Abbreviated Company Accounts - LONTRA LIMITED

05063449 LONTRA LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 05063449 2014-07-01 2015-06-30 05063449 2015-06-30 05063449 2014-06-30 05063449 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 05063449 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 05063449

LONTRA LIMITED

Abbreviated Accounts

30 June 2015

LONTRA LIMITED Registered Number 05063449

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	723,033	723,033
Tangible assets	3	153,118	53,315
		876,151	776,348
Current assets
Stocks		-	-
Debtors		75,896	5,208
Investments		-	-
Cash at bank and in hand		1,821,155	699,569
		1,897,051	704,777
Prepayments and accrued income		37,611	16,649
Creditors: amounts falling due within one year		(212,276)	(447,030)
Net current assets (liabilities)		1,722,386	274,396
Total assets less current liabilities		2,598,537	1,050,744
Creditors: amounts falling due after more than one year		(1,229,564)	(882,064)
Provisions for liabilities		0	0
Accruals and deferred income		(3,084)	(8,635)
Total net assets (liabilities)		1,365,889	160,045
Capital and reserves
Called up share capital	4	3,597	3,144
Share premium account		5,406,558	2,879,551
Profit and loss account		(4,044,266)	(2,722,650)
Shareholders' funds		1,365,889	160,045

For the year ending 30 June 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 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 10 November 2015

And signed on their behalf by:
Stephen Lindsey, Director

LONTRA LIMITED Registered Number 05063449

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents grants received and royalties receivable, excluding value added tax

Tangible assets depreciation policy
Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold improvements - over the life of the lease
Computer equipment - over 2 years
Workshop equipment - over 2 years
Office furniture - over 2 years

Intangible assets amortisation policy
Intangible assets are held on the balance sheet at cost until such time as income is generated from the asset at which time the cost will be amortised over the expected period of the income.

2Intangible fixed assets

	£
Cost
At 1 July 2014	723,033
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 June 2015	723,033
Amortisation
At 1 July 2014	0
Charge for the year	0
On disposals	0
At 30 June 2015	0
Net book values
At 30 June 2015	723,033
At 30 June 2014	723,033

3Tangible fixed assets

	£
Cost
At 1 July 2014	156,192
Additions	209,275
Disposals	0
Revaluations	0
Transfers	0
At 30 June 2015	365,467
Depreciation
At 1 July 2014	102,877
Charge for the year	109,472
On disposals	0
At 30 June 2015	212,349
Net book values
At 30 June 2015	153,118
At 30 June 2014	53,315

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
359,694 Ordinary shares of £0.01 each (314,365 shares for 2014)	3,597	3,144