Registered Number 00840234
F. R. BALL (INSURANCE) LIMITED
Abbreviated Accounts
31 December 2013
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Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Cash at bank and 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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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 4 |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
Turnover policy
Tangible assets depreciation policy
Land and buildings Leasehold 5% per annum on reducing balance basis
Fixtures, fittings & equipment 15% per annum on reducing balance basis or 20% straight
line basis
Motor vehicles 25% per annum reducing balance basis
Other accounting policies
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
Insurance Broking Assets and Liabilities
The company acts as an agent in broking the insurable risks of its clients and generally is not liable as a principle for premiums due to underwriters not for claims payable to clients. Notwithstanding the company's legal relationship with clients and underwriters, and since in practice premium and claim monies are usually accounted for by insurance intermediaries, it has followed generally accepted accounting practice by showing cash, debtors and creditors relating to insurance business as assets and liabilitites of the company itself.
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Cost | |
At 1 January 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2013 |
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Depreciation | |
At 1 January 2013 |
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Charge for the year |
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On disposals |
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At 31 December 2013 |
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Net book values | |
At 31 December 2013 | 26,537 |
At 31 December 2012 | 32,491 |
3Fixed assets Investments
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company Country of registration of incorporation Class Shares held
Subsidiary undertakings
Gateway Capital Ltd England and Wales Ordinary 100%
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and Reserves Profit/(Loss) for the year
Principal Activity 2013 2013
Gateway Capital Ltd Finance providers £2,822 £50,317
The unlisted investment represents two Welsh Rugby Union Debentures which were acquired for £2,640.
2013
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2012
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Secured Debts |
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