LONGFELD_INVESTMENT_COMPA - Accounts

LONGFELD INVESTMENT COMPANY LIMITED - Company Information

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Company Registration No. 00629944 (England and Wales)

LONGFELD INVESTMENT COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

LONGFELD INVESTMENT COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LONGFELD INVESTMENT COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,386,110

Current assets

Debtors

68,955

27,160

Cash at bank and in hand

48,266

18,007

117,221

45,167

Creditors: amounts falling due within one year

(40,418)

(65,665)

Net current assets/(liabilities)

76,803

(20,498)

Total assets less current liabilities

1,462,913

1,365,612

Creditors: amounts falling due after more than one year

(463,000)

(403,424)

999,913

962,188

Capital and reserves

Called up share capital

100

Revaluation reserve

522,744

Profit and loss account

477,069

439,344

Shareholders' funds

999,913

962,188

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 December 2015

P A Mecklenburgh

Director

Company Registration No. 00629944

LONGFELD INVESTMENT COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Motor vehicles

25% reducing balance

Investment properties Revaluation method

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2014 & at 31 March 2015

1,386,110

At 31 March 2014

1,386,110

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

LONGFELD INVESTMENT COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Related party relationships and transactions

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

P A Mecklenburgh

(2,250)

65,976

1,200

62,526

(2,250)

65,976

1,200

62,526