Nolan Holdings Limited - Abbreviated accounts 16.1

Nolan Holdings Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 02023134 (England and Wales)















Abbreviated Accounts for the Year Ended 31 March 2016

for

Nolan Holdings Limited

Nolan Holdings Limited (Registered number: 02023134)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Nolan Holdings Limited

Company Information
for the Year Ended 31 March 2016







DIRECTORS: H Nolan
Mrs M E Nolan
Mrs T A Westlake
M Nolan





SECRETARY: Streatham Secretarial Limited





REGISTERED OFFICE: Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY





REGISTERED NUMBER: 02023134 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Nolan Holdings Limited (Registered number: 02023134)

Abbreviated Balance Sheet
31 March 2016

31/3/16 31/3/15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 32 43
Investments 3 15,000 15,000
Investment property 4 560,000 560,000
575,032 575,043

CURRENT ASSETS
Cash at bank 68,561 95,690

CREDITORS
Amounts falling due within one year 145,350 134,248
NET CURRENT LIABILITIES (76,789 ) (38,558 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,243

536,485

CAPITAL AND RESERVES
Called up share capital 5 900 900
Revaluation reserve 514,061 514,061
Profit and loss account (16,718 ) 21,524
498,243 536,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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.

Nolan Holdings Limited (Registered number: 02023134)

Abbreviated Balance Sheet - continued
31 March 2016


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 22 December 2016 and were signed on its behalf
by:





H Nolan - Director


Nolan Holdings Limited (Registered number: 02023134)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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 January 2015).

Turnover
Turnover represents net rents received, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in market value is transferred to a revaluation reserve.

Deferred tax
If the Investment Property was disposed of at market value, a tax liability would arise, but as there is no
intention of disposing of the property in the foreseeable future, no provision for the deferred tax has been made.

The amount of deferred taxation unprovided is estimated at £128,250 (2015 - £128,250).

Depreciation
Depreciation is not provided in respect of the company's investment property, which is reflected at valuation.
This treatment has been adopted to comply with the requirements of the Financial Reporting Standard for
Smaller Entities (effective April 2008) for investment purposes.

Although this is a departure from the accounting requirements of the Companies Act 2006, which requires such
properties to be depreciated, the directors consider the departure in this regard justified on the grounds of
compliance with the Accounting Standard and the overriding requirement under the Companies Act 2006 for
the financial statements to show a true and fair view.

If this departure from the Companies Act 2006 had not been made, the profit for the financial year would have
been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because
depreciation is only one of the many factors reflected in the valuation of the property and the amount which
might otherwise have been shown cannot be separately identified or quantified.

Nolan Holdings Limited (Registered number: 02023134)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 3,200
DEPRECIATION
At 1 April 2015 3,157
Charge for year 11
At 31 March 2016 3,168
NET BOOK VALUE
At 31 March 2016 32
At 31 March 2015 43

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015
and 31 March 2016 15,000
NET BOOK VALUE
At 31 March 2016 15,000
At 31 March 2015 15,000

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

Collinstown Construction Limited
Nature of business: General Builders
%
Class of shares: holding
Ordinary 100.00

Nolan Holdings Limited (Registered number: 02023134)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2015
and 31 March 2016 560,000
NET BOOK VALUE
At 31 March 2016 560,000
At 31 March 2015 560,000

5. CALLED UP SHARE CAPITAL

CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class Nominal 31.3.16 31.3.15
value: £ £
300 Ordinary Class A £1 300 300
400 Ordinary Class B £1 400 400
100 Ordinary Class C £1 100 100
100 Ordinary Class D £1 100 100
900 900