Registered Number 01041265

SIEBERT HEAD LIMITED

Abbreviated Accounts

31 March 2016

SIEBERT HEAD LIMITED Registered Number 01041265

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 7,220 5,486
7,220 5,486
Current assets
Debtors 103,250 98,412
Cash at bank and in hand 61,146 143,986
164,396 242,398
Creditors: amounts falling due within one year 3 (457,388) (447,900)
Net current assets (liabilities) (292,992) (205,502)
Total assets less current liabilities (285,772) (200,016)
Provisions for liabilities (3,150) (3,150)
Total net assets (liabilities) (288,922) (203,166)
Capital and reserves
Called up share capital 4 100 100
Other reserves (10,059) (8,222)
Profit and loss account (278,963) (195,044)
Shareholders' funds (288,922) (203,166)
  • For the year ending 31 March 2016 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 30 December 2016

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 2016

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 £103,556 (year to 31 March 2015 : £130,690) 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 2016. An amount of £377,186 (2015: £372,002 was outstanding at the balance sheet date and is included in creditors.

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 2015 101,738
Additions 5,498
Disposals (476)
Revaluations 45
Transfers -
At 31 March 2016 106,805
Depreciation
At 1 April 2015 96,252
Charge for the year 3,809
On disposals (476)
At 31 March 2016 99,585
Net book values
At 31 March 2016 7,220
At 31 March 2015 5,486
3Creditors
2016
£		 2015
£
Non-instalment debts due after 5 years 377,186 372,002
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100