Lockwood Corporate Development Limited - Period Ending 2015-05-31

Registration number: 05442746

Lockwood Corporate Development Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2015
 

M J Vousden FCCA t/a AIMS
Synegis House
Crockhamwell Road
Woodley
Reading
Berkshire
RG5 3LE

Lockwood Corporate Development Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Lockwood Corporate Development Limited
(Registration number: 05442746)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Investments					145,212			161,941
Current assets
Debtors					145			-
Cash at bank and in hand					3,070			4,217
					3,215			4,217
Creditors: Amounts falling due within one year					(118,499)			(118,710)
Net current liabilities					(115,284)			(114,493)
Net assets					29,928			47,448
Capital and reserves
Called up share capital		3			2			2
Revaluation reserve					5,111			21,840
Profit and loss account					24,815			25,606
Shareholders' funds					29,928			47,448

For the year ending 31 May 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 12 February 2016 and signed on its behalf by:

.........................................
I Lockwood
Director

.........................................
A Lockwood
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Lockwood Corporate Development Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

The listed investments were valued on an open market basis on 31 May 2014 by the director, I Lockwood.

2	Fixed assets

		Investments £			Total £
Cost
At 1 June 2014		167,646			167,646
At 31 May 2015		167,646			167,646
Depreciation
At 1 June 2014		5,705			5,705
Charge for the year		16,729			16,729
At 31 May 2015		22,434			22,434
Net book value
At 31 May 2015		145,212			145,212
At 31 May 2014		161,941			161,941

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 2