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Registered number: 07060893

LEARIG LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2019

LEARIG LIMITED

REGISTERED NUMBER: 07060893

BALANCE SHEET

AS AT 31 DECEMBER 2019

	2019	2019	2018	2018
Note	£	£	£	£

FIXED ASSETS
Investments	4		2		2
CURRENT ASSETS
Stocks	5	10,550		51,959
Debtors: amounts falling due within one year	6	1,752		3,068
Cash at bank and in hand		26,515		92,016
		38,817		147,043
Creditors: amounts falling due within one year	7	(8,263)		(27,313)
NET CURRENT ASSETS			30,554		119,730

NET ASSETS			30,556		119,732

CAPITAL AND RESERVES
Called up share capital	8	100	100
Profit and loss account		30,456	119,632
		30,556	119,732

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 year in question in accordance with section 476 of the 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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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LEARIG LIMITED

REGISTERED NUMBER: 07060893

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2019

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

I K Baggaley

Director

Date: 23 April 2020

The notes on pages 3 to 5 form part of these financial statements.

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LEARIG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

1.	GENERAL INFORMATION

Learig Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station road, Cambridge, CB1 2LA. The principal place of business is 1 Ravensdale, Manor Farm, Landbeach, Cambridge, CB25 9GD.
The Company's functional and presentational currency is GBP.

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 Company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

2.2

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

STOCKS

Stocks are valued at the lower of cost and net realisable value.
Work in progress at the balance sheet date comprises costs capitalised and carried forward under ongoing development projects.

2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

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.

2.6

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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LEARIG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

2.ACCOUNTING POLICIES (CONTINUED)

2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.8

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2018 - 3).

4.	FIXED ASSET INVESTMENTS

		Investments in subsidiary companies
		£
	COST OR VALUATION
	At 1 January 2019	2
	At 31 December 2019	2

5.	STOCKS
		2019	2018
		£	£

	Work in progress	10,550	51,959

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LEARIG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

DEBTORS

					2019	2018
					£	£


Trade debtors	1,494	-
Other debtors	13	2,856
Prepayments and accrued income	245	212
	1,752	3,068

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2019	2018
		£	£

Trade creditors	48	10,522
Other taxation and social security	6,115	6,633
Other creditors	-	7,925
Accruals and deferred income	2,100	2,233
	8,263	27,313

8.	SHARE CAPITAL
		2019	2018
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

100 (2018 - 100) Ordinary shares of £1 each	100	100

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