Abbreviated Company Accounts - LOREHOPE LIMITED

Abbreviated Company Accounts - LOREHOPE LIMITED

LOREHOPE LIMITED - Company Information

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Registered Number 01711188

LOREHOPE LIMITED

Abbreviated Accounts

30 June 2015

LOREHOPE LIMITED Registered Number 01711188

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 582,496 591,123
582,496 591,123
Current assets
Stocks 38,985 36,233
Debtors 72,729 218,901
111,714 255,134
Creditors: amounts falling due within one year 3 (122,721) (230,358)
Net current assets (liabilities) (11,007) 24,776
Total assets less current liabilities 571,489 615,899
Creditors: amounts falling due after more than one year 3 (453,031) (464,006)
Total net assets (liabilities) 118,458 151,893
Capital and reserves
Called up share capital 100 100
Revaluation reserve 241,277 241,277
Profit and loss account (122,919) (89,484)
Shareholders' funds 118,458 151,893
  • For the year ending 30 June 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 18 March 2016

And signed on their behalf by:
John Hoyle, Director

LOREHOPE LIMITED Registered Number 01711188

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 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 or valuation less residual value of each asset over its expected useful life, as follows:

Land and Buildings - Straight line 50 years
Plant and Machinery - 15% reducing balance
Fixtures, Fittings and Equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets
£
Cost
At 1 July 2014 1,252,263
Additions 18,863
Disposals -
Revaluations -
Transfers -
At 30 June 2015 1,271,126
Depreciation
At 1 July 2014 661,140
Charge for the year 27,490
On disposals -
At 30 June 2015 688,630
Net book values
At 30 June 2015 582,496
At 30 June 2014 591,123
3Creditors
2015
£		 2014
£
Non-instalment debts due after 5 years 379,176 379,176