Llywernog Mine (Resources) Ltd Filleted accounts for Companies House (small and micro)
Llywernog Mine (Resources) Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
01110874
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Director's Report |
Year ended 31 October 2019
The director presents his report and the unaudited financial statements of the company for the year ended
31 October 2019
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The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
29 October 2020
and signed on behalf of the board by:
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Director |
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Registered office: |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 October 2019
Ty Madog
32 Queens Road
Aberystwyth
Ceredigion
SY23 2HN
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Creditors: amounts falling due within one year |
5 |
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-------- |
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Net current liabilities |
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--------- |
--------- |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
(
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(
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--------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
29 October 2020
, and are signed on behalf of the board by:
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Director |
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Company registration number:
01110874
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Notes to the Financial Statements |
Year ended 31 October 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 32 Queens Road, Aberystwyth, Ceredigion, SY23 2HN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Tangible assets
Land and buildings |
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£ |
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Cost |
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At 1 November 2018 and 31 October 2019 |
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Depreciation |
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At 1 November 2018 |
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Charge for the year |
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At 31 October 2019 |
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Carrying amount |
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At 31 October 2019 |
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At 31 October 2018 |
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5.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Other creditors |
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6.
Related party transactions
The company was under the control of Mr S P Lloyd Harvey throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under the FRS 102.