Stormway Enterprises Limited - Limited company - abbreviated - 11.6
Stormway Enterprises Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 September 2014 |
| for |
| Stormway Enterprises Limited |
| Stormway Enterprises Limited (Registered number: 03610687) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Stormway Enterprises Limited |
| Company Information |
| for the Year Ended 30 September 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Stormway Enterprises Limited (Registered number: 03610687) |
| Abbreviated Balance Sheet |
| 30 September 2014 |
| 30.9.14 | 30.9.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Stormway Enterprises Limited (Registered number: 03610687) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 2014 |
| 1. | ACCOUNTING POLICIES |
| 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 April 2008). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Stormway Enterprises Limited as an individual |
| company and do not contain consolidated financial information as the parent of a group. The company |
| has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated |
| financial statements. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to the profit and loss account in the period to which they |
| relate. |
| Fixed asset investments |
| Fixed asset investments are valued at cost and tested for impairment if there is an indication it may be |
| appropriate. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 October 2013 |
| and 30 September 2014 |
| NET BOOK VALUE |
| At 30 September 2014 |
| At 30 September 2013 |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| Stormway Enterprises Limited (Registered number: 03610687) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2014 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.14 | 30.9.13 |
| value: | £ | £ |
| 'A' Ordinary | £1 |
| 'B' Ordinary | £1 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At 1st October 2013, the directors loan account's for Mrs K Hill and Mrs E Olympitis had credit |
| balances of £349,966 and £815,651 respectively. During the year, the company repaid £129,372 and |
| £65,580 to Mrs K Hill and Mrs E Olympitis respectively. As a result, at the year end the company |
| owed £220,594 to Mrs K Hill and £750,071 to Mrs E Olympitis. |
| 5. | RELATED PARTY DISCLOSURES |
| During the year the company sold services in the sum of £546,554 (2013: £406,000) to Todhunter |
| Earle Limited and bought services in the sum £40,000 from the same company, a subsidiary of the |
| company . The company received dividends of £500,000 (2013: £300,000) from Todhunter Earle |
| Limited. Other creditors include £465,071 (2013: £1048,698) due to Todhunter Earle Limited. |
| During the year the company sold services in the sum of £40,000 (2013: £20,000) to The Emily |
| Todhunter Collection Limited, a subsidiary of the company. The company received dividends of |
| £200,000 (2013: £200,000) from The Emily Todhunter Collection Limited. Other debtors include |
| £27,421 (2013: £220,000) from The Emily Todhunter Collection Limited. |
| All transactions were carried out on terms which the directors consider to be normal commercial terms. |
| 6. | ULTIMATE CONTROLLING PARTY |
| There is no controlling party of the company with both directors owning 50% of the issued share capital |
| and unable to exert significantly more influence than the other. |