Share Credit Holding Company Limited - Limited company accounts 16.3
Share Credit Holding Company Limited - Limited company accounts 16.3
REGISTERED NUMBER: |
Report of the Director and |
Financial Statements for the Year Ended 31 March 2017 |
for |
Share Credit Holding Company Limited |
Share Credit Holding Company Limited (Registered number: 09579614) |
Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Report of the Independent Auditors | 3 |
Income Statement | 5 |
Balance Sheet | 6 |
Notes to the Financial Statements | 7 |
Share Credit Holding Company Limited |
Company Information |
for the Year Ended 31 March 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Certified Accountants |
3rd Floor |
9 St. Clare Street |
London |
EC3N 1LQ |
Share Credit Holding Company Limited (Registered number: 09579614) |
Report of the Director |
for the Year Ended 31 March 2017 |
The director presents her report with the financial statements of the company for the year ended 31 March 2017. |
DIRECTOR |
STATEMENT OF DIRECTOR'S RESPONSIBILITIES |
The director is responsible for preparing the Report of the Director and the financial statements in accordance with |
applicable law and regulations. |
Company law requires the director to prepare financial statements for each financial year. Under that law the director has |
elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice |
(United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial |
statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or |
loss of the company for that period. In preparing these financial statements, the director is required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's |
transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure |
that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the |
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) |
of which the company's auditors are unaware, and she has taken all the steps that she ought to have taken as a director in |
order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that |
information. |
AUDITORS |
The auditors, Wilson & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
ON BEHALF OF THE BOARD: |
Report of the Independent Auditors to the Members of |
Share Credit Holding Company Limited |
We have audited the financial statements of Share Credit Holding Company Limited for the year ended 31 March 2017 on |
pages five to eight. The financial reporting framework that has been applied in their preparation is applicable law and United |
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. |
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies |
Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are |
required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do |
not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit |
work, for this report, or for the opinions we have formed. |
Respective responsibilities of director and auditors |
Scope of the audit of the financial statements |
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give |
reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. |
This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have |
been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the |
director; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial |
information in the Report of the Director to identify material inconsistencies with the audited financial statements and to |
identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge |
acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or |
inconsistencies we consider the implications for our report. |
Opinion on financial statements |
In our opinion the financial statements: |
- | give a true and fair view of the state of the company's affairs as at 31 March 2017 and of its loss for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
Opinion on other matter prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of our audit, the information given in the Report of the Director |
for the financial year for which the financial statements are prepared is consistent with the financial statements, and has been |
prepared in accordance with applicable legal requirements. In the light of the knowledge and understanding of the company |
and its environment, we have not identified any material misstatements in the Report of the Director. |
Report of the Independent Auditors to the Members of |
Share Credit Holding Company Limited |
Matters on which we are required to report by exception |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, |
in our opinion: |
- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of director's remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- | the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director. |
Chartered Certified Accountants |
3rd Floor |
9 St. Clare Street |
London |
EC3N 1LQ |
Share Credit Holding Company Limited (Registered number: 09579614) |
Income Statement |
for the Year Ended 31 March 2017 |
Period |
7.5.15 |
Year Ended | to |
31.3.17 | 31.3.16 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING LOSS and |
LOSS BEFORE TAXATION | ( |
) |
Tax on loss |
LOSS FOR THE FINANCIAL YEAR | ( |
) |
Share Credit Holding Company Limited (Registered number: 09579614) |
Balance Sheet |
31 March 2017 |
31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
CURRENT ASSETS |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 5 |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The financial statements were approved by the director on |
Share Credit Holding Company Limited (Registered number: 09579614) |
Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
1. | STATUTORY INFORMATION |
Share Credit Holding Company Limited is a |
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 |
On the basis of long term financial support from its shareholder, the company will continue in operational existence |
in the foreseeable future. For this reason, the director continues to adopt going concern basis to preparing financial |
statements. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the |
extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 April 2016 |
Additions |
Disposals | ( |
) |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
Share Credit Holding Company Limited (Registered number: 09579614) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Other creditors |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Amounts owed to group undertakings |