| London Holdings Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of London Holdings Limited for the year ended 31 August 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of London Holdings Limited for the year ended 31 August 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of London Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 1 October 2012. Our work has been undertaken solely to prepare for your approval the accounts of London Holdings Limited and state those matters that we have agreed to state to the Board of Directors of London Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Holdings Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that London Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of London Holdings Limited. You consider that London Holdings Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of London Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Newnham & Son Ltd |
| Chartered Accountants |
| 1, Viceroy Court |
| Bedford Road |
| Petersfield |
| Hampshire |
| GU31 3LJ |
|
| 16 March 2015 |
|
| London Holdings Limited |
| Registered number: |
01626040 |
| Abbreviated Balance Sheet |
| as at 31 August 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
900,150 |
|
|
904,200 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
664,091 |
| Debtors |
|
|
- |
|
|
4,242 |
| Cash at bank and in hand |
|
|
552,650 |
|
|
118,960 |
|
|
|
552,650 |
|
|
787,293 |
|
| Creditors: amounts falling due within one year |
|
|
(360,834) |
|
|
(383,032) |
|
| Net current assets |
|
|
|
191,816 |
|
|
404,261 |
|
| Total assets less current liabilities |
|
|
|
1,091,966 |
|
|
1,308,461 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(246,604) |
|
|
|
| Net assets |
|
|
|
1,091,966 |
|
|
1,061,857 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
1,091,866 |
|
|
1,061,757 |
|
| Shareholder's funds |
|
|
|
1,091,966 |
|
|
1,061,857 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| R.M.Davis |
| Director |
| Approved by the board on 16 March 2015 |
|
| London Holdings Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 August 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value of marketing consultancy sevices provided to customers, rent received and the one-off proceeds from sales of flats. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold property |
1% straight line |
|
Plant and machinery |
25% reducing balance |
|
|
|
Stocks |
|
Stock comprises the cost of the freehold property which has been renovated for sale and the |
|
cost of those renovations. |
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2013 |
909,730 |
|
At 31 August 2014 |
909,730 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2013 |
5,530 |
|
Charge for the year |
4,050 |
|
At 31 August 2014 |
9,580 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2014 |
900,150 |
|
At 31 August 2013 |
904,200 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
