Delineo Holdings Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09088425 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

DELINEO HOLDINGS LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S N Frater

S B Rowlands

L J Sheridan

N S Melvin

D R Southworth

P J McDowell

SECRETARY:

J Ingham

REGISTERED OFFICE:

110 Chapel Walks

Manchester

M3 5DW

REGISTERED NUMBER:

09088425 (England and Wales)

AUDITORS:

Fairhurst

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Investments

3

1,800,059

1,800,059

CURRENT ASSETS

Debtors

141

141

CREDITORS

Amounts falling due within one year

1,803,435

1,540,968

NET CURRENT LIABILITIES

(1,803,294

)

(1,540,827

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,235

)

259,232

CREDITORS

Amounts falling due after more than one year

-

260,000

NET LIABILITIES

(3,235

)

(768

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(3,435

)

(968

)

SHAREHOLDERS' FUNDS

(3,235

)

(768

)

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2017 and were signed on its behalf by:

N S Melvin - Director

1.	STATUTORY INFORMATION

Delineo Holdings Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Delineo Holdings Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents the invoiced value of management charges received.

Taxation

Taxation expense represents the sum of the current and deferred tax payable.

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or

past reporting period 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 that have originated but not reversed at the

reporting date.

Deferred tax is calculated 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.

Fixed asset investments

Fixed asset investments in subsidiary undertakings are stated at cost less provision for impairment.

Financial instruments

Short term financial liabilities, including other creditors and related party loans, are measured at transaction

price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at

the undiscounted amount due, those payable after one year should be measured at amortised cost, using the

effective interest rate method.

3.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2016

and 31 March 2017

1,800,059

NET BOOK VALUE

At 31 March 2017

1,800,059

At 31 March 2016

1,800,059

4.	SECURED DEBTS

The loan notes are secured by way of a debenture, comprising a fixed and floating charge over the assets, present

and future, of the company and all it's subsidiaries.

5.

LOANS

The loan notes have half yearly repayments of the principal amount commencing in April 2015. The full residual

balance of the loan notes is redeemable at par in April 2017 by the holders.

The loan notes carry fixed interest at the rate of 3% per annum, payable quarterly in arrears.

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John B S Fairhurst BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Fairhurst

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

8.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102 Section 1A.

As a result of transition, loan monies due to group undertakings have been reclassified as due within one year as

they are effectively payable on demand.