Registered Number 09051766


Abbreviated Accounts

30 June 2015

SHERATON SYSTEMS (HOLDING) LTD Registered Number 09051766

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015
Called up share capital not paid -
Fixed assets
Intangible assets -
Tangible assets -
Investments 2 2,894,454
Current assets
Stocks -
Debtors -
Investments -
Cash at bank and in hand 1
Prepayments and accrued income -
Creditors: amounts falling due within one year 0
Net current assets (liabilities) 1
Total assets less current liabilities 2,894,455
Creditors: amounts falling due after more than one year 0
Provisions for liabilities 0
Accruals and deferred income 0
Total net assets (liabilities) 2,894,455
Capital and reserves
Called up share capital 3 2
Share premium account 2,894,453
Revaluation reserve 0
Other reserves 0
Profit and loss account 0
Shareholders' funds 2,894,455
  • For the year ending 30 June 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 3 March 2016

And signed on their behalf by:

SHERATON SYSTEMS (HOLDING) LTD Registered Number 09051766

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of Accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Cash Flow Statement

The Company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.


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

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the Company’s taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Group accounts

The Company and its subsidiary undertaking comprise a small-sized group. The Company has therefore taken advantage of the exemptions provided by section 248 of the Companies Act 1985 not to prepare group accounts. These financial statements present information about the Company as an individual undertaking only.


On 31 August 2014, as part of a solvent reorganisation in accordance with s.110 of the Insolvency Act 1986, the Company was party to an agreement whereby it acquired assets from John Holman Holdings Limited, in return for an issue of shares. Mr A M Holman was previously the sole director and shareholder of John Holman Holdings Limited. The Company acquired 100% of the issued share capital of Sheraton Systems Limited, which was previously owned by John Holman Holdings Limited. In accordance with FRS6 'Acquisitions and Mergers', this transaction has been accounted for by using acquisition accounting, with merger relief applying to the share for share exchange.

2Fixed assets Investments
Fixed Assets Investments
Unlisted investments
Acquired on 31 August 2014 £2,894,454

In the opinion of the directors the aggregate value of the Company's investment in subsidiary undertaking is not less than the amount included in the balance sheet.
Holdings of more than 20%
The Company holds more than 20% of the share capital of the following companies:

Sheraton Systems Limited
Company Registration No. 02348058
Shares held Ordinary 100%
The aggregate amount of capital and reserves and the results of this undertaking for the last relevant financial year was as follows:

Capital and reseves £1,170,837
Profit for the year £290,842

3Called Up Share Capital
Allotted, called up and fully paid:
2 Ordinary shares of £1 each 2

Upon incorporation 1 ordinary share of £1 nominal value was allotted and fully paid at par.

On 31 August 2014, the Company’s authorized and issued share capital was increased by a further 1 ordinary share of £1 each.