Laniakea Estates Ltd - Period Ending 2015-11-30

Registration number: 09301638

Laniakea Estates Ltd

and Abbreviated Accounts

for the Period from 7 November 2014 to 30 November 2015

 

Laniakea Estates Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Laniakea Estates Ltd
(Registration number: 09301638)
Abbreviated Balance Sheet at 30 November 2015

		Note			30 November 2015 £
Fixed assets
Tangible fixed assets					377,116
Current assets
Cash at bank and in hand					28,418
Creditors: Amounts falling due within one year					(208,475)
Net current liabilities					(180,057)
Total assets less current liabilities					197,059
Creditors: Amounts falling due after more than one year					(179,000)
Net assets					18,059
Capital and reserves
Profit and loss account					18,059
Shareholders' funds					18,059

For the year ending 30 November 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 5 August 2016 and signed on its behalf by:

.........................................
Mr Kashif Ahmed
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Laniakea Estates Ltd
Notes to the Abbreviated Accounts for the Period from 7 November 2014 to 30 November 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).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore 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 which might otherwise have been shown cannot be separately identified or quantified.

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.

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Laniakea Estates Ltd
Notes to the Abbreviated Accounts for the Period from 7 November 2014 to 30 November 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		377,116			377,116
At 30 November 2015		377,116			377,116
Depreciation
At 30 November 2015		-			-
Net book value
At 30 November 2015		377,116			377,116

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		30 November 2015 £
After more than five years by instalments		179,000

4	Share capital

Allotted, called up and fully paid shares

	30 November 2015
		No.			£
Ordinary of £1 each		1			1

New shares allotted

During the period 1 Ordinary share having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

5

Control

The company is controlled by Dr Almeera Ahmed who is a director and a 100% shareholder.

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