24Haymarket Limited Accounts

24HAYMARKET LIMITED - Company Information






24Haymarket Limited
	Company No. 07936588
		Information for Filing with The Registrar
		28 February 2017

The Directors present their report and the accounts for the year ended 28 February 2017.

Principal activities
The principal activity of the company during the year under review was the provision of services associated with early stage investments.




Directors

The Directors who served at any time during the year were as follows:

T.R. Attwood
L.G. Dibden
I.J. Gray
C. Green
M.S. Gumienny
S.N.A. Leefe
D.M. Mitchell
J.L.G.L.C.M. Rihon
N.A.L. Stuart
P. Tselentis


























































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

P. Tselentis
Director
22 September 2017

at	28 February 2017

Company No.		07936588	Notes	2017	2016
				£	£






Current assets

	Debtors		3	55,959	29,141

	Cash at bank and in hand			295,411	125,062
				351,370	154,203
Creditors: Amount falling due within one year			4	(320,953)	(124,361)
Net current assets				30,417	29,842
Total assets less current liabilities				30,417	29,842




Net assets				30,417	29,842

Capital and reserves
	Called up share capital			11	11



	Profit and loss account		5	30,406	29,831

Total equity				30,417	29,842


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 28 February 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 22 September 2017

And signed on its behalf by:

P. Tselentis
Director
22 September 2017

for the year ended 28 February 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Employees
			2017	2016
			Number	Number
		The average number of persons employed during the year :	3	2

3	Debtors
			2017	2016
			£	£
		Trade debtors	26,000	-



		VAT recoverable	1,060	7,038

		Other debtors	21,810	22,103
		Prepayments and accrued income	7,089	-
			55,959	29,141

4	Creditors:
		amounts falling due within one year
			2017	2016
			£	£




		Trade creditors	3,829	-

		Corporation tax	3,398	-
		Other taxes and social security	9,142	6,529
		Loans from directors	216,107	108,107
		Other creditors	8,724	9,725
		Accruals and deferred income	79,753	-
			320,953	124,361

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

6	Related party disclosures
					2017	2016
		Transactions with related parties			£	£

























































		Name of related party	T.R. Attwood
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Directors loan account
		Amount due from/(to) the related party			(25,188)	(13,188)
		Provision for doubtful debts due from the related party			-	-
		Amounts written off in the period in respect of debts from/(to) the related party			-	-

		Name of related party	L.G. Dibden
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Directors loan account
		Amount due from/(to) the related party			(20,571)	(8,571)
		Provision for doubtful debts due from the related party			-	-
		Amounts written off in the period in respect of debts from/(to) the related party			-	-

		Name of related party	I.J. Gray
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Directors loan account
		Amount due from/(to) the related party			(22,188)	(10,188)
		Provision for doubtful debts due from the related party			-	-
		Amounts written off in the period in respect of debts from/(to) the related party			-	-

		Name of related party	C. Green
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Directors loan account
		Amount due from/(to) the related party			(23,688)	(11,688)
		Provision for doubtful debts due from the related party			-	-
		Amounts written off in the period in respect of debts from/(to) the related party			-	-

		Name of related party	M.S. Gumienny
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Directors loan account
		Amount due from/(to) the related party			(23,688)	(11,688)
		Provision for doubtful debts due from the related party			-	-
		Amounts written off in the period in respect of debts from/(to) the related party			-	-

		Name of related party	S.N.A. Leefe
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Directors loan account
		Amount due from/(to) the related party			(23,688)	(11,688)
		Provision for doubtful debts due from the related party			-	-
		Amounts written off in the period in respect of debts from/(to) the related party			-	-

		Name of related party	D.M. Mitchell
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Directors loan account
		Amount due from/(to) the related party			(23,155)	(11,155)
		Provision for doubtful debts due from the related party			-	-
		Amounts written off in the period in respect of debts from/(to) the related party			-	-

		Name of related party	J.L.G.L.C.M. Rihon
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Directors loan account
		Amount due from/(to) the related party			(23,688)	(11,688)
		Provision for doubtful debts due from the related party			-	-
		Amounts written off in the period in respect of debts from/(to) the related party			-	-

		Name of related party	N.A.L. Stuart
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Directors loan account
		Amount due from/(to) the related party			(23,688)	(11,688)
		Provision for doubtful debts due from the related party			-	-
		Amounts written off in the period in respect of debts from/(to) the related party			-	-

		Name of related party	P. Tselentis
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Directors loan account
		Amount due from/(to) the related party			(6,565)	(6,565)
		Provision for doubtful debts due from the related party			-	-
		Amounts written off in the period in respect of debts from/(to) the related party			-	-




















































































































































































































		Controlling party
		Immediate controlling party		No single party controls the company.

Additional information

Its registered number is:

07936588

Its registered office is:

24 Haymarket

1-2 Panton Street

London

SW1Y 4DG