Lansdowne Woodward Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04583177 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020

FOR

LANSDOWNE WOODWARD LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Ehrhart

Mr P D Woodward

Mr S Martinez

REGISTERED OFFICE:

Princes Court

Princes Road

Ferndown

Dorset

BH22 9JG

REGISTERED NUMBER:

04583177 (England and Wales)

ACCOUNTANTS:

Newton Magnus

Chartered Certified Accountants

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

FIXED ASSETS

Intangible assets

4

42,000

56,000

Tangible assets

5

8,934

11,123

Investments

6

2,045

3,271

52,979

70,394

CURRENT ASSETS

Debtors

162,294

183,875

Cash at bank and in hand

190,422

74,217

352,716

258,092

CREDITORS

Amounts falling due within one year

(138,556

)

(128,617

)

NET CURRENT ASSETS

214,160

129,475

TOTAL ASSETS LESS CURRENT LIABILITIES

267,139

199,869

PROVISIONS FOR LIABILITIES

(1,526

)

(1,904

)

NET ASSETS

265,613

197,965

CAPITAL AND RESERVES

Called up share capital

104

104

Fair value reserve

7

755

1,981

Retained earnings

264,754

195,880

SHAREHOLDERS' FUNDS

265,613

197,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2021 and were signed on its behalf by:

Mr S J Ehrhart - Director

1.	STATUTORY INFORMATION

Lansdowne Woodward Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is the amount derived from ordinary activities. It represents brokerage and fees, recognised when premiums are due to the company from clients.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

10% on cost

Office equipment

-

15% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2019 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2019

and 31 July 2020

280,000

AMORTISATION

At 1 August 2019

224,000

Amortisation for year

14,000

At 31 July 2020

238,000

NET BOOK VALUE

At 31 July 2020

42,000

At 31 July 2019

56,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2019

and 31 July 2020

67,862

DEPRECIATION

At 1 August 2019

56,739

Charge for year

2,189

At 31 July 2020

58,928

NET BOOK VALUE

At 31 July 2020

8,934

At 31 July 2019

11,123

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 August 2019

3,271

Revaluations

(1,226

)

At 31 July 2020

2,045

NET BOOK VALUE

At 31 July 2020

2,045

At 31 July 2019

3,271

Cost or valuation at 31 July 2020 is represented by:

Totals

£

Valuation in 2018

3,271

Valuation in 2020

(1,226

)

2,045

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2020

2019

£

£

Cost

1,290

1,290

Fixed asset investments were valued on an open market basis on 31 July 2020 by Broker Direct .

7.

RESERVES

Fair

value

reserve

£

At 1 August 2019

1,981

Revaluations in year

(1,226

)

At 31 July 2020

755