Lees-Milne Investments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09312360 (England and Wales)

LEES-MILNE INVESTMENTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 14TH NOVEMBER 2014 TO 31ST MARCH 2016

Page

Company Information

1

Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTORS:

S Tennant

R E W Robinson

A J M Bracey

REGISTERED OFFICE:

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

REGISTERED NUMBER:

09312360 (England and Wales)

ACCOUNTANTS:

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Lees-Milne Investments Limited for the period ended 31st March 2016

which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Lees-Milne Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lees-Milne Investments Limited and state those matters that we have agreed to state to the Board of Directors of Lees-Milne Investments Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lees-Milne Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lees-Milne Investments Limited. You consider that Lees-Milne Investments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Lees-Milne Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

5th August 2016

FIXED ASSETS

Investments

2

2,602,622

CURRENT ASSETS

Debtors

326

CREDITORS

Amounts falling due within one year

(1,800

)

NET CURRENT LIABILITIES

(1,474

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,601,148

CREDITORS

Amounts falling due after more than one year

3

(2,596,594

)

NET ASSETS

4,554

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

(330

)

Profit and loss account

4,784

SHAREHOLDERS' FUNDS

4,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2016 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 3rd August 2016 and were signed on its behalf by:

R E W Robinson - 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 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.

Fixed asset investments

Fixed asset investments are held at market value.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

Cost

Additions

2,602,622

At 31st March 2016

2,602,622

Net book value

At 31st March 2016

2,602,622

3.

CREDITORS

Creditors include an amount of £ 2,596,594 for which security has been given.

They also include the following debts falling due in more than five years:

£

Repayable otherwise than by instalments

2,596,594

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A

£1

100

5.	ULTIMATE CONTROLLING PARTY