Loudon Legal Services Limited
Loudon Legal Services Limited
Registered number: 09209986
Unaudited Financial Statements
For The Year Ended 30 September 2018
Chaddesley Sanford
3rd Floor
3 Fitzhardinge Street
London
W1H 6EF
Loudon Legal Services Limited
Unaudited Financial Statements
For The Year Ended 30 September 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Loudon Legal Services Limited
Balance Sheet
As at
30 September 2018
Balance Sheet
Registered number:
09209986
For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (1,500) | 331 | |||
Page 1
Loudon Legal Services Limited
Balance Sheet (continued)
As at
30 September 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Loudon Legal Services Limited
Notes to the Financial Statements
For The Year Ended 30 September 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
As at the balance sheet date the company has net liabilities.These financial statements have been prepared on the going concern basis, on the understanding that the principle creditors have agreed that they will continue to support the company for the foreseeable future.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2017: 1)
4.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| VAT |
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Page 3
Loudon Legal Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2018
5.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| VAT | - |
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| Director's loan account |
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6.
Share Capital
| 2018 | 2017 | ||
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| Allotted, Called up and fully paid |
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7.
Ultimate Controlling Party
The company's ultimate controlling party is Mrs R Loudon.
8.
General Information
Loudon Legal Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09209986 . The registered office is 1 Bower Road, Hale, Altrincham, Cheshire, WA15 9DT.
Page 4