Larraby Land Limited - Period Ending 2015-03-31

Registration number: 02375587

Larraby Land Limited

Annual Report and Unaudited Accounts

for the Year Ended 31 March 2015
 

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Larraby Land Limited
(Registration number: 02375587)
Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			190			190
Current assets
Cash at bank and in hand					60			841
Creditors: Amounts falling due within one year		3			(251,485)			(252,253)
Net current liabilities					(251,425)			(251,412)
Net liabilities					(251,235)			(251,222)
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					(251,335)			(251,322)
Shareholders' deficit					(251,235)			(251,222)

For the year ending 31 March 2015 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

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.

Approved and authorised for issue by the Board on 21 May 2015 and signed on its behalf by:

.........................................
J D Tibbles
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Larraby Land Limited
Notes to the financial statements for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Depreciation

Depreciation is provided at rates calculated to write of the costs less residule value of each asset over its expected useful life, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures, fittings and equipment	15% reducing balance

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.

2	Tangible fixed assets

		Plant and machinery £			Fixtures and fittings £			Total £
Cost or valuation
At 1 April 2014		10,873			4,868			15,741
Depreciation
At 1 April 2014		10,833			4,718			15,551
Net book value
At 31 March 2015		40			150			190
At 31 March 2014		40			150			190

Page 3

Larraby Land Limited
Notes to the financial statements for the Year Ended 31 March 2015
......... continued

3	Creditors: Amounts falling due within one year

		2015 £			2014 £
Trade creditors		104,638			104,638
Amounts owed to group undertakings and undertakings in which the company has a participating interest		46,291			47,059
Other taxes and social security		5,950			5,950
Other creditors		94,606			94,606
		251,485			252,253

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4