Delarue Charterhouse Group Holdings Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02263283 (England and Wales)

Unaudited Financial Statements

for the Period

1 January 2017 to 31 March 2018

for

Delarue Charterhouse Group Holdings

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

C J Lester-Smith

REGISTERED OFFICE:

Cranley House

St Jude's Road

Englefield Green

Egham

Surrey

TW20 0DH

REGISTERED NUMBER:

02263283 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

BANKERS:

Bank of Scotland

600 Georgie Road

Edinburgh

EH11 3XP

CURRENT ASSETS

Debtors

6

56,497

288,269

Cash at bank

1,906

5,815

58,403

294,084

CREDITORS

Amounts falling due within one year

7

89,467

318,083

NET CURRENT LIABILITIES

(31,064

)

(23,999

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,064

)

(23,999

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(32,064

)

(24,999

)

SHAREHOLDERS' FUNDS

(31,064

)

(23,999

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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.

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

The financial statements were approved by the director on 18 September 2018 and were signed by:

C J Lester-Smith - Director

1.	STATUTORY INFORMATION

Delarue Charterhouse Group 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.

The accounts are prepared on a going concern basis which assumes that the director will continue to support

the company. If this support was not to continue then this basis may not be appropriate as at the 31 March 2018

the company's net liabilities were £31,064 (31 December 2016: £23,999).

During the period the company ceased trading. It is in the directors opinion that no adjustments are required to

the current view given by the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Delarue Charterhouse Group Holdings Limited as an

individual company and do not contain consolidated financial information as the parent of a group. The

company is exempt under section 405 (3a) of the Companies Act 2006 from the requirements to prepare

consolidated financial statements as the majority owned subsidiary, Drole Computing Services Limited, entered

in liquidation. Under section 405 (3a) of the Companies Act 2006 a subsidiary company may be excluded from

consolidation where severe long-term restrictions have substantially hindered the exercise of the rights of the

parent company over the assets or management of the undertaking.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off

the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following

basis:

Computer equipment 33% straight line basis

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the period 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 taxation

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 period 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2016 - 1 ).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2017

6,978

Disposals

(6,978

)

At 31 March 2018

-

DEPRECIATION

At 1 January 2017

6,978

Eliminated on disposal

(6,978

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

-

At 31 December 2016

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2017

and 31 March 2018

974

PROVISIONS

At 1 January 2017

and 31 March 2018

974

NET BOOK VALUE

At 31 March 2018

-

At 31 December 2016

-

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Drole Computing Services Limited

Registered office:

Nature of business: Computer consultancy services.

%

Class of shares:

holding

Ordinary

97.40

On the 25 June 2014 Drole Computing Services Limited went into liquidation following a petition presented to

the courts. In light of this in the year to 31 December 2013 the director considered that an impairment in full of

the investment held in its subsidiary should be made.

The financial statements for the subsidiary are unavailable for the years to 31 March 2018 and 31 March 2017

and as such no information has been included above.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2016

£

£

Other debtors

56,497

288,269

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2016

£

£

Amounts owed to group undertakings

87,607

314,607

Taxation and social security

27

1,226

Other creditors

1,833

2,250

89,467

318,083

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2016

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2018 and the year

ended 31 December 2016:

2018

2016

£

£

C J Lester-Smith

Balance outstanding at start of period

231,252

224,699

Amounts advanced

1,491

6,553

Amounts repaid

(233,675

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(932

)

231,252

Included in other interest received is interest charged at 2.50% and 3.00% on the loan outstanding; amount

charged in the period £624 (31 December 2016: £6,553).

The loan was satisfied in full during the period.

10.	RELATED PARTY DISCLOSURES

Drole Computing Services Limited

A subsidiary of Delarue Charterhouse Group Holdings Limited.

The inter company loan balance outstanding at 31 March 2018 was £87,607 (31 December 2016: £314,607)

and is included in creditors.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Delarue Charterhouse Group Holdings Limited for the period ended 31 March 2018 which

comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Delarue Charterhouse Group Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Delarue Charterhouse Group Holdings Limited and state those matters that we have agreed to state to the director of Delarue Charterhouse Group Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Delarue Charterhouse Group Holdings Limited and its director for our work or for this report.

It is your duty to ensure that Delarue Charterhouse Group 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 Delarue Charterhouse Group Holdings Limited. You consider that Delarue Charterhouse Group Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Delarue Charterhouse Group 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.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

18 September 2018