L-HQ_TRADING_LIMITED - Accounts

L-HQ TRADING LIMITED - Company Information

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Company Registration No. 08771097 (England and Wales)

L-HQ TRADING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

L-HQ TRADING LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

L-HQ TRADING LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF L-HQ TRADING LIMITED FOR THE YEAR ENDED 31 DECEMBER 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L-HQ Trading Limited for the year ended 31 December 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of L-HQ Trading Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of L-HQ Trading Limited and state those matters that we have agreed to state to the Board of Directors of L-HQ Trading Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L-HQ Trading Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that L-HQ Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of L-HQ Trading Limited. You consider that L-HQ Trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of L-HQ Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carpenter Box

10 November 2016

Chartered Accountants

Amelia House

Crescent Road

Worthing

West Sussex

BN11 1QR

L-HQ TRADING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

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2015

2014

Notes

Fixed assets

Intangible assets

Investments

Current assets

Debtors

696,215

240,872

Cash at bank and in hand

172

696,233

241,044

Creditors: amounts falling due within one year

(6,798)

(1,003)

Net current assets

689,435

240,041

Total assets less current liabilities

689,438

240,044

Capital and reserves

Called up share capital

1,304

848

Share premium account

696,021

240,976

Profit and loss account

(7,887)

(1,780)

Shareholders' funds

689,438

240,044

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 8 November 2016

Mr G Nock

Director

Company Registration No. 08771097

L-HQ TRADING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Intellectual property

Intellectual property is valued at cost.

1.3

Investments

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

Fixed assets

Intangible assets

Investments

Total

Cost

At 1 January 2015

Additions

At 31 December 2015

At 31 December 2014

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

Newlands Horizons (UK) Limited

England and Wales

Ordinary

100.00

Newlands Horizons Limited

Cyprus

Ordinary

100.00

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

Newlands Horizons (UK) Limited

Software development.

(392,580)

(367,638)

Newlands Horizons Limited

Software development.

(294,751)

L-HQ TRADING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

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Share capital

2015

2014

Allotted, called up and fully paid

130,329 Ordinary shares of 1p each

1,304

848

During the year 45,550 ordinary shares of £0.01 each were allotted for cash consideration of £10 per share to provide additional working capital.