H B Pearce (Contractors) Limited - Abbreviated accounts 16.3

H B Pearce (Contractors) Limited - Abbreviated accounts 16.3

H.B. PEARCE (CONTRACTORS) LIMITED - Company Information

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REGISTERED NUMBER: 00396856 (England and Wales)






















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

H B PEARCE (CONTRACTORS) LIMITED

H B PEARCE (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00396856)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

H B PEARCE (CONTRACTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2016







DIRECTORS: Mrs E R Pearce
T B Pearce
Mrs L E Pearce
Mrs R L Pearce



SECRETARY: Mrs E R Pearce



REGISTERED OFFICE: Thorpe House
93 Headlands
Kettering
Northamptonshire
NN15 6BL



REGISTERED NUMBER: 00396856 (England and Wales)



BANKERS: Coutts & Co
440 Strand
London
Page 1
H B PEARCE (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00396856)

ABBREVIATED BALANCE SHEET
31 JULY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1 1
Tangible assets 3 48,277 28,467
Investments 4 8,869,974 7,916,715
8,918,252 7,945,183

CURRENT ASSETS
Debtors 242,119 141,489
Cash at bank 61,826 31,053
303,945 172,542
CREDITORS
Amounts falling due within one year 5 630,871 541,755
NET CURRENT LIABILITIES (326,926 ) (369,213 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,591,326
7,575,970

CREDITORS
Amounts falling due after more than one
year
5
6,764,374
5,395,981
NET ASSETS 1,826,952 2,179,989

CAPITAL AND RESERVES
Called up share capital 6 50,000 50,000
Revaluation reserve 1,567,468 1,950,968
Profit and loss account 209,484 179,021
SHAREHOLDERS' FUNDS 1,826,952 2,179,989

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

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

The notes form part of these abbreviated accounts

Page 2 continued...
H B PEARCE (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00396856)

ABBREVIATED BALANCE SHEET - continued
31 JULY 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 26 April 2017 and were signed on its behalf by:





T B Pearce - Director


The notes form part of these abbreviated accounts

Page 3
H B PEARCE (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00396856)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles - 10% on cost
Computer equipment - 33 1/3 % on cost

Hire purchase
The cost of assets held under hire purchase contracts are included in tangible fixed assets and depreciated at the
appropriate rates. The capital element of future repayments is included in creditors, whilst the finance charge
element is written off to the profit and loss account.


Investment properties
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) investment
properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve, with
the exception of deficits (or their reversals), on individual investment properties which are expected to be
permanent. Such deficits (or their reversals) are charged (or credited) in the profit and loss account of the year.
The directors consider that this accounting policy results in the accounts giving a true and fair view.

Turnover
Turnover represents rental income from operating leases and property sales. Rental income is credited to the
profit and loss account on a straight-line basis over the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 1
NET BOOK VALUE

At 31 July 2016 1
At 31 July 2015 1

Page 4 continued...
H B PEARCE (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00396856)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JULY 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 64,545
Additions 26,374
At 31 July 2016 90,919
DEPRECIATION
At 1 August 2015 36,078
Charge for year 6,564
At 31 July 2016 42,642
NET BOOK VALUE
At 31 July 2016 48,277
At 31 July 2015 28,467

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST OR VALUATION
At 1 August 2015 7,916,715
Additions 1,336,759
Revaluations (383,500 )
At 31 July 2016 8,869,974
NET BOOK VALUE
At 31 July 2016 8,869,974
At 31 July 2015 7,916,715

5. CREDITORS

Creditors include an amount of £ 6,876,600 (2015 - £ 5,482,332 ) for which security has been given.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
50,000 Ordinary shares £1 50,000 50,000

Page 5