LABRINTH_2013_LIMITED - Accounts

LABRINTH 2013 LIMITED - Company Information

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LABRINTH 2013 LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

Company Registration No. 08506561 (England and Wales)

SHELLEY STOCK HUTTER LLP

Chartered Accountants

1st Floor

7 - 10 Chandos Street

London

W1G 9DQ

LABRINTH 2013 LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

LABRINTH 2013 LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

Notes

Fixed assets

Investments

752,500

Current assets

Debtors

42,831

Cash at bank and in hand

400

43,231

Creditors: amounts falling due within one year

(796,055)

Net current liabilities

(752,824)

Total assets less current liabilities

(324)

Capital and reserves

Called up share capital

Profit and loss account

(327)

Shareholders' funds

(324)

For the financial period ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 1 October 2014

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

Mr D Berko

Director

Company Registration No. 08506561

LABRINTH 2013 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Despite net current liabilities of £752,824, the accounts have been prepared on a going concern basis as the company has the ongoing support from its principal creditors.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable as a member of a limited liability partnership.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Investments

Cost

At 26 April 2013

Additions

752,500

At 31 March 2014

752,500

Share capital

2014

Allotted, called up and fully paid

300 Ordinary Shares of 1p each

On 26 April 2013, £300 Ordinary shares of 1p each were issued at par value.