T. Stace & Sons Ltd - Limited company - abbreviated - 11.9
T. Stace & Sons Ltd - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE PERIOD 6 AUGUST 2014 TO 30 SEPTEMBER 2015 |
FOR |
T. STACE & SONS LTD |
T. STACE & SONS LTD (REGISTERED NUMBER: 09164217) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 6 AUGUST 2014 TO 30 SEPTEMBER 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
T. STACE & SONS LTD |
COMPANY INFORMATION |
FOR THE PERIOD 6 AUGUST 2014 TO 30 SEPTEMBER 2015 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
T. STACE & SONS LTD (REGISTERED NUMBER: 09164217) |
ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2015 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors |
Investments |
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 | 4 |
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 |
T. STACE & SONS LTD (REGISTERED NUMBER: 09164217) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 6 AUGUST 2014 TO 30 SEPTEMBER 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention. |
Turnover |
Turnover represents the rental income received from the investment properties, excluding value added tax where |
applicable. |
Investment property |
Investment properties are included in the balance sheet at their open market value. Investment properties are |
not depreciated. Although this accounting policy is in accordance with applicable accounting standard SSAP 19, |
Accounting for Investment Properties, it is a departure from the general requirement of the Companies Act 2006 |
for all tangible assets to be depreciated. In our opinion the directors compliance with the standard is necessary |
for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors |
reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be |
separately identified or quantified. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Current asset investments |
Current asset investments are stated at the lower of cost and current market value. |
2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
Additions | 380 |
Disposals | (380 | ) |
At 30 September 2015 | - |
NET BOOK VALUE |
At 30 September 2015 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Joint venture |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 50.00 |
2015 |
£ |
Aggregate capital and reserves | 1,083,068 |
Profit for the period | 86,260 |
In accordance with the reorganisation of Silvi Trimmings Limited referred to in Note 14 the company acquired the |
"T" division shares on 30 September 2014. As part of this transaction the company received a dividend in-specie |
of £1,186,487 which was paid by the transfer of investments properties, listed investments and directors loans. |
The shares were then cancelled by Silvi Trimmings Limited on 29 October 2014. |
T. STACE & SONS LTD (REGISTERED NUMBER: 09164217) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 6 AUGUST 2014 TO 30 SEPTEMBER 2015 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
Additions |
At 30 September 2015 |
NET BOOK VALUE |
At 30 September 2015 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 |
5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 30 September 2015: |
£ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid |
Balance outstanding at end of period |