Lohia Limited - Period Ending 2015-11-30

Registration number: 05622820

Lohia Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015
 

GPC Financial Management Ltd
Chartered Management Accountants
5 Fitzhardinge Street
London
W1H 6ED

Lohia Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lohia Limited
for the Year Ended 30 November 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lohia Limited for the year ended 30 November 2015 set out on pages 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 Management Accountants , we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.com.

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

It is your duty to ensure that Lohia Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Lohia Limited. You consider that Lohia Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lohia 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 accounts.

......................................

GPC Financial Management Ltd
Chartered Management Accountants
5 Fitzhardinge Street
London
W1H 6ED

26 August 2016

Page 1

Lohia Limited
(Registration number: 05622820)
Abbreviated Balance Sheet at 30 November 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					3,835,518			3,919,073
Current assets
Debtors					-			2,024
Cash at bank and in hand					2,438			32,631
					2,438			34,655
Creditors: Amounts falling due within one year					(228,764)			(266,706)
Net current liabilities					(226,326)			(232,051)
Total assets less current liabilities					3,609,192			3,687,022
Creditors: Amounts falling due after more than one year					(2,030,758)			(2,029,429)
Net assets					1,578,434			1,657,593
Capital and reserves
Called up share capital		3			100			100
Revaluation reserve					2,407,554			2,407,554
Profit and loss account					(829,220)			(750,061)
Shareholders' funds					1,578,434			1,657,593

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 26 August 2016 and signed on its behalf by:

.........................................
Mr Ranjeet Singh
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Lohia Limited
Notes to the Abbreviated Accounts for the Year Ended 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

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land And buildings	2% on cost
Plant and Machinery	25% on reducing balance

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2014		4,172,975			4,172,975
At 30 November 2015		4,172,975			4,172,975
Depreciation
At 1 December 2014		253,902			253,902
Charge for the year		83,555			83,555
At 30 November 2015		337,457			337,457
Net book value
At 30 November 2015		3,835,518			3,835,518
At 30 November 2014		3,919,073			3,919,073

Page 3

Lohia Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 4