Luz Bay 63 Limited - Period Ending 2014-12-31

Registration number: 04167197

Luz Bay 63 Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Luz Bay 63 Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Luz Bay 63 Limited
(Registration number: 04167197)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					139,897			140,117
Current assets
Debtors					151			266
Cash at bank and in hand					18,656			16,361
					18,807			16,627
Creditors: Amounts falling due within one year					(1,790)			(1,416)
Net current assets					17,017			15,211
Net assets					156,914			155,328
Capital and reserves
Called up share capital		3			27			27
Share premium account					148,973			148,973
Profit and loss account					7,914			6,328
Shareholders' funds					156,914			155,328

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 14 September 2015 and signed on its behalf by:

.........................................
Heather Eggins
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Luz Bay 63 Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance basis
Office equipment	20% reducing balance basis

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Luz Bay 63 Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		146,075			146,075
At 31 December 2014		146,075			146,075
Depreciation
At 1 January 2014		5,958			5,958
Charge for the year		220			220
At 31 December 2014		6,178			6,178
Net book value
At 31 December 2014		139,897			139,897
At 31 December 2013		140,117			140,117

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		27			27			27			27

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