HY Duke & Son Limited - Period Ending 2015-04-08

Registration number: 03861999

HY Duke & Son Limited Unaudited Abbreviated Accounts for the Year Ended 8 April 2015

Kennedy Legg
Accountants
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

HY Duke & Son Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
HY Duke & Son Limited
for the Year Ended 8 April 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HY Duke & Son Limited for the year ended 8 April 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of HY Duke & Son Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of HY Duke & Son Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HY Duke & Son Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that HY Duke & Son Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of HY Duke & Son Limited. You consider that HY Duke & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of HY Duke & Son 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 accounts.

......................................

Kennedy Legg
Accountants
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

17 August 2015

Page 1

HY Duke & Son Limited
(Registration number: 03861999)
Abbreviated Balance Sheet at 8 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					-			13,200
Investments					8,114,344			5,981,556
					8,114,344			5,994,756
Current assets
Cash at bank and in hand					200			200
Creditors: Amounts falling due within one year					(1,901,805)			(139,445)
Net current liabilities					(1,901,605)			(139,245)
Net assets					6,212,739			5,855,511
Capital and reserves
Called up share capital		3			200			200
Revaluation reserve					179,085			179,085
Profit and loss account					6,033,454			5,676,226
Shareholders' funds					6,212,739			5,855,511

For the year ending 8 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 17 August 2015 and signed on its behalf by:

.........................................
Mr Guy John Schwinge
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

HY Duke & Son Limited
(Registration number: 03861999)
Abbreviated Balance Sheet at 8 April 2015
......... continued

.........................................
Mr Garry Peter Batt
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

HY Duke & Son Limited
Notes to the Abbreviated Accounts for the Year Ended 8 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the company's share of profits in Duke's partnership.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Buildings	No depreciation

Fixed asset investments

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

HY Duke & Son Limited
Notes to the Abbreviated Accounts for the Year Ended 8 April 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 9 April 2014		13,200			5,981,556			5,994,756
Additions		-			2,272,303			2,272,303
Disposals		(13,200)			(139,515)			(152,715)
At 8 April 2015		-			8,114,344			8,114,344
Depreciation
At 8 April 2015		-			-			-
Net book value
At 8 April 2015		-			8,114,344			8,114,344
At 8 April 2014		13,200			5,981,556			5,994,756

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A shares of £1 each		100			100			100			100
Ordinary B shares of £1 each		100			100			100			100
		200			200			200			200

Page 5