A & B High Holdings Limited 01104546 false 2016-01-01 2016-12-31 2016-12-31 The principal activity of the company is that of a holding company whose subsidiaries are engaged in printing and production of promotional products. Digita Accounts Production Advanced 6.20.8420.1 Software true false false false false false false 01104546 2016-01-01 2016-12-31 01104546 2016-12-31 01104546 core:RetainedEarningsAccumulatedLosses 2016-12-31 01104546 core:RevaluationReserve 2016-12-31 01104546 core:ShareCapital 2016-12-31 01104546 core:SharePremium 2016-12-31 01104546 core:CurrentFinancialInstruments 2016-12-31 01104546 core:CurrentFinancialInstruments core:WithinOneYear 2016-12-31 01104546 core:Non-currentFinancialInstruments 2016-12-31 01104546 core:Non-currentFinancialInstruments core:AfterOneYear 2016-12-31 01104546 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2016-12-31 01104546 core:FurnitureFittingsToolsEquipment 2016-12-31 01104546 core:LandBuildings 2016-12-31 01104546 core:MotorVehicles 2016-12-31 01104546 core:OtherPropertyPlantEquipment 2016-12-31 01104546 bus:SmallEntities 2016-01-01 2016-12-31 01104546 bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 01104546 bus:FullAccounts 2016-01-01 2016-12-31 01104546 bus:RegisteredOffice 2016-01-01 2016-12-31 01104546 bus:CompanySecretaryDirector1 2016-01-01 2016-12-31 01104546 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 01104546 core:ComputerSoftware 2016-01-01 2016-12-31 01104546 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2016-01-01 2016-12-31 01104546 core:FurnitureFittings 2016-01-01 2016-12-31 01104546 core:FurnitureFittingsToolsEquipment 2016-01-01 2016-12-31 01104546 core:LandBuildings 2016-01-01 2016-12-31 01104546 core:MotorVehicles 2016-01-01 2016-12-31 01104546 core:OtherPropertyPlantEquipment 2016-01-01 2016-12-31 01104546 core:PlantMachinery 2016-01-01 2016-12-31 01104546 core:AllSubsidiaries 2016-01-01 2016-12-31 01104546 core:Subsidiary1 2016-01-01 2016-12-31 01104546 core:Subsidiary1 countries:AllCountries 2016-01-01 2016-12-31 01104546 core:Subsidiary2 2016-01-01 2016-12-31 01104546 core:Subsidiary2 countries:AllCountries 2016-01-01 2016-12-31 01104546 core:Subsidiary3 2016-01-01 2016-12-31 01104546 core:Subsidiary3 countries:AllCountries 2016-01-01 2016-12-31 01104546 core:Subsidiary4 2016-01-01 2016-12-31 01104546 core:Subsidiary4 countries:AllCountries 2016-01-01 2016-12-31 01104546 1 2016-01-01 2016-12-31 01104546 countries:AllCountries 2016-01-01 2016-12-31 01104546 2015-12-31 01104546 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2015-12-31 01104546 core:FurnitureFittingsToolsEquipment 2015-12-31 01104546 core:LandBuildings 2015-12-31 01104546 core:MotorVehicles 2015-12-31 01104546 core:OtherPropertyPlantEquipment 2015-12-31 01104546 2015-12-31 01104546 core:RetainedEarningsAccumulatedLosses 2015-12-31 01104546 core:RevaluationReserve 2015-12-31 01104546 core:ShareCapital 2015-12-31 01104546 core:SharePremium 2015-12-31 01104546 core:CurrentFinancialInstruments 2015-12-31 01104546 core:CurrentFinancialInstruments core:WithinOneYear 2015-12-31 01104546 core:Non-currentFinancialInstruments 2015-12-31 01104546 core:Non-currentFinancialInstruments core:AfterOneYear 2015-12-31 01104546 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2015-12-31 01104546 core:CostValuation 2015-12-31 01104546 core:ProvisionsForImpairmentInvestments 2015-12-31 01104546 core:FurnitureFittingsToolsEquipment 2015-12-31 01104546 core:LandBuildings 2015-12-31 01104546 core:MotorVehicles 2015-12-31 01104546 core:OtherPropertyPlantEquipment 2015-12-31 01104546 core:Subsidiary1 2015-01-01 2015-12-31 01104546 core:Subsidiary2 2015-01-01 2015-12-31 01104546 core:Subsidiary3 2015-01-01 2015-12-31 01104546 core:Subsidiary4 2015-01-01 2015-12-31 iso4217:GBP xbrli:pure

A & B High Holdings Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 December 2016

Registration number: 01104546

A & B High Holdings Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 11

A & B High Holdings Limited

Balance Sheet

31 December 2016

	Note	2016 £	2015 £
Fixed assets
Intangible assets	3	4,997	11,334
Tangible assets	4	602,894	655,085
Investment property	5	2,525,000	2,525,000
Investments	6	548,429	548,429
		3,681,320	3,739,848
Current assets
Stocks	7	85,722	180,000
Debtors	8	13,850	161,008
Cash at bank and in hand		58,907	199,988
		158,479	540,996
Creditors: Amounts falling due within one year	9	(197,108)	(201,709)
Net current (liabilities)/assets		(38,629)	339,287
Total assets less current liabilities		3,642,691	4,079,135
Creditors: Amounts falling due after more than one year	9	(75,723)	(131,169)
Provisions for liabilities		(216,806)	(230,449)
Net assets		3,350,162	3,717,517
Capital and reserves
Called up share capital		13,600	13,600
Share premium reserve		991,500	991,500
Revaluation reserve		1,062,581	1,056,110
Profit and loss account		1,282,481	1,656,307
Total equity		3,350,162	3,717,517

The notes on pages 3 to 11 form an integral part of these financial statements.

Page 1

A & B High Holdings Limited

Balance Sheet

31 December 2016

For the financial year ending 31 December 2016 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 September 2017 and signed on its behalf by:

......................................... Mr A A High Company secretary and director

Company Registration Number: 01104546

The notes on pages 3 to 11 form an integral part of these financial statements.

Page 2

A & B High Holdings Limited

Notes to the Financial Statements

Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
Marquis House
Gulsworthy
Tavistock
Devon
PL19 8JE
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006. There are no material departures from FRS102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	3% straight line
Furniture, fittings and equipment	Variable rates reducing balance
Other property, plant and equipment	15% reducing balance
Motor vehicles	15% reducing balance

Page 3

A & B High Holdings Limited

Notes to the Financial Statements

Year Ended 31 December 2016

Investment property

Investment property is carried at fair value. The directors assess fair value, having regard for current market prices for comparable real estate and using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

No depreciation is provided in respect of investment properties applying the fair value model.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Computer software	25% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Page 4

A & B High Holdings Limited

Notes to the Financial Statements

Year Ended 31 December 2016

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Page 5

A & B High Holdings Limited

Notes to the Financial Statements

Year Ended 31 December 2016

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Intangible assets

	Computer Software  £
Cost or valuation
At 1 January 2016	26,604
At 31 December 2016	26,604
Amortisation
At 1 January 2016	15,270
Amortisation charge	6,337
At 31 December 2016	21,607
Carrying amount
At 31 December 2016	4,997
At 31 December 2015	11,334