ACCOUNTS - Final Accounts preparation

LODGEPOLE PINE LIMITED - Company Information

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Registered number: 11075888

LODGEPOLE PINE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2018


LODGEPOLE PINE LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 3


LODGEPOLE PINE LIMITED REGISTERED NUMBER:11075888

STATEMENT OF FINANCIAL POSITION

AS AT 30 NOVEMBER 2018

		2018
Note		£

Fixed assets
Investments	4		5,418,030
Current assets
Cash at bank and in hand		17,001
Current liabilities
Creditors: amounts falling due within one year	5	(5,430,600)
Net current liabilities			(5,413,599)
Net assets			4,431

Capital and reserves
Called up share capital	6	1,000
Profit and loss account	7	3,431
		4,431

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 July 2019.

D Green

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1


LODGEPOLE PINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2018

1.	General information

Lodgepole Pine Limited is a limited liability company registered in England and Wales with its registered office address at Greystone House, Llanmaes, Llantwit Major, Vale of Glamorgan, CF61 2XR.
The company was incorporated on 22 November 2017 and commenced activity as an investment company on 22 January 2018.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Creditors

Short term creditors are measured at the transaction price.

2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans from related parties.

Employees

The average monthly number of employees, including directors, during the period was 2.

Page 2


LODGEPOLE PINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2018

4.	Fixed asset investments

		Listed investments
		£
	Cost or valuation
	Additions	5,499,771
	Fair value movements	(81,741)
	At 30 November 2018	5,418,030
	Net book value
	At 30 November 2018	5,418,030

5.	Creditors: Amounts falling due within one year
		2018
		£

	Directors' loan account	5,425,200
	Accruals	5,400
		5,430,600

6.	Share capital
		2018
		£

		Allotted, called up and fully paid

		10,000 Ordinary A shares of £0.01 each	100
		10,000 Ordinary B shares of £0.01 each	100
		40,000 Ordinary C shares of £0.01 each	400
		40,000 Ordinary D shares of £0.01 each	400

			1,000

On incorporation 100,000 Ordinary shares of £0.01 were alloted and fully paid at par to provide initial capital.

Reserves

The profit and loss account reserves are fully distributable.

Page 3