Abbreviated Company Accounts - LOUDWATER INVESTMENT PARTNERS LIMITED

05473044 LOUDWATER INVESTMENT PARTNERS LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 05473044 2013-01-01 2013-12-31 05473044 2013-12-31 05473044 2012-12-31 05473044 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 05473044 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 05473044

LOUDWATER INVESTMENT PARTNERS LIMITED

Abbreviated Accounts

31 December 2013

LOUDWATER INVESTMENT PARTNERS LIMITED Registered Number 05473044

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	111	223
Investments	3	692,779	558,514
		692,890	558,737
Current assets
Debtors		46,320	14,232
Cash at bank and in hand		109,557	142,634
		155,877	156,866
Creditors: amounts falling due within one year		(44,678)	(59,491)
Net current assets (liabilities)		111,199	97,375
Total assets less current liabilities		804,089	656,112
Total net assets (liabilities)		804,089	656,112
Capital and reserves
Called up share capital	4	50,500	50,500
Profit and loss account		753,589	605,612
Shareholders' funds		804,089	656,112

For the year ending 31 December 2013 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 18 September 2014

And signed on their behalf by:
R Wyatt, Director
E Forwood, Director

LOUDWATER INVESTMENT PARTNERS LIMITED Registered Number 05473044

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

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

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% straight line.

Other accounting policies
Investments:
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Pensions:
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees’ service lives on the basis of a constant percentage of earnings.

Group accounts:
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Tangible fixed assets

	£
Cost
At 1 January 2013	23,464
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	23,464
Depreciation
At 1 January 2013	23,241
Charge for the year	112
On disposals	-
At 31 December 2013	23,353
Net book values
At 31 December 2013	111
At 31 December 2012	223

3Fixed assets Investments
Cost
At 1 January 2013 = £558,514
Additions = £331,023
Disposals = £(196,578)
At 31 December 2013 = £692,779

Net book values:
At 31 December 2013 = £692,779
At 31 December 2012 = £558,514

Investment details:
Subsidiary undertaking 2013 = £1
Subsidiary undertaking 2012 = £-

The company holds 20% or more of the share capital of the following companies:
Company Subsidiary undertaking - Loudwater Capital GP Limited
Country of registration or incorporation - England and Wales
Nature of business - Investment management
Shares held Class - Ordinary
Percentage - 100%

The undertaking was incorporated in August 2013 and no financial statements were available at 31st December 2013.

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

	2013 £	2012 £
50,500 Ordinary shares of £1 each	50,500	50,500