HALEY'S_HOLDINGS_LIMITED - Accounts


Company Registration No. 03067464 (England and Wales)
HALEY'S HOLDINGS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017
HALEY'S HOLDINGS LIMITED
COMPANY INFORMATION
Director
Mr S Haley
Company number
03067464
Registered office
Maple House
118 High Street
Purley
Surrey
United Kingdom
CR8 2AD
Accountants
Bryden Johnson
Kings Parade
Lower Coombe Street
Croydon
CR0 1AA
Business address
Maple House
118 High Street
Purley
Surrey
United Kingdom
CR8 2AD
HALEY'S HOLDINGS LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 7
HALEY'S HOLDINGS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 JUNE 2017
- 1 -

The director presents his annual report and financial statements for the year ended 30 June 2017.

Principal activities

The principal activity of the company continued to be that of a holding company.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr S Haley

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

On behalf of the board
Mr S Haley
Director
11 January 2018
HALEY'S HOLDINGS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HALEY'S HOLDINGS LIMITED FOR THE YEAR ENDED 30 JUNE 2017
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Haley's Holdings Limited for the year ended 30 June 2017 set out on pages 3 to 7 from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Haley's Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 25 August 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Haley's Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Haley's Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Haley's Holdings Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Haley's Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Haley's Holdings Limited. You consider that Haley's Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Haley's Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bryden Johnson
23 January 2018
Chartered Accountants
Kings Parade
Lower Coombe Street
Croydon
CR0 1AA
HALEY'S HOLDINGS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2017
- 3 -
2017
2016
Notes
£
£
Administrative expenses
-
1,550
Profit before taxation
-
1,550
Tax on profit
-
-
Profit for the financial year
-
1,550
HALEY'S HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2017
30 June 2017
- 4 -
2017
2016
Notes
£
£
£
£
Fixed assets
Investments
2
100,000
100,000
Current assets
Debtors
3
-
85,658
Creditors: amounts falling due within one year
4
(98,347)
(700)
Net current (liabilities)/assets
(98,347)
84,958
Total assets less current liabilities
1,653
184,958
Capital and reserves
Called up share capital
5
1,500
67,937
Share premium account
-
35,086
Other reserves
-
81,782
Profit and loss reserves
153
153
Total equity
1,653
184,958

For the financial year ended 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

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

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and signed by the director and authorised for issue on 11 January 2018
Mr S Haley
Director
Company Registration No. 03067464
HALEY'S HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2017
- 5 -
Share capital
Share premium account
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 July 2015
67,937
35,086
81,782
(1,397)
183,408
Year ended 30 June 2016:
Profit and total comprehensive income for the year
-
-
-
1,550
1,550
Balance at 30 June 2016
67,937
35,086
81,782
153
184,958
Year ended 30 June 2017:
Profit and total comprehensive income for the year
-
-
-
-
-
Reduction of shares
5
(66,437)
(35,086)
-
-
(101,523)
Other movements
-
-
(81,782)
-
(81,782)
Balance at 30 June 2017
1,500
-
-
153
1,653
HALEY'S HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017
- 6 -
1
Accounting policies
Company information

Haley's Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Maple House, 118 High Street, Purley, Surrey, United Kingdom, CR8 2AD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

These financial statements for the year ended 30 June 2017 are the first financial statements of Haley's Holdings Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 July 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Fixed asset investments
2017
2016
£
£
Investments
100,000
100,000

 

HALEY'S HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2017
- 7 -
3
Debtors
2017
2016
Amounts falling due within one year:
£
£
Amounts due from group undertakings
-
85,504
Other debtors
-
154
-
85,658
4
Creditors: amounts falling due within one year
2017
2016
£
£
Amounts due to group undertakings
97,622
-
Other creditors
725
700
98,347
700
5
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
150,000Ordinary Shares of 1p each
1,500
67,937
1,500
67,937
6
Related party transactions

At the year end included within other creditors was £97,622 (2016 - £Nil) that was owed to Haley's Limited. Haley's Limited is a subsidiary of the company.

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