During the period, total dividends of £7,000 were paid to the director . |
E-RESERVE HOLDINGS LIMITED (Registered number: SC587667) |
Notes to the Financial Statements - continued |
for the Period 2 February 2018 to 31 July 2019 |
12. | RELATED PARTY DISCLOSURES - continued |
Related party |
Transaction |
Movement in the period ended 31.7.19 |
Balance receivable from/(payable to) related party at 31.7.19 |
£ | £ |
E-Reserve Limited |
Loan |
57,491 |
57,491 |
Dividend | 556,000 | - |
Sleephappy Limited |
Loan |
1,356 |
1,356 |
E-Reserve Limited and Sleephappy Limited are wholly owned subsidiaries of E-Reserve Holdings Limited. |
13. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |