N H H Holdings (UK) Limited Small abridged accounts

N H H HOLDINGS LTD - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of N H H Holdings (UK) Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 08743459

N H H Holdings (UK) Limited

Unaudited Abridged Financial Statements

31 December 2016

N H H Holdings (UK) Limited

Abridged Financial Statements

Year ended 31 December 2016

Contents	Page

Director's report	1

Report to the director on the preparation of the unaudited statutory abridged financial statements	2

Abridged statement of income and retained earnings	3

Abridged statement of financial position	4

Notes to the abridged financial statements	6

The following pages do not form part of the abridged financial statements

Detailed abridged income statement	11

Notes to the detailed abridged income statement	12

N H H Holdings (UK) Limited

Director's Report

Year ended 31 December 2016

The director presents his report and the unaudited abridged financial statements of the company for the year ended 31 December 2016 .

Director

The director who served the company during the year was as follows:

MR N B Newman

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 28 September 2017 and signed on behalf of the board by:

MR N B Newman	MRS C J NEWNAM
Director	Company Secretary

Registered office:

72 Cranford Avenue

Exmouth

Devon

EX8 2QF

N H H Holdings (UK) Limited

Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of N H H Holdings (UK) Limited

Year ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of N H H Holdings (UK) Limited for the year ended 31 December 2016, which comprise the abridged statement of income and retained earnings, abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.

SOUTHON & CO

6 The Parade Chartered Certified Accountants Exmouth Devon EX8 1RL

28 September 2017

N H H Holdings (UK) Limited

Abridged Statement of Income and Retained Earnings

Year ended 31 December 2016

	2016	2015
Note	£	£
Gross profit	475,921	162,975

Administrative expenses	294,629	11,462
	---------	---------
Operating profit	181,292	151,513

		---------	---------
Profit before taxation	5	181,292	151,513

Tax on profit	36,258	10,323
	---------	---------
Profit for the financial year and total comprehensive income	145,034	141,190
	---------	---------

Dividends paid and payable	( 80,000)	( 99,990)

Retained earnings at the start of the year	41,200	–
	---------	--------
Retained earnings at the end of the year	106,234	41,200
	---------	--------

All the activities of the company are from continuing operations.

N H H Holdings (UK) Limited

Abridged Statement of Financial Position

31 December 2016

	2016		2015
Note	£	£	£

Fixed assets

Tangible assets	6	11,531	15,375
Investments	7	1,006	1,006
		--------	--------
		12,537	16,381

Current assets

Debtors	404,830	79,608
Cash at bank and in hand	77,478	4,630
	---------	--------
	482,308	84,238

Creditors: amounts falling due within one year	385,305		55,344
	---------		--------
Net current assets		97,003	28,894
		---------	--------
Total assets less current liabilities		109,540	45,275

Provisions

Taxation including deferred tax	2,306	3,075
	---------	--------
Net assets	107,234	42,200
	---------	--------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	106,234	41,200
	---------	--------
Members funds	107,234	42,200
	---------	--------

These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

N H H Holdings (UK) Limited

Abridged Statement of Financial Position (continued)

31 December 2016

These abridged financial statements were approved by the board of directors and authorised for issue on 28 September 2017 , and are signed on behalf of the board by:

MR N B Newman
Director

Company registration number: 08743459

N H H Holdings (UK) Limited

Notes to the Abridged Financial Statements

Year ended 31 December 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 72 Cranford Avenue, Exmouth, EX8 2QF, Devon.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.

Consolidation

The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor Vehicles	-	25% of written down value

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2015: 2 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2016	2015
	£	£
Depreciation of tangible assets	3,844	5,125
	-------	-------

6. Tangible assets

	£
Cost
At 1 January 2016 and 31 December 2016	20,500
	--------
Depreciation
At 1 January 2016	5,125
Charge for the year	3,844
	--------
At 31 December 2016	8,969
	--------
Carrying amount
At 31 December 2016	11,531
	--------
At 31 December 2015	15,375
	--------

7. Investments

	£
Cost
At 1 January 2016 and 31 December 2016	1,006
	-------
Impairment
At 1 January 2016 and 31 December 2016	–
	-------
Carrying amount
At 31 December 2016	1,006
	-------

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2016
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
MR N B Newman	2,718	75,594	( 80,000)	( 1,688)
	-------	--------	--------	-------

	2015
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
MR N B Newman	–	2,718	–	2,718
	----	-------	----	-------

9. Related party transactions

At the year end the amounts owed by Newmans Property Developments Ltd was £205000 (2015- £Nil). At the year end the amounts owed to Newmans Holidays was £105000 (2015- £Nil) and by Brean Sands Limited was £130493 (2015- £Nil). The company was under the control of Mr N B Newman throughout the current period. Mr N B Newman is the managing director and shareholder.

10. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

No transitional adjustments were required in equity or profit or loss for the year.

N H H Holdings (UK) Limited

Management Information

Year ended 31 December 2016

The following pages do not form part of the abridged financial statements.

N H H Holdings (UK) Limited

Detailed Abridged Income Statement

Year ended 31 December 2016

	2016	2015
	£	£
Turnover	480,699	69,579

Cost of sales

Purchases	4,778	6,504

Other operating income	–	99,900

	---------	---------
Gross profit	475,921	162,975

Overheads

Administrative expenses

Rent	4,080	–
Insurance	1,555	441
Repairs and maintenance (allowable)	2,742	–
Wages and salaries	225,066	–
Staff pension contributions - other	141	–
Motor expenses	955	1,929
Telephone	–	37
Office expenses	3,984	–
Printing postage and stationery	1,820	425
Sundry expenses	26	–
General expenses (allowable)	–	1,183
Advertising	7,135	1,402
Research and development expenditure written off	23,225	–
Bank charges	81	–
Accountancy fees	1,975	920
Directors salaries	18,000	–
Depreciation of tangible assets	3,844	5,125
	---------	--------
	294,629	11,462

	---------	---------
Operating profit	181,292	151,513

	---------	---------
Profit before taxation	181,292	151,513
	---------	---------

N H H Holdings (UK) Limited

Notes to the Detailed Abridged Income Statement

Year ended 31 December 2016

	2016	2015
	£	£

Other operating income

Other operating income (non-taxable)	–	99,900
	----	--------