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Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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Mawers Holding Limited |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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Mawers Holding Limited |
Mawers Holding Limited (Registered number: 07864901) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Mawers Holding Limited |
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Company Information |
for the Year Ended 31 March 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
140 Coniscliffe Road |
DARLINGTON |
County Durham |
DL3 7RT |
Mawers Holding Limited (Registered number: 07864901) |
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Balance Sheet |
31 March 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Cash in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CREDITORS |
Amounts falling due after more than one year | 5 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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. |
Mawers Holding Limited (Registered number: 07864901) |
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Balance Sheet - continued |
31 March 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Mawers Holding Limited (Registered number: 07864901) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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Mawers Holding Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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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. |
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There were no material departures from that standard. |
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The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. |
However, the validity of the going concern basis is dependent upon the continued support of its creditors. If the company is |
unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to |
provide for any further liabilities that might arise and to analyse both fixed assets and long term liabilities as current assets |
and liabilities. |
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These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 |
Section 1A small entities. The date of transition is 1 April 2015. |
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The principal accounting policies adopted in the preparation of the financial statements are set out below and have |
remained unchanged from the previous year, and also have been consistently applied within the same accounts. |
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Preparation of consolidated financial statements |
The financial statements contain information about Mawers Holding Limited as an individual company and do not contain |
consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the |
Companies Act 2006 not to prepare consolidated financial statements. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial |
Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly |
owned subsidiaries within the group. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the |
extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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 year end and that are expected to apply to the reversal of the timing difference. |
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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. |
Mawers Holding Limited (Registered number: 07864901) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Fixed asset investments |
Investments are stated at cost less provision for any permanent diminution in value. |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other loans | - | 5,706 |
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5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Other loans | - | 27,902 |
Other loans - 2-5 years | 80,502 | 46,894 |
Directors' current accounts |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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7. | RELATED PARTY DISCLOSURES |
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2017 | 2016 |
£ | £ |
Amounts due to directors | 60,000 | 60,000 |
No interest has been charged. |
Mawers Holding Limited (Registered number: 07864901) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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8. | FIRST YEAR ADOPTION |
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The company has adopted FRS 102 Section 1A Small Entities for the year ended 31 March 2017. There were no |
adjustments required on transition. |
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