Abbreviated Company Accounts - LICHFIELD LAND COMPANY LIMITED

LICHFIELD LAND COMPANY LIMITED - Company Information

02566305 LICHFIELD LAND COMPANY LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 02566305 2014-01-01 2014-12-31 02566305 2014-12-31 02566305 2013-12-31 02566305 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 02566305 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 iso4217:GBP shares

Registered Number 02566305

LICHFIELD LAND COMPANY LIMITED

Abbreviated Accounts

31 December 2014

LICHFIELD LAND COMPANY LIMITED Registered Number 02566305

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	122,766	122,766
		122,766	122,766
Current assets
Debtors		11,585	17,171
Cash at bank and in hand		38,600	20,904
		50,185	38,075
Creditors: amounts falling due within one year		(970)	(393)
Net current assets (liabilities)		49,215	37,682
Total assets less current liabilities		171,981	160,448
Creditors: amounts falling due after more than one year		(171,979)	(160,446)
Total net assets (liabilities)		2	2
Capital and reserves
Called up share capital	3	2	2
Shareholders' funds		2	2

For the year ending 31 December 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 25 June 2015

And signed on their behalf by:
IAN MOORE, Director

LICHFIELD LAND COMPANY LIMITED Registered Number 02566305

Notes to the Abbreviated Accounts for the period ended 31 December 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.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 January 2014	122,766
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	122,766
Depreciation
At 1 January 2014	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	122,766
At 31 December 2013	122,766

The agricultural land is included in the Balance Sheet at historical cost. This is not in accordance with the requirements of the Statement of Standard Accounting Practice No 19 which requires such land to be stated at their open market value

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 A Ordinary share of £1 each	1	1
1 B Ordinary share of £1 each	1	1