Abbreviated Company Accounts - LULLINGSTONE MANAGEMENT COMPANY LIMITED

Abbreviated Company Accounts - LULLINGSTONE MANAGEMENT COMPANY LIMITED

LULLINGSTONE MANAGEMENT COMPANY LIMITED - Company Information

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Registered Number 04220398

LULLINGSTONE MANAGEMENT COMPANY LIMITED

Abbreviated Accounts

31 October 2014

LULLINGSTONE MANAGEMENT COMPANY LIMITED Registered Number 04220398

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,508,804 1,322,652
1,508,804 1,322,652
Current assets
Debtors 70,421 8,421
Cash at bank and in hand 11,308 269,461
81,729 277,882
Creditors: amounts falling due within one year (118,911) (160,670)
Net current assets (liabilities) (37,182) 117,212
Total assets less current liabilities 1,471,622 1,439,864
Creditors: amounts falling due after more than one year (546,956) (674,011)
Total net assets (liabilities) 924,666 765,853
Capital and reserves
Called up share capital 1 1
Revaluation reserve 750,275 564,894
Profit and loss account 174,390 200,958
Shareholders' funds 924,666 765,853
  • For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 July 2015

And signed on their behalf by:
Paul Andrew Simpson, Director

LULLINGSTONE MANAGEMENT COMPANY LIMITED Registered Number 04220398

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings
and equipment - 20% straight line

2Tangible fixed assets
£
Cost
At 1 November 2013 1,340,734
Additions 4,229
Disposals -
Revaluations 185,381
Transfers -
At 31 October 2014 1,530,344
Depreciation
At 1 November 2013 18,082
Charge for the year 3,458
On disposals -
At 31 October 2014 21,540
Net book values
At 31 October 2014 1,508,804
At 31 October 2013 1,322,652