Brandco Holdings Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06573692 (England and Wales)

Abbreviated Accounts

for the Period 1 April 2015 to 31 December 2015

for

Brandco Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M A Aynsley

Mrs P A Aynsley

J A Elliot

R Porter-Smith

SECRETARY:

Carrington-may Limited

REGISTERED OFFICE:

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

REGISTERED NUMBER:

06573692 (England and Wales)

ACCOUNTANTS:

Carrington-May

Chartered Certified Accountants

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

FIXED ASSETS

Investments

2

156,680

CURRENT ASSETS

Debtors

985

6,311

Cash at bank

5

990

6,316

CREDITORS

Amounts falling due within one year

7,168

17,960

NET CURRENT LIABILITIES

(6,178

)

(11,644

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

150,502

145,036

CREDITORS

Amounts falling due after more than one year

150,000

NET ASSETS/(LIABILITIES)

502

(4,964

)

CAPITAL AND RESERVES

Called up share capital

3

501

500

Profit and loss account

1

(5,464

)

SHAREHOLDERS' FUNDS

502

(4,964

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 September 2016 and were signed on its behalf by:

M A Aynsley - Director

Mrs P A Aynsley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have considered the trading and cash flow position of both the company and its subsidiary for a period

of 12 months from the date of the approval of the financial statements . The directors consider that the group will

have the continued support of the directors, continuing to meet its liabilities as they fall due, together with profitable

licences . Therefore the going concern basis of preparation has been adopted .

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 January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Brandco Holdings 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 December 2015

156,680

NET BOOK VALUE

At 31 December 2015

156,680

At 31 March 2015

156,680

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Brandco Management Limited

Nature of business: Marketing & distribution of licensed merchandise.

%

Class of shares:

holding

Ordinary

100.00

2015

£

Aggregate capital and reserves

293,405

299,161

(Loss)/profit for the period

(5,756

)

57,719

Brandco Sportswear Limited

Nature of business: Marketing & distribution of licensed merchandise

%

Class of shares:

holding

Ordinary

100.00

2015

£

Aggregate capital and reserves

(813

)

601

Loss for the period

(1,414

)

(54,027

)

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

value:

£

501

Ordinary

£1

501

500

(2015 - 500 )

1 Ordinary share of £1 was issued during the period for cash of £ 1 .

4.	RELATED PARTY DISCLOSURES

At the balance sheet date the sum of £150,000 is owed by the company to Brandco Management Limited , in respect

of an interest free loan .There are no fixed repayment terms . A loan has been made to Brandco Management from

Brandco Holdings Limited during the 2013 of £75,000. This loan has been fully repisd during the period.. At the

balance sheet date the sum of £nil is outstanding, (2015 - £12,000) . An additional sum of £5,473, (2015 - £6,673)

is also owed to Brandco Management Limited relating to professional fees paid by Brandco Management Limited on

behalf of Brandco Holdings Limited . There are no fixed repayment terms in respect of these fees and interest has not

being accrued or paid .Brandco Management Limited is a wholly owned subsidiary of Brandco Holdings Limited .

The sum of £2 is owed to Brandco Sportswear Limited. Brandco Sportswear Limited is a wholly owned subsidiary of

Brandco Holdings Limited.

During the period Trebor Trust Fund loaned the sum of £75,000 to Brandco Holdings Limited. This loan has been

fully repaid during the period. At the balance sheet date the sum of £nil is outstanding, (2015 - £17,073). Interest is

payable at a rate of 8%.Interest has been charged of £725 (2015- £5,073) and has been fully paid at the balance sheet

date.

Trebor Trust Fund is a shareholder of Brandco Holdings Limited.