| LRS London Ltd. |
| Registered number: |
07623859 |
| Abbreviated Balance Sheet |
| as at 31 May 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
5,927,837 |
|
|
2,070,195 |
|
| Current assets |
| Debtors |
|
|
28,749 |
|
|
6,848 |
| Cash at bank and in hand |
|
|
62,166 |
|
|
27,540 |
|
|
|
90,915 |
|
|
34,388 |
|
| Creditors: amounts falling due within one year |
|
|
(566,610) |
|
|
(75,905) |
|
| Net current liabilities |
|
|
|
(475,695) |
|
|
(41,517) |
|
| Total assets less current liabilities |
|
|
|
5,452,142 |
|
|
2,028,678 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(5,443,044) |
|
|
(2,028,640) |
|
|
|
| Net assets |
|
|
|
9,098 |
|
|
38 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
3 |
|
|
3 |
| Profit and loss account |
|
|
|
9,095 |
|
|
35 |
|
| Shareholders' funds |
|
|
|
9,098 |
|
|
38 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| L Calzavara |
| Director |
| Approved by the board on 24 December 2015 |
|
| LRS London Ltd. |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of rents received and receivable |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
No depreciation is provided on freehold buildings as in the opinion of the Director, market value |
|
exceeds cost. |
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2014 |
2,097,615 |
|
Additions |
3,889,391 |
|
At 31 May 2015 |
5,987,006 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2014 |
27,420 |
|
Charge for the year |
31,749 |
|
At 31 May 2015 |
59,169 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2015 |
5,927,837 |
|
At 31 May 2014 |
2,070,195 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
3 |
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
