Delarue Charterhouse Group Holdings Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 02263283 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Delarue Charterhouse Group Holdings

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C J Lester-Smith

REGISTERED OFFICE:

Cranley House

St Jude's Road

Englefield Green

Egham

Surrey

TW20 0DH

REGISTERED NUMBER:

02263283 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

BANKERS:

Bank of Scotland

600 Georgie Road

Edinburgh

EH11 3XP

FIXED ASSETS

Tangible assets

2

25

25

Investments

3

-

-

25

25

CURRENT ASSETS

Debtors

282,589

283,687

Cash at bank

1,937

6,619

284,526

290,306

CREDITORS

Amounts falling due within one year

314,940

319,448

NET CURRENT LIABILITIES

(30,414

)

(29,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(30,389

)

(29,117

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

(31,389

)

(30,117

)

SHAREHOLDERS' FUNDS

(30,389

)

(29,117

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 7 March 2017 and were signed by:

C J Lester-Smith - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis which assumes that the director will continue to support

the company. If this support was not to continue then this basis may not be appropriate as at the 31 December

2014 the company's net liabilities were £30,389 (2013: £29,117).

Should the company then not be able to continue trading, adjustments to the value of assets would be needed

to provide for any further liabilities which might arise and to reclassify fixed assets as current assets.

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 April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Delarue Charterhouse Group Holdings Limited as an

individual company and do not contain consolidated financial information as the parent of a group. The

company is exempt under section 405 (3a) of the Companies Act 2006 from the requirements to prepare

consolidated financial statements as the majority owned subsidiary, Drole Computing Services Limited, entered

in liquidation. Under section 405 (3a) of the Companies Act 2006 a subsidiary company may be excluded from

consolidation where severe long-term restrictions have substantially hindered the exercise of the rights of the

parent company over the assets or management of the undertaking.

Turnover

Turnover represents net invoiced sales of services, 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.

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

basis:

Computer equipment 33% straight line basis

Taxation

Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or

recovered) using the tax rates and laws that have been enacted or substantially enacted by the balance sheet

date.

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

the balance sheet date where transactions or events that result in an obligation to pay more or less tax in the

future have occurred at the balance sheet date. Timing differences are differences between the company's

taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and

losses in tax assessments in periods different from those in which they are recognised in the financial

statements.

A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all

available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from

which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantially

enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

6,978

DEPRECIATION

At 1 January 2014

and 31 December 2014

6,953

NET BOOK VALUE

At 31 December 2014

25

At 31 December 2013

25

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

974

PROVISIONS

At 1 January 2014

and 31 December 2014

974

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

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

Drole Computing Services Limited

Nature of business: Computer consultancy services.

%

Class of shares:

holding

Ordinary

97.40

31.3.15

31.3.14

£

£

Aggregate capital and reserves

-

(2,915

)

Loss for the year/period

-

(22,766

)

Drole Computing Services Limited went into liquidation following a petition presented to the courts. In light of this

the director considers that an impairment in full of the investment held in its subsidiary should be made in the

year to 31 December 2013.

The financial statements for the subsidiary are unavailable for the period to 31 March 2015 and as such no

information has been included above.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2014 and

31 December 2013:

2014

2013

£

£

C J Lester-Smith

Balance outstanding at start of year

111,904

107,600

Amounts repaid

(12,000

)

-

Balance outstanding at end of year

226,092

111,904

During the year a loan owing to the company from the Estate of Mrs V M Lester-Smith of £111,905 was

transferred to C J Lester-Smith.

Included in other interest received is interest charged at 3.25% to 4% on the loan outstanding; amount for the

year £6,803 (2013:£4,304).