LUDLOW_HOLDINGS_LIMITED - Accounts

LUDLOW HOLDINGS LIMITED - Company Information

Print Friendly Version

Company Registration No. 00992460 (England and Wales)

LUDLOW HOLDINGS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

LUDLOW HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LUDLOW HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

1,372,138

1,252,650

Current assets

Debtors

15,229

Cash at bank and in hand

15,233

Creditors: amounts falling due within one year

(5,121)

Net current assets/(liabilities)

15,233

(5,113)

Total assets less current liabilities

1,387,371

1,247,537

Capital and reserves

Called up share capital

20,001

Revaluation reserve

1,011,438

891,950

Profit and loss account

355,932

335,586

Shareholders' funds

1,387,371

1,247,537

For the financial year ended 31 December 2015 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 year 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 26 September 2016

J C H Ludlow

Director

Company Registration No. 00992460

LUDLOW HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Investments

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

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost or valuation

At 1 January 2015

1,252,650

Revaluation

119,488

At 31 December 2015

1,372,138

At 31 December 2014

1,252,650

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Pacemanor Limited

England & Wales

Ordinary

100.00

Participating interests

Broadwater Investments Limited

England & Wales

Ordinary

35.00

LUDLOW HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Pacemanor Limited

Investment property management

1,152,040

94,486

Broadwater Investments Limited

Investment property management

786,063

27,864

Share capital

2015

2014

Allotted, called up and fully paid

20,001 Ordinary of £1 each

20,001