Landsdown Investments Limited - Period Ending 2015-03-31

Registration number: 04943718

Landsdown Investments Limited

Unaudited Abbreviated Accounts

for the Period from 1 January 2014 to 31 March 2015

 

Dorrington Mundy
Chartered Accountants
5 Beauley Road
Southville
Bristol
BS3 1PX

Landsdown Investments Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Landsdown Investments Limited
for the Period Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Landsdown Investments Limited for the period ended 31 March 2015 set out on pages 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 Landsdown Investments Limited, as a body, in accordance with the terms of our engagement letterdated 1 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of Landsdown Investments 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 Landsdown Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Landsdown Investments 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 Landsdown Investments Limited. You consider that Landsdown Investments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Landsdown Investments 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.

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

Dorrington Mundy
Chartered Accountants
5 Beauley Road
Southville
Bristol
BS3 1PX

6 October 2015

Page 1

Landsdown Investments Limited
(Registration number: 04943718)
Abbreviated Balance Sheet at 31 March 2015

		Note			31 March 2015 £			31 December 2013 £
Fixed assets
Tangible fixed assets		2			124,741			328,532
Current assets
Cash at bank and in hand					966			4,617
Creditors: Amounts falling due within one year		3			(28,248)			(128,968)
Net current liabilities					(27,282)			(124,351)
Total assets less current liabilities					97,459			204,181
Creditors: Amounts falling due after more than one year		3			-			(172,829)
Net assets					97,459			31,352
Capital and reserves
Called up share capital		4			2			2
Revaluation reserve					17,180			44,790
Profit and loss account					80,277			(13,440)
Shareholders' funds					97,459			31,352

For the year ending 31 March 2015 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 6 October 2015

.........................................
R Mamuda
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Landsdown Investments Limited
Notes to the Abbreviated Accounts for the Period from 1 January 2014 to 31 March 2015
......... 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 net invoiced sales, excluding VAT.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class	Depreciation method and rate
Land and Buildings	1% on cost or revalued amounts

Stocks of property are valued at the lower of cost and net realisable 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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		331,850			331,850
Disposals		(204,565)			(204,565)
At 31 March 2015		127,285			127,285
Depreciation
At 1 January 2014		3,318			3,318
Charge for the period		1,272			1,272
Eliminated on disposals		(2,046)			(2,046)
At 31 March 2015		2,544			2,544
Net book value
At 31 March 2015		124,741			124,741
At 31 December 2013		328,532			328,532

Page 3

Landsdown Investments Limited
Notes to the Abbreviated Accounts for the Period from 1 January 2014 to 31 March 2015
......... continued

3

Creditors

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

		31 March 2015 £			31 December 2013 £
After more than five years by instalments		-			130,229

4	Share capital

Allotted, called up and fully paid shares

	31 March 2015						31 December 2013
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2

5	Related party transactions

Director's advances and credits

	1 January 2014 to 31 March 2015 Advance/ Credit £	1 January 2014 to 31 March 2015 Repaid £	Year ended 31 December 2013 Advance/ Credit £	Year ended 31 December 2013 Repaid £
R Mamuda
A balance is owed to the director at the year end.	11,113	-	98,036	-

Page 4