Abbreviated Company Accounts - LICHEN RENEWAL LIMITED

Abbreviated Company Accounts - LICHEN RENEWAL LIMITED


Registered Number 07325881

LICHEN RENEWAL LIMITED

Abbreviated Accounts

31 December 2015

LICHEN RENEWAL LIMITED Registered Number 07325881

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 716,489 711,376
Tangible assets 3 1 1
Investments 4 100 100
716,590 711,477
Current assets
Debtors 52,824 117,855
Cash at bank and in hand 44,479 5,618
97,303 123,473
Creditors: amounts falling due within one year (3,258) (21,098)
Net current assets (liabilities) 94,045 102,375
Total assets less current liabilities 810,635 813,852
Creditors: amounts falling due after more than one year (851,629) (851,629)
Total net assets (liabilities) (40,994) (37,777)
Capital and reserves
Called up share capital 5 500 500
Profit and loss account (41,494) (38,277)
Shareholders' funds (40,994) (37,777)
  • 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2016

And signed on their behalf by:
Ranbir Gill, Director

LICHEN RENEWAL LIMITED Registered Number 07325881

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery - 50% straight line

2Intangible fixed assets
£
Cost
At 1 January 2015 711,376
Additions 5,113
Disposals -
Revaluations -
Transfers -
At 31 December 2015 716,489
Amortisation
At 1 January 2015 -
Charge for the year -
On disposals -
At 31 December 2015 -
Net book values
At 31 December 2015 716,489
At 31 December 2014 711,376
3Tangible fixed assets
£
Cost
At 1 January 2015 1,527
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 1,527
Depreciation
At 1 January 2015 1,526
Charge for the year -
On disposals -
At 31 December 2015 1,526
Net book values
At 31 December 2015 1
At 31 December 2014 1

4Fixed assets Investments
Cost
As at 1st January 2015 - £100.00
As at 31st December 2015 - £100.00

The Company holds 20% or more of the share capital of the following companies:
Lichen Renewal Limited - 100% ordinary shares
Capital and reserves - (£363)
Profit (loss) for the year - (13)

5Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
50,000 Ordinary shares of £0.01 each 500 500