|
Registered number: 02847848
HUDSON KAPEL MANAGEMENT LTD
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
|
COMPANY INFORMATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chartered Accountants & Statutory Auditor
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
|
CONTENTS
|
|
|
|
|
|
Independent auditors' report
|
|
|
|
|
|
|
|
Notes to the financial statements
|
|
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
|
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
The director presents his report and the audited financial statements for the year ended 31 December 2015.
Director's responsibilities statement
|
The director is responsible for preparing the Director's report and the financial statements in accordance with applicable law and regulations.
|
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
|
·select suitable accounting policies and then apply them consistently;
|
·make judgments and accounting estimates that are reasonable and prudent;
|
·prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
|
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
|
The company did not trade during the year.
|
|
The director who served during the year was:
|
Disclosure of information to auditors
|
The director at the time when this Director's report is approved has confirmed that:
·so far as he is aware, there is no relevant audit information of which the company's auditors are unaware, and
·he has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.
|
|
|
Under section 487(2) of the Companies Act 2006, Venthams will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
|
Page 1
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
|
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
|
This report was approved by the board and signed on its behalf.
Page 2
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
|
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF HUDSON KAPEL MANAGEMENT LTD
We have audited the financial statements of Hudson Kapel Management Ltd for the year ended 31 December 2015, set out on pages 5 to 9. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard for Smaller Entities (effective January 2015) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities).
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of director and auditors
As explained more fully in the Director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.
Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the director; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Director's report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
Opinion on financial statements
In our opinion the financial statements:
·give a true and fair view of the state of the company's affairs as at 31 December 2015 and of its results for the year then ended;
·have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and
·have been prepared in accordance with the requirements of the Companies Act 2006.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion the information given in the Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements.
Page 3
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
|
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS OF HUDSON KAPEL MANAGEMENT LTD
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
·adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
·the financial statements are not in agreement with the accounting records and returns; or
·certain disclosures of director's remuneration specified by law are not made; or
·we have not received all the information and explanations we require for our audit; or
·the director was not entitled to prepare the financial statements in accordance with the small companies regime and to take advantage of the small companies' exemption from the requirement to prepare a Strategic report or in preparing the Director's report.
Stuart Harrison (Senior statutory auditor)
for and on behalf of
Venthams
Chartered Accountants
Statutory Auditor
Millhouse
32 - 38 East Street
Rochford
Essex
SS4 1DB
17 February 2016
Page 4
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
|
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION
|
|
|
|
Tax on profit on ordinary activities
|
|
|
|
PROFIT FOR THE FINANCIAL YEAR
|
|
|
|
|
|
|
|
|
The notes on pages 7 to 9 form part of these financial statements.
Page 5
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
REGISTERED NUMBER: 02847848
|
BALANCE SHEET
AS AT 31 DECEMBER 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CREDITORS: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
|
|
The financial statements have been prepared in accordance with the special provisions applicable to small companies within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Page 6
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
1.ACCOUNTING POLICIES
|
|
|
Basis of preparation of financial statements
|
|
|
|
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
|
|
|
|
|
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
|
|
|
|
Tangible fixed assets and depreciation
|
|
|
|
|
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
|
|
|
|
|
|
|
|
|
|
|
|
Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.
|
|
|
|
|
|
|
|
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and loss account.
|
2.PROFIT
The profit is stated after charging:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation of tangible fixed assets:
|
|
|
|
|
|
|
|
|
During the year, no director received any emoluments (2014 - £NIL).
Page 7
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
3.TAXATION
|
|
|
UK corporation tax charge on profit for the year
|
|
|
|
|
|
|
|
|
4.DEBTORS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.CREDITORS:
Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.SHARE CAPITAL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
1,000 Ordinary shares of £1 each
|
|
|
7.RESERVES
|
|
|
|
|
|
|
|
At 1 January 2015 and 31 December 2015 the reserves were £nil.
|
Page 8
|
|
|
|
|
HUDSON KAPEL MANAGEMENT LTD
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
8.RECONCILIATION OF MOVEMENT IN SHAREHOLDERS' FUNDS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening shareholders' funds
|
|
|
|
|
|
Profit for the financial year
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued during the year
|
|
|
|
|
|
Closing shareholders' funds
|
|
|
|
|
|
|
|
|
9.DIVIDENDS
|
|
|
Dividends paid on equity capital
|
|
|
10.RELATED PARTY TRANSACTIONS
During the year rent of £Nil (2014: £227,748) was received from Hudson Kapel Limited its parent company.
At the balance sheet date the company had the following balances with Hudson Kapel Limited: Trade debtors of £Nil (2014: £33,844); Other debtors of £1,000 (2014: Other creditors of £391,382)
11.ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY
The parent company is Hudson Kapel Limited.
The ultimate controlling party for the current year is Arctos Holdings Limited, by virtue of its shareholding in the parent company.
Page 9
|
