Larkfell Limited - Period Ending 2015-12-31

Registration number: 01213292

Larkfell Limited Unaudited Abbreviated Accounts for the Year Ended 31 December 2015

Larkfell Limited
Contents

Abbreviated Balance Sheet   1

Notes to the Abbreviated Accounts   2 to 3

Larkfell Limited
(Registration number: 01213292)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Investments		2			1,075,032			1,075,032
Current assets
Debtors					52,949			72,224
Creditors: Amounts falling due within one year					(44,025)			(62,089)
Net current assets					8,924			10,135
Net assets					1,083,956			1,085,167
Capital and reserves
Called up share capital		3			200			200
Profit and loss account					1,083,756			1,084,967
Shareholders' funds					1,083,956			1,085,167

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

For the year ending 31 December 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.

Approved by the Board on 28 September 2016 and signed on its behalf by:

.........................................
Madeleine, Countess of Bessborough
Company secretary and director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Larkfell Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015

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 January 2015).

Fixed asset investments

The company had short-term leasehold property interests which it subscribed to the partnership trading as "New Art Centre Sculpture Park and Gallery" on 1 January 2004.

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.

Page 2

Larkfell Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015

2	Fixed assets

		Investments £			Total £
Cost
At 1 January 2015		1,075,032			1,075,032
At 31 December 2015		1,075,032			1,075,032
Depreciation
At 31 December 2015		-			-
Net book value
At 31 December 2015		1,075,032			1,075,032
At 31 December 2014		1,075,032			1,075,032

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
New Art Centre Sculpture Park and Gallery The same business address as the company.	Share of profit and losses of the partnership	80%	The same business activity as the company.

The profit for the financial period of New Art Centre Sculpture Park and Gallery was £27,095 and the aggregate amount of capital and reserves at the end of the period was £3,867,952.

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		200			200			200			200

Page 3