Lewis Lewis Investments Ltd - Period Ending 2014-12-31

Registration number: 05000244

Lewis Lewis Investments Ltd Unaudited Abbreviated Accounts for the Year Ended 31 December 2014

Howsons Chartered Accountants
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

Lewis Lewis Investments Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Lewis Lewis Investments Ltd
(Registration number: 05000244)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Current assets
Stocks					98,460			98,460
Debtors					148			148
Cash at bank and in hand					2			34
					98,610			98,642
Creditors: Amounts falling due within one year					(156,590)			(155,519)
Net liabilities					(57,980)			(56,877)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(58,080)			(56,977)
Shareholders' deficit					(57,980)			(56,877)

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 director acknowledges his 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 director on 24 September 2015

.........................................
T E L Ballham
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Lewis Lewis Investments Ltd
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 a cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

Due to the economic climate the housing market has seen a significant decline and as a result the company has been unable to realise any property sales. Once the market improves the director intends to sell further properties. The director will continue to support the company for the foreseeable future.

Turnover

Turnover represents the invoiced value of sales of developed properties.

Depreciation

Depreciation is provided on tangible fixed assets as so 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
Office Equipment	33.3% straight line basis

Work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Cost of stocks comprises of property acquisition and development expenditure and an appropriate proportion of overheads relating to the development. Net realisable value is based on projected future sales proceeds less anticipated costs to completion and selling costs.

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.

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 2

Lewis Lewis Investments Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		1,089			1,089
At 31 December 2014		1,089			1,089
Depreciation
At 1 January 2014		1,089			1,089
At 31 December 2014		1,089			1,089
Net book value
At 31 December 2014		-			-
At 31 December 2013		-			-

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Going concern

Due to the economic climate the housing market has seen a significant decline and as a result the company has been unable to realise any property sales. Once the market improves the director intends to sell further properties. The director will continue to support the company for the foreseeable future.

Page 3