Llysdulas Estate Company Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00541059 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

LLYSDULAS ESTATE COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

Mrs E J Pickering

Mr J A Pickering

Mrs C J Pickering

SECRETARY:

Mrs E J Pickering

REGISTERED OFFICE:

Llysdulas

Amlwch

Anglesey

LL70 9LX

REGISTERED NUMBER:

00541059 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

2

4,255,928

4,309,836

Investments

3

532

4,256,460

4,310,368

CURRENT ASSETS

Stocks

219,741

152,946

Debtors

838,915

687,041

Cash at bank

40,310

57,300

1,098,966

897,287

CREDITORS

Amounts falling due within one year

4,634,772

4,254,076

NET CURRENT LIABILITIES

(3,535,806

)

(3,356,789

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

720,654

953,579

CAPITAL AND RESERVES

Called up share capital

4

150,000

Profit and loss account

570,654

803,579

SHAREHOLDERS' FUNDS

720,654

953,579

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 July 2016 and were signed on its behalf by:

Mr J A Pickering - Director

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 January 2015).

Although the company has net current liabilities, the company is able to meet its day to day trading

commitments with the support of its directors, shareholders and other related parties.

Turnover

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

Tangible fixed assets

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

Land and buildings

-

Straight line over 200 years and over the period of the lease

Plant and machinery etc

-

25% on reducing balance, Straight line over 10 years and Straight line over 7 years

Freehold land is not depreciated as it has an unlimited life.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

5,243,655

Additions

76,461

At 31 December 2015

5,320,116

DEPRECIATION

At 1 January 2015

933,819

Charge for year

130,369

At 31 December 2015

1,064,188

NET BOOK VALUE

At 31 December 2015

4,255,928

At 31 December 2014

4,309,836

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

532

NET BOOK VALUE

At 31 December 2015

532

At 31 December 2014

532

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/15

31/12/14

value:

£

150,000

Ordinary

£1

150,000