LUNN_VENTURES_GROUP_LIMIT - Accounts

LUNN VENTURES GROUP LIMITED - Company Information

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Company Registration No. 5645242 (England and Wales)

LUNN VENTURES GROUP LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

LUNN VENTURES GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LUNN VENTURES GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

517

Investments

73,005

70,503

73,522

70,503

Current assets

Debtors

575,000

928,600

Cash at bank and in hand

598,053

237,427

1,173,053

1,166,027

Creditors: amounts falling due within one year

(48,608)

(59,324)

Net current assets

1,124,445

1,106,703

Total assets less current liabilities

1,197,967

1,177,206

Capital and reserves

Called up share capital

203,430

Share premium account

5,751,709

Profit and loss account

(4,757,172)

(4,777,933)

Shareholders' funds

1,197,967

1,177,206

For the financial year ended 30 April 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 16 July 2015

D Lunn

Director

Company Registration No. 5645242

LUNN VENTURES GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

Straight line 33.33%

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

LUNN VENTURES GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 May 2014

70,503

Additions

775

2,502

3,277

At 30 April 2015

775

73,005

73,780

Depreciation

At 1 May 2014

Charge for the year

258

At 30 April 2015

258

Net book value

At 30 April 2015

517

73,005

73,522

At 30 April 2014

70,503

Debtors

Debtors include an amount of £275,000 (2014 - £610,000) which is due after more than one year.

Share capital

2015

2014

Allotted, called up and fully paid

203,430 Ordinary shares of £1 each

203,430