LODGE_STABLES_LTD - Accounts


Company Registration No. 08566164 (England and Wales)
LODGE STABLES LTD
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
LODGE STABLES LTD
COMPANY INFORMATION
Directors
H M Allison
C Gilmore
D A Ward
Secretary
C P Richardson
Company number
08566164
Registered office
Sheep Market House
Sheep Market
Stamford
Lincs
PE9 2RB
Accountants
Stephenson Smart & Co
36 Tyndall Court
Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR
LODGE STABLES LTD
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 6
LODGE STABLES LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2015
- 1 -
The directors present their report and financial statements for the year ended 31 March 2015.
Principal activities

The principal activity of the company continued to be the management and administration of the property known as Lodge Stables, Oakham, Rutland.the management and administration of the property known as Lodge Stables, Oakham, Rutland.

Directors
The following directors have held office since 1 April 2014:
H M Allison
R A Walters
(Resigned 1 April 2015)
C Gilmore
D A Ward
V F Gaunt
(Resigned 2 April 2015)
Statement of directors' responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
H M Allison
Director
16 June 2015
LODGE STABLES LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LODGE STABLES LTD FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lodge Stables Ltd for the year ended 31 March 2015 set out on pages 3 to 6 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 Lodge Stables Ltd, as a body, in accordance with the terms of our engagement letter dated 13th February 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Lodge Stables Ltd and state those matters that we have agreed to state to the Board of Directors of Lodge Stables Ltd, 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 Lodge Stables Ltd and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Lodge Stables Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lodge Stables Ltd. You consider that Lodge Stables Ltd 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 financial statements of Lodge Stables Ltd. 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 statutory financial statements.
Stephenson Smart & Co
19 June 2015
Chartered Accountants
36 Tyndall Court
Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR
LODGE STABLES LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2015
2014
Notes
£
£
Turnover
23,470
23,427
Cost of sales
-
(525)
Gross profit
23,470
22,902
Administrative expenses
(22,382)
(18,308)
Operating profit
1,088
4,594
Other interest receivable and similar income
2
13
1
Profit on ordinary activities before taxation
1,101
4,595
Tax on profit on ordinary activities
3
(722)
(400)
Profit for the year
7
379
4,195
LODGE STABLES LTD
BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 4 -
2015
2014
Notes
£
£
£
£
Current assets
Debtors
4
-
2,267
Cash at bank and in hand
16,028
6,242
16,028
8,509
Creditors: amounts falling due within one year
5
(11,440)
(4,300)
Total assets less current liabilities
4,588
4,209
Capital and reserves
Called up share capital
6
14
14
Profit and loss account
7
4,574
4,195
Shareholders' funds
4,588
4,209
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board for issue on 16 June 2015
H M Allison
C Gilmore
Director
Director
Company Registration No. 08566164
LODGE STABLES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover

Turnover represents amounts receivable for service charges and commissions .service charges and commissions.

2
Investment income
2015
2014
£
£
Bank interest
13
1
13
1
3
Taxation
2015
2014
£
£
Domestic current year tax
U.K. corporation tax
722
400
Total current tax
722
400
4
Debtors
2015
2014
£
£
Trade debtors
-
2,267
5
Creditors: amounts falling due within one year
2015
2014
£
£
Trade creditors
375
778
Taxation and social security
759
400
Other creditors
10,306
3,122
11,440
4,300
LODGE STABLES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 6 -
6
Share capital
2015
2014
£
£
Allotted, called up and fully paid
14 Ordinary of £1 each
14
14
7
Statement of movements on profit and loss account
Profit
and loss
account
£
Balance at 1 April 2014
4,195
Profit for the year
379
Balance at 31 March 2015
4,574
LODGE STABLES LTD
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015
LODGE STABLES LTD
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 31 MARCH 2015
2015
2014
£
£
Administrative expenses
Wages and salaries (excl. N.I.)
8,973
4,157
Rates
102
5
Management charges
2,456
300
Insurance
2,149
2,323
Legal fees
120
3,600
Light and heat
1,211
850
Cleaning
164
-
Caretaker/ General maintenance
1,283
895
Window cleaning
695
309
Lift maintenance
936
1,922
Telephone
966
186
Travelling expenses
-
56
Professional fees
156
845
Gardening
1,225
570
Accountancy
600
480
Underprovision of accountancy fee prior year
532
-
Health and safety
-
100
Facilitation fee's
-
375
Emergency call out fee's
-
118
Subscriptions - allowable
410
288
Gate Servicing
404
929
22,382
18,308
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