Longden Walker and Renney (Solicitors) - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08021038 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2015

for

Longden Walker and Renney (Solicitors)

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R A Ebdon

D H Kirkwood

D Nesbitt

N I Heavisides

Z Warburton

REGISTERED OFFICE:

14 John Street

Sunderland

Tyne and Wear

SR1 1HZ

REGISTERED NUMBER:

08021038 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Intangible assets

2

700,000

700,000

Tangible assets

3

33,465

44,197

733,465

744,197

CURRENT ASSETS

Debtors

1,321,309

1,015,725

Cash in hand

638

745

1,321,947

1,016,470

CREDITORS

Amounts falling due within one year

4

826,428

1,030,937

NET CURRENT ASSETS/(LIABILITIES)

495,519

(14,467

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,984

729,730

PROVISIONS FOR LIABILITIES

1,307

1,491

NET ASSETS

1,227,677

728,239

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

1,226,677

727,239

SHAREHOLDERS' FUNDS

1,227,677

728,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 December 2015 and were signed on its behalf by:

R A Ebdon - Director

D H Kirkwood - Director

D Nesbitt - Director

N I Heavisides - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis,which assumes that the company will continue in

operational existence for the foreseeable future, which the directors consider appropriate.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, is not being amortised in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008). This is a departure from the requirements

of the Companies Act 2006 which requires all Intangibles to be amortised. The directors consider that the carrying value of

the company's goodwill has not reduced following an impairment review.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore only recognised only when, on the basis of all available

evidence,it can be regarded as more likely than not there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which the

timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by

the balance sheet date.

Debtors under contract

Debtors under contract have been valued at the value of service provided to date based on a proportion of the total expected

consideration at completion.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

700,000

NET BOOK VALUE

At 31 July 2015

700,000

At 31 July 2014

700,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

85,035

Additions

1,258

At 31 July 2015

86,293

DEPRECIATION

At 1 August 2014

40,838

Charge for year

11,990

At 31 July 2015

52,828

NET BOOK VALUE

At 31 July 2015

33,465

At 31 July 2014

44,197

4.

CREDITORS

Creditors include an amount of £ 52,560 (2014 - £ 84,350 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000

6.	ULTIMATE CONTROLLING PARTY

No party had control of the company.