Abbreviated Company Accounts - LIVEMANOR LIMITED

02717234 LIVEMANOR LIMITED 2013-11-30 false 2012-12-01 2013-11-30 true 02717234 2012-12-01 2013-11-30 02717234 2013-11-30 02717234 2012-11-30 02717234 uk-gaap-cd-bus:Director1 2012-12-01 2013-11-30 02717234 uk-gaap-cd-bus:Director2 2012-12-01 2013-11-30 uk-gaap-cd-bus:Director3 2012-12-01 2013-11-30 uk-gaap-cd-bus:Director3 2013-11-30 uk-gaap-cd-bus:Director3 2012-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-01 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-30 iso4217:GBP shares

Registered Number 02717234

LIVEMANOR LIMITED

Abbreviated Accounts

30 November 2013

LIVEMANOR LIMITED Registered Number 02717234

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	341	50,455
		341	50,455
Current assets
Stocks		37,397	-
Debtors		121,117	85,266
Cash at bank and in hand		12,753	30,469
		171,267	115,735
Creditors: amounts falling due within one year		(182,424)	(178,797)
Net current assets (liabilities)		(11,157)	(63,062)
Total assets less current liabilities		(10,816)	(12,607)
Total net assets (liabilities)		(10,816)	(12,607)
Capital and reserves
Called up share capital	3	100	100
Revaluation reserve		-	12,603
Profit and loss account		(10,916)	(25,310)
Shareholders' funds		(10,816)	(12,607)

For the year ending 30 November 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 24 September 2014

And signed on their behalf by:
M Hay, Director

LIVEMANOR LIMITED Registered Number 02717234

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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 gross proceeds on the sale of properties, rental income and consultancy fees receivable.

Tangible assets depreciation policy
Tangible fixed assets include investment properties professionally valued by the directors on an existing use open market basis. Other tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 25% reducing balance
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

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

2Tangible fixed assets

	£
Cost
At 1 December 2012	54,818
Additions	-
Disposals	(37,397)
Revaluations	(12,603)
Transfers	-
At 30 November 2013	4,818
Depreciation
At 1 December 2012	4,363
Charge for the year	114
On disposals	-
At 30 November 2013	4,477
Net book values
At 30 November 2013	341
At 30 November 2012	50,455

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	M Hay
Description of the transaction:	Loan
Balance at 1 December 2012:	£ 69,266
Advances or credits made:	£ 30,851
Advances or credits repaid:	-
Balance at 30 November 2013:	£ 100,117

Included in the additional advances is interest charged at 4% amounting to £3,851