Alexander Lamont Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10799674 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Alexander Lamont Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs R Gupta

REGISTERED OFFICE:

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

REGISTERED NUMBER:

10799674 (England and Wales)

ACCOUNTANTS:

Lawrence Grant

Chartered Accountants

& Reporting Accountants

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

FIXED ASSETS

Intangible assets

4

2,058,157

-

CURRENT ASSETS

Stocks

699,381

-

Debtors

5

501,710

-

Cash at bank and in hand

237,360

1

1,438,451

1

CREDITORS

Amounts falling due within one year

6

1,325,150

-

NET CURRENT ASSETS

113,301

1

TOTAL ASSETS LESS CURRENT LIABILITIES

2,171,458

1

CREDITORS

Amounts falling due after more than one year

7

2,099,554

-

NET ASSETS

71,904

1

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

71,903

-

71,904

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8 May 2019 and were signed by:

Mrs R Gupta - Director

1.	STATUTORY INFORMATION

Alexander Lamont Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes from sale of goods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange ruling

at the Statement of Financial Position date. Transactions in foreign currencies are translated into US Dollars at

the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

$

COST

Additions

2,058,157

At 31 December 2018

2,058,157

NET BOOK VALUE

At 31 December 2018

2,058,157

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

$

$

Trade debtors

31,430

-

Other debtors

470,280

-

501,710

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

$

$

Trade creditors

526,192

-

Taxation and social security

17,016

-

Other creditors

781,942

-

1,325,150

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

$

$

Other creditors

2,099,554

-

8.	ULTIMATE CONTROLLING PARTY

Oraanj Limited, a company incorporated in England and Wales, is the immediate parent undertaking by virtue of

its ownership of 100% of the issued share capital in Alexander Lamont Limited.