Landsdown Investments Limited - Period Ending 2016-03-31

Registration number: 04943718

Landsdown Investments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Dorrington Mundy
Chartered Accountants
5 Beauley Road
Southville
Bristol
BS3 1PX

Landsdown Investments Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Landsdown Investments Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Landsdown Investments Limited for the year ended 31 March 2016 set out on pages 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Landsdown Investments Limited, as a body, in accordance with the terms of our engagement letterdated 1 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of Landsdown Investments Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Landsdown Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Landsdown Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Landsdown Investments Limited. You consider that Landsdown Investments 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 accounts of Landsdown Investments 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 accounts.

......................................

Dorrington Mundy
Chartered Accountants
5 Beauley Road
Southville
Bristol
BS3 1PX

28 November 2016

Page 1

Landsdown Investments Limited
(Registration number: 04943718)
Abbreviated Balance Sheet at 31 March 2016

		Note			31 March 2016 £			31 March 2015 £
Fixed assets
Tangible fixed assets		2			123,469			124,741
Current assets
Cash at bank and in hand					1,542			966
Creditors: Amounts falling due within one year					(18,460)			(28,248)
Net current liabilities					(16,918)			(27,282)
Net assets					106,551			97,459
Capital and reserves
Called up share capital		3			2			2
Revaluation reserve					16,667			17,180
Profit and loss account					89,882			80,277
Shareholders' funds					106,551			97,459

For the year ending 31 March 2016 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 director acknowledges his 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 director on 28 November 2016

.........................................
R Mamuda
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Landsdown Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

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).

Turnover

Turnover represents net invoiced sales, excluding VAT.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class	Depreciation method and rate
Land and Buildings	1% on cost or revalued amounts

Stocks of property are valued at the lower of cost and net realisable value.

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		127,285			127,285
At 31 March 2016		127,285			127,285
Depreciation
At 1 April 2015		2,544			2,544
Charge for the year		1,272			1,272
At 31 March 2016		3,816			3,816
Net book value
At 31 March 2016		123,469			123,469
At 31 March 2015		124,741			124,741

Page 3

Landsdown Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016						31 March 2015
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2

4	Related party transactions

Director's advances and credits

	Year ended 31 March 2016 Advance/ Credit £	Year ended 31 March 2016 Repaid £	1 January 2014 to 31 March 2015 Advance/ Credit £	1 January 2014 to 31 March 2015 Repaid £
R Mamuda
A balance is owed to the director at the year end.	10,343	-	11,113	-

Page 4