ACCOUNTS - Final Accounts preparation

LOUDOUN HOLDINGS LIMITED - Company Information

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Registered number: 12037183

LOUDOUN HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2020

LOUDOUN HOLDINGS LIMITED

REGISTERED NUMBER: 12037183

BALANCE SHEET

AS AT 31 MARCH 2020

	2020
Note	£

Fixed assets
Investments		2,448,698
		2,448,698

Total assets less current liabilities		2,448,698

Net assets		2,448,698

Capital and reserves
Called up share capital		100
Share premium account		2,448,598
		2,448,698

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LOUDOUN HOLDINGS LIMITED

REGISTERED NUMBER: 12037183

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2020

The director considers 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 the Companies Act 2006.

The director acknowledges his 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 profit and loss account 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 21 December 2020.

J A Rose

Director

The notes on pages 3 to 4 form part of these financial statements.

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LOUDOUN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

1.	General information

Loudoun Holdings Limited is a private company limited by shares, incorporated in England and Wales (registered number 12037183). The Company was incorporated on 6 June 2019. The registered office is 64 New Cavendish Street, London, W1G 8TB. The Company's presentational currency is GBP, and this is the Company's functional currency.

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

Going concern

In assessing the ability of the Company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the Company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the Company.
Accordingly the directors have continued to prepare the financial statements on the going concern
basis.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Employees

The average monthly number of employees, including directors, during the period was 1.

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LOUDOUN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	Additions	2,448,698
	At 31 March 2020	2,448,698

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