Company Registration No. 04442280 (England and Wales)
COPSE MILL HOLDINGS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
COPSE MILL HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
COPSE MILL HOLDINGS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COPSE MILL HOLDINGS LIMITED FOR THE YEAR ENDED 31 OCTOBER 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Copse Mill Holdings Limited for the year ended 31 October 2016 which comprise the Profit and Loss Account, the 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, 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 Copse Mill Holdings Limited, as a body, in accordance with the terms of our engagement letter
.
Our work has been undertaken solely to prepare for your approval the financial statements of Copse Mill Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Copse Mill 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 Copse Mill Holdings Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Copse Mill 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 Copse Mill Holdings Limited. You consider that Copse Mill 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 Copse Mill 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.
MHA Carpenter Box
15 June 2017
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
COPSE MILL HOLDINGS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
4
4
Current assets
Debtors
416,541
416,541
Creditors: amounts falling due within one year
(2)
(2)
Net current assets
416,539
416,539
Total assets less current liabilities
416,543
416,543
Capital and reserves
Called up share capital
3
912
912
Other reserves
90
90
Profit and loss account
415,541
415,541
Shareholders' funds
416,543
416,543
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 June 2017
Mr J Wright
Mr J McNulty
Director
Director
Company Registration No. 04442280
COPSE MILL HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.3
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006
not to prepare group accounts.
2
Fixed assets
Investments
£
Cost
At 1 November 2015 & at 31 October 2016
4
At 31 October 2015
4
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Copse Mill Properties Limited
England & Wales
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Copse Mill Properties Limited
Property Investment
5,328,039
139,590
COPSE MILL HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
202 Ordinary shares of £1 each
202
202
71,000 Preference shares of 1p each
710
710
912
912
The preference shares are entitled to the first £994,000 (£14 per share) in the event of a winding up of the company.