Registered Number 00840234
F. R. BALL (INSURANCE) LIMITED
Abbreviated Accounts
31 December 2015
Notes | 2015 | 2014 | |
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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 |
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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 |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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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 buildingsLeasehold 5% per annum on reducing balance basis
Fixtures, fittings & equipment 15% per annum on reducing balance basis or 20% straight line
Motor vehicles 25%per annum reducing balance basis
Valuation information and policy
Fixed asset investments are stated at cost less provision for diminution in value.
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 underatking 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 principal for premiums due to underwriters nor 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 ny insurance intermediaries, it has followed generally accepted accounting practice by showing cash, debtors and creditors relating to insurance business as assets and liabilities of the company itself.
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Cost | |
At 1 January 2015 |
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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 2015 |
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Depreciation | |
At 1 January 2015 |
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Charge for the year |
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On disposals |
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At 31 December 2015 |
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Net book values | |
At 31 December 2015 | 46,224 |
At 31 December 2014 | 57,320 |
3Fixed assets Investments
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company - Gateway Capital Ltd
Country of registratin or incorporation - England and Wales
Class - Ordinary
% - 100
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:-
Company - Gateway Capital Ltd
Principal activity - Finance providers
Capital and reserves 2105 - £4,675
Profit/(Loss) for the year 2015 - £66,515
The unlisted investment represents two Welsh Rugby Union Debentures which were acquired for £2,640.