05107560_LIMITED - Accounts

05107560 LIMITED - Company Information

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Company Registration No. 05107560 (England and Wales)

05107560 LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

05107560 LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

05107560 LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Investments

645,200

Current assets

Debtors

20,285

213,054

Cash at bank and in hand

123,988

144,273

213,059

Creditors: amounts falling due within one year

(141,959)

(52,321)

Net current assets

2,314

160,738

Total assets less current liabilities

647,514

805,938

Capital and reserves

Called up share capital

581,006

Other reserves

64,500

Profit and loss account

2,008

160,432

Shareholders' funds

647,514

805,938

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 February 2015

Paul Andrew Warren

John Derrick Green

Director

Company Registration No. 05107560

05107560 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

The company ceased to trade post year end.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts invoiced for services provided by the parent company to the subsidiaries.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 1 June 2013 & at 31 May 2014

645,200

At 31 May 2013

645,200

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Pierce C. A. Limited

England

Ordinary

100.00

Pierce Forensic Limited

England

Ordinary

100.00

Pierce Corporate Finance Limited

England

Ordinary

100.00

05107560 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

Pierce C. A. Limited

Business advisors

646,778

580,738

Pierce Forensic Limited

Business advisors

137,214

66,599

Pierce Corporate Finance Limited

Business advisors

60,893

72,253

Share capital

2014

2013

Allotted, called up and fully paid

580,500 "A" Ordinary shares of £1 each

580,500

500 "B" Ordinary shares of £1 each

500

1 "C" Ordinary shares" of £1 each

5 "D" Ordinary shares of £1 each

581,006

Ultimate parent company

The ultimate controlling parties are Graham Boyes, Paul Warren, John Green. Nadeem Hussain and Mark Maden-Wilkinson who, between them, own all of the issued share capital of the company.