Lockwood Corporate Development Limited - Period Ending 2014-05-31

Registration number: 05442746

Lockwood Corporate Development Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2014
 

M J Vousden FCCA t/a AIMS
Synegis House
Crockhamwell Road
Woodley
Reading
Berkshire
RG5 3LE

Lockwood Corporate Development Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Lockwood Corporate Development Limited
(Registration number: 05442746)
Abbreviated Balance Sheet at 31 May 2014

		Note			2014 £			2013 £
Fixed assets
Investments					161,941			163,800
Current assets
Cash at bank and in hand					4,217			13,142
Creditors: Amounts falling due within one year					(118,710)			(128,217)
Net current liabilities					(114,493)			(115,075)
Net assets					47,448			48,725
Capital and reserves
Called up share capital		3			2			2
Revaluation reserve					21,840			23,699
Profit and loss account					25,606			25,024
Shareholders' funds					47,448			48,725

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 February 2015 and signed on its behalf by:

.........................................
I Lockwood
Director

.........................................
A Lockwood
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Lockwood Corporate Development Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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 of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

The listed investments were valued on an open market basis on 31 May 2014 by the director, I Lockwood.

2	Fixed assets

		Investments £			Total £
Cost
At 1 June 2013		167,646			167,646
At 31 May 2014		167,646			167,646
Depreciation
At 1 June 2013		3,846			3,846
Charge for the year		1,859			1,859
At 31 May 2014		5,705			5,705
Net book value
At 31 May 2014		161,941			161,941
At 31 May 2013		163,800			163,800

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 2