Lilydawn Limited - Abbreviated accounts 16.1
Lilydawn Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2015 |
| FOR |
| LILYDAWN LIMITED |
| LILYDAWN LIMITED (REGISTERED NUMBER: 06348025) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| LILYDAWN LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| LILYDAWN LIMITED (REGISTERED NUMBER: 06348025) |
| ABBREVIATED BALANCE SHEET |
| 31 AUGUST 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors | 3 |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges her 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 financial statements were approved by the director on |
| LILYDAWN LIMITED (REGISTERED NUMBER: 06348025) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2015 |
| 1. | ACCOUNTING POLICIES |
| 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). |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Turnover |
| Turnover represents the gross rents receivable during the normal course of company's business. |
| Tangible fixed assets and depreciation |
| In accordance with the Financial Reporting Standard 15, no depreciation is provided in respect of freehold |
| investment property. This is a departure from the requirements of the Companies Act 2006 which requires all |
| properties to be depreciated. Such properties are not held for consumption but for investment and the directors |
| consider that to depreciate them would not give a true and fair view. Depreciation is only one of many factors |
| reflected in the periodic valuation of properties and accordingly the amount of depreciation which might |
| otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy |
| results in the accounts giving a true and fair view. |
| Going concern |
| Where current liabilities exceed current assets the directors consider the ability of the company to continue to |
| meet its liabilities from liquid assets as and when they fall due. The directors also consider the support given to |
| the company by its creditors. If the directors are satisfied that the company can meet its liabilities as and when |
| they fall due, and that the company has sufficient support from its creditors, the accounts are prepared on a going |
| concern basis. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2014 |
| and 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| 3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary £1 | 1 |
| LILYDAWN LIMITED (REGISTERED NUMBER: 06348025) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2015 |
| 5. | GOING CONCERN |
| Current liabilities exceed current assets at the balance sheet date. The director considers, however, that the |
| company is able to continue to meet its liabilities from liquid assets as and when they fall due. The director also |
| considers that the company has sufficient support from its creditors and it is appropriate to prepare the accounts |
| on a going concern basis. |