Company Registration No. 5739132 (England and Wales)
HATT KITCHENS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
HATT KITCHENS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HATT KITCHENS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
2015
2014
Notes
£
£
£
£
Fixed assets
Investments
2
411,488
411,488
Current assets
Debtors
2,778
2,878
2,778
2,878
Creditors: amounts falling due within one year
(1,466)
(888)
Net current assets
1,312
1,990
Total assets less current liabilities
412,800
413,478
Creditors: amounts falling due after more than one year
(103,350)
(103,350)
309,450
310,128
Capital and reserves
Called up share capital
3
402,487
402,487
Profit and loss account
(93,037)
(92,359)
Shareholders' funds
309,450
310,128
For the financial year ended 30 April 2015 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 January 2016
Mrs S McConville
Director
Company Registration No. 5739132
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HATT KITCHENS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
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 April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
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 399 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Intangible assets
Investments
Total
£
£
£
Cost
At 1 May 2014 & at 30 April 2015
55,000
411,488
466,488
Depreciation
At 1 May 2014 & at 30 April 2015
55,000
-
55,000
Net book value
At 30 April 2015
-
411,488
411,488
At 30 April 2014
-
411,488
411,488
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
Pembar Limited
England
Ordinary
100.00
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HATT KITCHENS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
2
Fixed assets
(Continued)
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
2015
2015
Principal activity
£
£
Pembar Limited
Manufacture of kitchen furniture
669,067
293,979
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
488 'A' Ordinary shares of £1 each
488
488
999 'B' Ordinary shares of £1 each
999
999
401,000 'C' Ordinary non voting shares of £1 each
401,000
401,000
402,487
402,487
The 'A' shares have full voting rights; they do not confer any rights of redemption. Dividends are payable at the discretion of the directors. The shares rank behind 'C' redeemable shares on capital distribution (including on winding up).
The 'B' shares have no voting rights. They do not confer any rights of redemption. Dividends are payable at the discretion of the directors. On sale or dissolution, the shares rank behind the 'C' redeemable shares.
The 'C' shares have no voting rights and are owned by Belward Limited, a related party. The shares are redeemable after a minimum period of 2 years from the date of issue. Shareholders have no rights to demand redemption. Dividends are at the discretion of the directors. The shares carry prior rights to capital distributions in the event of dissolution or sale.
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