Wee Gems Holdings Ltd SC451899 false true 2014-04-01 2015-03-31 2015-03-31 SC451899 2014-04-01 2015-03-31 SC451899 2015-03-31 SC451899 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2015-03-31 SC451899 uk-gaap:Subsidiary1 2015-03-31 SC451899 uk-gaap:Subsidiary2 2015-03-31 SC451899 uk-gaap:Subsidiary3 2015-03-31 SC451899 uk-gaap:Subsidiary4 2015-03-31 SC451899 uk-bus:Director1 2014-04-01 2015-03-31 SC451899 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2014-04-01 2015-03-31 SC451899 uk-gaap:Subsidiary1 2014-04-01 2015-03-31 SC451899 uk-gaap:Subsidiary1 uk-countries:Scotland 2014-04-01 2015-03-31 SC451899 uk-gaap:Subsidiary2 2014-04-01 2015-03-31 SC451899 uk-gaap:Subsidiary2 uk-countries:Scotland 2014-04-01 2015-03-31 SC451899 uk-gaap:Subsidiary3 2014-04-01 2015-03-31 SC451899 uk-gaap:Subsidiary3 uk-countries:Scotland 2014-04-01 2015-03-31 SC451899 uk-gaap:Subsidiary4 2014-04-01 2015-03-31 SC451899 uk-gaap:Subsidiary4 uk-countries:Scotland 2014-04-01 2015-03-31 SC451899 uk-gaap:OfficeEquipment 2014-04-01 2015-03-31 SC451899 2014-03-31 SC451899 2014-03-31 SC451899 uk-bus:OrdinaryShareClass1 uk-bus:Non-cumulativeShares 2014-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC451899

Wee Gems Holdings Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

 

Wee Gems Holdings Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 4

 

Wee Gems Holdings Ltd
(Registration number: SC451899)
Abbreviated Balance Sheet at 31 March 2015

   

Note

    

31 March 2015
£

    

31 March 2014
£

  

Fixed assets

  

             

Tangible fixed assets

  

   

611

   

517

 

Investments

  

   

330,190

   

330,190

 
   

   

330,801

   

330,707

 

Current assets

  

             

Debtors

  

   

3,067

   

-

  

Cash at bank and in hand

  

   

1,997

   

882

 
   

   

5,064

   

882

 

Creditors: Amounts falling due within one year

  

   

(68,825)

   

(142,906)

 

Net current liabilities

  

   

(63,761)

   

(142,024)

 

Total assets less current liabilities

  

   

267,040

   

188,683

 

Creditors: Amounts falling due after more than one year

  

   

(155,676)

   

(189,190)

 

Net assets/(liabilities)

  

   

111,364

   

(507)

 

Capital and reserves

  

             

Called up share capital

 

3

   

190

   

190

 

Profit and loss account

  

   

111,174

   

(697)

 

Shareholders' funds/(deficit)

  

   

111,364

   

(507)

 

For the year ending 31 March 2015 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 Act with respect to accounting records and the preparation of accounts.

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

Approved by the Board on 9 December 2015 and signed on its behalf by:

.........................................
Mr M Mortazavi
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

 

Wee Gems Holdings Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

33% Straight Line Method

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2

Fixed assets

   

Tangible assets
£

    

Investments
£

    

Total
£

  

Cost

                  

At 1 April 2014

  

665

    

330,190

    

330,855

  

Additions

  

474

    

-

    

474

  

At 31 March 2015

  

1,139

    

330,190

    

331,329

  

Depreciation

                  

At 1 April 2014

  

148

    

-

    

148

  

Charge for the year

  

380

    

-

    

380

  

At 31 March 2015

  

528

    

-

    

528

  

Net book value

                  

At 31 March 2015

  

611

   

330,190

   

330,801

 

At 31 March 2014

  

517

   

330,190

   

330,707

 

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Page 2

 

Wee Gems Holdings Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings

Croileagan Nurseries Ltd

Scotland

Ordinary

100%

Childrens nursery

Wee Gems Ltd

Scotland

Ordinary

95%

Childrens nursery

Wee Gems Armadale Ltd

Scotland

Ordinary

100%

Childrens nursery

Wee Gems Corstorphine Ltd

Scotland

Ordinary

100%

Childrens nursery

3

Share capital

Allotted, called up and fully paid shares

 

31 March 2015

31 March 2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £10.00 each

 

19

   

190

   

19

   

190

 
                         

Page 3

 

Wee Gems Holdings Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

4

Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Croileagan Nurseries Ltd ( Subsidiary ) During the year the above operated a loan account with the company. During the year the company received £8,500 (2014, £16,500) of management charges and £7,438 (2014, £4,220) for supply of staff recharged to Croileagan Nurseries Ltd. There are no repayment terms and no interest is due on the balance At the balance sheet date the amount due to Croileagan Nurseries Ltd was £6,850 ( 2014 - £93,950 )

Wee Gems Limited ( Subsidiary ) During the year the above operated a loan account with the company. During the year the company received £2,450 (2014, £0) of management charges and £25,726 (2014, £4,140) for supply of staff recharged to Wee Gems Limited. There are no repayment terms and no interest is due on the balance At the balance sheet date the amount due to Wee Gems Limited was £nil ( 2014 - £nil )

Wee Gems Livingston Ltd ( M Mortazavi and J B Murdoch are directors in both companies ) During the year the above operated a loan account with the company. During the year the company received £12,750 (2014, £4,000) of management charges and £8,828 (2014, £3,642) for staff costs recharged to Wee Gems Livingston Ltd. There are no repayment terms and no interest is due on the balance At the balance sheet date the amount due to Wee Gems Livingston Ltd was £25,000 ( 2014 - £nil )

Wee Gems Corstorphine Ltd ( Subsidiary ) During the year the above operated a loan account with the company. During the year the company received £5,750 (2014, £0) of management charges and £4,227 (2014, £0) for staff costs recharges to Wee Gems Corstorphine Ltd. There are no repayment terms and no interest is due on the balance At the balance sheet date the amount due from/(to) Wee Gems Corstorphine Ltd was £300 ( 2014 - £nil )

Wee Gems Armadale Ltd ( Subsidiary ) During the year the above operated a loan account with the company. There are no repayment terms and no interest is due on the balance At the balance sheet date the amount due to Wee Gems Armadale Ltd was £3,065 ( 2014 - £nil )

5

Control

The company is controlled by Mr M Mortazavi.

Page 4