| HB Associates VPP Limited |
| Registered number: |
05897330 |
| Abbreviated Balance Sheet |
| as at 31 July 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
25,280 |
|
|
43,766 |
|
| Current assets |
| Debtors |
|
|
68,771 |
|
|
71,846 |
| Cash at bank and in hand |
|
|
3,871 |
|
|
4,684 |
|
|
|
72,642 |
|
|
76,530 |
|
| Creditors: amounts falling due within one year |
|
|
(58,758) |
|
|
(51,314) |
|
| Net current assets |
|
|
|
13,884 |
|
|
25,216 |
|
| Total assets less current liabilities |
|
|
|
39,164 |
|
|
68,982 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(36,018) |
|
|
(52,567) |
|
|
|
| Net assets |
|
|
|
3,146 |
|
|
16,415 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
2,146 |
|
|
15,415 |
|
| Shareholders' funds |
|
|
|
3,146 |
|
|
16,415 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mark Harrop |
| Director |
| Approved by the board on 27 April 2017 |
|
| HB Associates VPP Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant, machinery and equipment |
25% reducing balance |
|
Amortisation of lease |
26% straight line |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
90,346 |
|
Additions |
19,636 |
|
Disposals |
(18,360) |
|
At 31 July 2016 |
91,622 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2015 |
46,580 |
|
Charge for the year |
19,762 |
|
At 31 July 2016 |
66,342 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2016 |
25,280 |
|
At 31 July 2015 |
43,766 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Related party transactions |
|
|
The directors of HB Associates VPP Limited, are also directors and majority shareholders of HB Associates UK Limited, a company registered in England and Wales. At the balance sheet date, an intercompany loan account was in operation. HB Associates UK Limited were indebted to HB Associates VPP Limited, in the amount of £43,280 (2015 - £44,886). |
|
| 5 |
Transactions with the directors |
|
|
During the year, the company operated a loan account with the directors, as shown in debtors. At the balance sheet date, the directors were indebted to the company in the amount of £3,561 (2015 credit £449). |
