W Lancaster & Co Limited - Limited company - abbreviated - 11.0.0
W Lancaster & Co Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31 January 2014 |
| for |
| W Lancaster & Co Limited |
| W Lancaster & Co Limited (Registered number: 00113905) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 January 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| W Lancaster & Co Limited |
| Company Information |
| for the Year Ended 31 January 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Registered Auditors |
| W Lancaster & Co Limited (Registered number: 00113905) |
| Abbreviated Balance Sheet |
| 31 January 2014 |
| 31.1.14 | 31.1.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Other reserves |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| W Lancaster & Co Limited (Registered number: 00113905) |
| Abbreviated Balance Sheet - continued |
| 31 January 2014 |
| The financial statements were approved by the Board of Directors on behalf by: |
| W Lancaster & Co Limited (Registered number: 00113905) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 January 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover comprises income derived from the provision of furnished holiday letting accommodation |
| and ancillary services. Revenue is recognised once a customers stay at the accommodation is |
| complete. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| No depreciation is provided on freehold buildings used to provide holiday letting accommodation |
| because the useful lives and residual values of such buildings are considered to be such that any |
| depreciation would not be material. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a money purchase pension scheme for directors and employees. The scheme's |
| funds are administered by trustees and are independent of the company's finances. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2013 |
| Additions |
| At 31 January 2014 |
| DEPRECIATION |
| At 1 February 2013 |
| Charge for year |
| At 31 January 2014 |
| NET BOOK VALUE |
| At 31 January 2014 |
| At 31 January 2013 |
| W Lancaster & Co Limited (Registered number: 00113905) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 January 2014 |
| 3. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 31.1.14 | 31.1.13 |
| £ | £ |
| Repayable by instalments | 150,000 | 100,000 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.14 | 31.1.13 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 January 2014 and |
| 31 January 2013: |
| 31.1.14 | 31.1.13 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |