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20-26 LAMBS CONDUIT STREET (MANAGEMENT) LIMITED
REGISTERED NUMBER: 6160970
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ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2015
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 14 September 2016.
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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20-26 LAMBS CONDUIT STREET (MANAGEMENT) LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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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 January 2015).
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is not charged on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost of those assets, less their estimated residual value, over their expected useful lives on the following bases:
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2.TANGIBLE FIXED ASSETS
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At 1 January 2015 and 31 December 2015
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At 1 January 2015 and 31 December 2015
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Freehold property is not depreciated on the basis that the directors are of the opinion that the property value is not less than the cost shown in the accounts.
3.SHARE CAPITAL
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100,000 Ordinary shares of £1 each
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Allotted, called up and fully paid
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10 Ordinary shares of £1 each
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Page 2
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20-26 LAMBS CONDUIT STREET (MANAGEMENT) LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
4.DIRECTORS' BENEFITS: ADVANCES, CREDIT AND GUARANTEES
Included in other creditors due within one year is a loan from the director Mr I C Revere amounting to £(150) [2014 - £(450)].
Page 3
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