Landin Wilcock & Company Limited - Period Ending 2014-12-31

Registration number: 04469695

Landin Wilcock & Company Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
S1 1WR

Landin Wilcock & Company Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Landin Wilcock & Company Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Landin Wilcock & Company Limited for the year ended 31 December 2014 set out on pages 4 to 11 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 (ICAEW), 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 Landin Wilcock & Company Limited, as a body, in accordance with the terms of our engagement letter dated 2 September 2007. Our work has been undertaken solely to prepare for your approval the accounts of Landin Wilcock & Company Limited and state those matters that we have agreed to state to them, 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 Landin Wilcock & Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Landin Wilcock & Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Landin Wilcock & Company Limited. You consider that Landin Wilcock & Company Limited 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 accounts of Landin Wilcock & Company Limited. 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 accounts.

......................................

Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
S1 1WR

18 September 2015

Page 1

Landin Wilcock & Company Limited
(Registration number: 04469695)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Investments		2			526,346			526,346
Current assets
Debtors					800			1,050
Cash at bank and in hand					7,415			3,215
					8,215			4,265
Creditors: Amounts falling due within one year		3			(39,512)			(47,712)
Net current liabilities					(31,297)			(43,447)
Total assets less current liabilities					495,049			482,899
Creditors: Amounts falling due after more than one year		3			(201,739)			(232,994)
Net assets					293,310			249,905
Capital and reserves
Called up share capital		4			600			600
Profit and loss account					292,710			249,305
Shareholders' funds					293,310			249,905

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

Landin Wilcock & Company Limited
(Registration number: 04469695)
Abbreviated Balance Sheet at 31 December 2014
......... continued

Approved by the Board on 18 September 2015 and signed on its behalf by:

.........................................
Mr K J Parkes
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

Landin Wilcock & Company 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).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Fixed asset investments

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

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.

Page 4

Landin Wilcock & Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Investments £			Total £
Cost
At 1 January 2014		526,346			526,346
At 31 December 2014		526,346			526,346
Depreciation
At 31 December 2014		-			-
Net book value
At 31 December 2014		526,346			526,346
At 31 December 2013		526,346			526,346

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Queen Street Chambers (Sheffield) Limited	England	Ordinary Shares	100%	Commercial Property Landlords

The profit for the financial period of Queen Street Chambers (Sheffield) Limited was £49,328 and the aggregate amount of capital and reserves at the end of the period was £647,698.

Page 5

Landin Wilcock & Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		30,000			30,000
Amounts falling due after more than one year		201,739			232,994
Total secured creditors		231,739			262,994

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years by instalments		81,739			112,994

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		600			600			600			600

Page 6