Abbreviated Company Accounts - SIEBERT HEAD LIMITED

SIEBERT HEAD LIMITED Registered Number 01041265

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,486	5,160
		5,486	5,160
Current assets
Debtors	3	98,412	190,157
Cash at bank and in hand		143,986	44,749
		242,398	234,906
Creditors: amounts falling due within one year	4	(447,900)	(424,011)
Net current assets (liabilities)		(205,502)	(189,105)
Total assets less current liabilities		(200,016)	(183,945)
Provisions for liabilities		(3,150)	(3,500)
Total net assets (liabilities)		(203,166)	(187,445)
Capital and reserves
Called up share capital	5	100	100
Other reserves		(8,222)	(5,909)
Profit and loss account		(195,044)	(181,636)
Shareholders' funds		(203,166)	(187,445)

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 29 December 2015

And signed on their behalf by:
John Parsons, Director

SIEBERT HEAD LIMITED Registered Number 01041265

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or
valuation, less estimated residual value, of each asset evenly over its expected useful life, as
follows:
Leasehold improvements - over the lease term
Office furniture, fixtures and equipment - 10% to 30% per annum
Motor vehicles - 25% per annum
The carrying value of tangible fixed assets are reviewed for impairment in periods if events or
circumstances indicate the carrying value may not be recoverable.

Intangible assets amortisation policy
Intangible assets amortisation policy
Fixed asset investments are shown at cost less any provision for impairment.

Other accounting policies
Foreign currencies:
Transactions in foreign currencies during the year are recorded at the rate ruling at the date of
the transaction. Monetary assets and liabilities denominated in foreign currencies are
retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to
the profit and loss account.
The functional currency of the Polish branch is Polish zloty’s. On consolidation the balance
sheet of the branch is translated at the rate ruling at the balance sheet date. The profit and loss
accounts has been translated at the average rate. Differences on translation are shown in the
Statement of Total Recognised Gains and Losses and taken to other reserves.

Related party transactions:
The company was charged £130,690 (year to 31 March 2014 : £56,666) by its parent company, Enfranchise 93 Limited for the services of certain of the directors of Enfranchise 93 Limited during the year ended 31 March 2015. An amount of £372,002 (2014: £357,039 was outstanding at the balance sheet date and is included in creditors. During the year the company
was charged £Nil (2013: £Nil) by its directors, for other consultancy services in addition to
those charged for services as non executive director to the company.

The company’s ultimate parent undertaking is Enfranchise Ninety Three Limited, a company
incorporated in England and Wales.

2Tangible fixed assets

	£
Cost
At 1 April 2014	106,000
Additions	6,746
Disposals	(5,580)
Revaluations	(5,428)
Transfers	-
At 31 March 2015	101,738
Depreciation
At 1 April 2014	100,840
Charge for the year	6,106
On disposals	(10,694)
At 31 March 2015	96,252
Net book values
At 31 March 2015	5,486
At 31 March 2014	5,160

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	0	0

No debtors are due after more than one year

4Creditors

	2015 £	2014 £
Non-instalment debts due after 5 years	372,002	357,041

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares shares of £1 each	100	100