Langlands Holdings Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05879197 (England and Wales)

LANGLANDS HOLDINGS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Orr

R A M Burnard

Mrs N G Orr

Mrs E A Burnard

REGISTERED OFFICE:

Unit 1B Langlands

Business Park

Uffculme

Devon

EX15 3DA

REGISTERED NUMBER:

05879197 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Tangible assets

2

12,600

-

Investments

3

188,486

201,086

188,486

CURRENT ASSETS

Debtors

1,127

-

Cash at bank

44

259

1,171

259

CREDITORS

Amounts falling due within one year

4

94,962

115,131

NET CURRENT LIABILITIES

(93,791

)

(114,872

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

107,295

73,614

CREDITORS

Amounts falling due after more than one
year

4

10,748

-

NET ASSETS

96,547

73,614

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

96,447

73,514

SHAREHOLDERS' FUNDS

96,547

73,614

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 2 September 2016 and were signed on
its behalf by:

M J Orr - 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).

Turnover

Turnover represents management fees chargeable, net of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on cost

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

15,750

At 31 December 2015

15,750

DEPRECIATION

Charge for year

3,150

At 31 December 2015

3,150

NET BOOK VALUE

At 31 December 2015

12,600

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

188,486

NET BOOK VALUE

At 31 December 2015

188,486

At 31 December 2014

188,486

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Associated company

LCM Environmental Limited

Nature of business: Fuel tank,pipeline removal and cleaning.

%

Class of shares:

holding

Ordinary

50.00

2015

2014

£

Aggregate capital and reserves

535,061

633,006

(Loss)/profit for the year

(97,945

)

189,542

4.

CREDITORS

Creditors include an amount of £ 15,575 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100