London Capital Fundco 1 Limited - Limited company - abbreviated

REGISTERED NUMBER: 06425856 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

LONDON CAPITAL FUNDCO 1 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A H J Binnie

A J D Seddon

SECRETARY:

A H J Binnie

REGISTERED OFFICE:

1 Bramley Business Centre

Station Road

Bramley

Surrey

GU5 0AZ

REGISTERED NUMBER:

06425856 (England and Wales)

FIXED ASSETS

Investments

2

686

990

CURRENT ASSETS

Debtors

3,430,314

3,144,004

Cash in hand

42

3,430,356

3,144,046

CREDITORS

Amounts falling due within one year

2,818,082

2,528,782

NET CURRENT ASSETS

612,274

615,264

TOTAL ASSETS LESS CURRENT LIABILITIES

612,960

616,254

CAPITAL AND RESERVES

Called up share capital

3

57

37

Capital redemption reserve

11

Profit and loss account

612,892

616,206

SHAREHOLDERS' FUNDS

612,960

616,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year
and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise
comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 September 2015 and were signed on its behalf by:

A H J Binnie - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting

Standard for Smaller Entities (effective April 2008).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

990

Additions

196

Disposals

(500

)

At 31 December 2014

686

NET BOOK VALUE

At 31 December 2014

686

At 31 December 2013

990

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

One Ennismore Limited

Nature of business: Property development

%

Class of shares:

holding

Ordinary

42.24

2014

2013

£

Aggregate capital and reserves

(1,149,785

)

(682,922

)

Loss for the year

(467,327

)

(359,546

)

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

800

A Ordinary

1p

8

5

(2013 - 520 )

469

B Ordinary

1p

5

3

(2013 - 305 )

1,035

C Ordinary

1p

10

7

(2013 - 650 )

1,000

E Ordinary

1p

10

464

F Ordinary

1p

5

2

400

G Ordinary

1p

4

3

(2013 - 260)

400

J Ordinary

1p

4

3

(2013 - 260)

165

L Ordinary

1p

2

1

(2013 - 130)

69

M Ordinary

1p

1

(2013 - 45)

800

E1 Ordinary

1p

8

2

(2013 - 170)

57

37

The following shares were issued during the year for cash at par :

280 A Ordinary shares of 1p

164 B Ordinary shares of 1p

385 C Ordinary shares of 1p

164 F Ordinary shares of 1p

140 G Ordinary shares of 1p

140 J Ordinary shares of 1p

35 L Ordinary shares of 1p

24 M Ordinary shares of 1p

630 E1 Ordinary shares of 1p

All classes of shares shall rank pari passu in all respects save as set out in the Articles of Association.

4.	RELATED PARTY DISCLOSURES

One Ennismore Limited

An company in which A H J Binnie and A J D Seddon have an interest

During the year to 31 December 2014, the company loaned One Ennismore Limited £285,311 (2013 - £691,893). The balance

outstanding at the year end was £3,429,314 (2013 - £3,144,004). £nil (2013 - £694,494) is included within other debtors and

£3,429,314 (2013 - £2,449,510) is included within loan notes, both amounts being due within one year.

During the year to the 31 December 2014, the company was loaned £5,172 (2013- £nil) by One Ennismore Limited. The balance

outstanding at the year end was £5,172 (2013 - £nil), which is included within Other Creditors.

London Capital Corp Limited

A company in which A H J Binnie and A J D Seddon have an interest

During the year to 31 December 2014, London Capital Corp Limited, loaned the company £500 (2013 - £140,000). The balance

outstanding at the year end was £9,894 (2013 - £149,394). This amount is included within other creditors due within one year.

Included within Creditors due within one year: Loan notes is an amount of £400,000 (2013 - £260,000) due to London Capital Corp

Limited.

5.	ULTIMATE CONTROLLING PARTY

There was no single controlling party during the period.

London Capital Fundco 1 Limited - Limited company - abbreviated - 11.6

London Capital Fundco 1 Limited - Limited company - abbreviated - 11.6