Lakeshore Limited - Abbreviated accounts 16.1
Lakeshore Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016 |
| FOR |
| LAKESHORE LIMITED |
| LAKESHORE LIMITED (REGISTERED NUMBER: 05669703) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| LAKESHORE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Amchins Limited |
| LAKESHORE LIMITED (REGISTERED NUMBER: 05669703) |
| ABBREVIATED BALANCE SHEET |
| 31 JANUARY 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| LAKESHORE LIMITED (REGISTERED NUMBER: 05669703) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 JANUARY 2016 |
| The financial statements were approved by the director on |
| LAKESHORE LIMITED (REGISTERED NUMBER: 05669703) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Income |
| Turnover relates to income from provision of services net of VAT. |
| Tangible fixed assets |
| Freehold property | - |
| Motor vehicles | - |
| Investment property |
| Investment properties are depreciated at 2 percent per annum of the cost. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2015 |
| and 31 January 2016 |
| DEPRECIATION |
| At 1 February 2015 |
| Charge for year |
| At 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| LAKESHORE LIMITED (REGISTERED NUMBER: 05669703) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 February 2015 | 100 |
| Disposals | (100 | ) |
| At 31 January 2016 | - |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Country of incorporation: England and Wales |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary |
| £ | £ |
| Aggregate capital and reserves | - | 552,241 |
| Profit for the year | - | 342,139 |
| The investment in Vivo Technologies was sold to an associated company on 1 September 2015. |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 February 2015 |
| Additions |
| Revaluations |
| At 31 January 2016 |
| DEPRECIATION |
| At 1 February 2015 |
| Charge for year |
| At 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| LAKESHORE LIMITED (REGISTERED NUMBER: 05669703) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| 5. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 2,131,340 | 1,638,648 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | 1 |
| 7. | RELATED PARTY DISCLOSURES |
| Vivo Technologies Limited |
| Associated company |
| The company received property income of 86,500 (2015 - £96,500) from Vivo Technologies Limited, on normal |
| commercial terms. In addition, the company received dividends of £NIL (2015 - £100,000) from Vivo |
| Technologies Limited. |
| 2016 | 2015 |
| £ | £ |
| Amount due (to)/from related party at the balance sheet date | ( |
) |
| Vivo Holdings Ltd |
| Associated company |
| 2016 | 2015 |
| £ | £ |
| Amount due from related party at the balance sheet date |