Abbreviated Company Accounts - LOANGO ESTATES LTD

LOANGO ESTATES LTD - Company Information

03526004 LOANGO ESTATES LTD 2016-03-31 false 2015-04-01 2016-03-31 true 03526004 2015-04-01 2016-03-31 03526004 2016-03-31 03526004 2015-03-31 03526004 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 03526004 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 03526004

LOANGO ESTATES LTD

Abbreviated Accounts

31 March 2016

LOANGO ESTATES LTD Registered Number 03526004

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,624,999	1,613,768
		1,624,999	1,613,768
Current assets
Debtors		553,638	549,196
Cash at bank and in hand		3,420	24,075
		557,058	573,271
Creditors: amounts falling due within one year		(537,265)	(489,156)
Net current assets (liabilities)		19,793	84,115
Total assets less current liabilities		1,644,792	1,697,883
Creditors: amounts falling due after more than one year		(538,548)	(585,108)
Total net assets (liabilities)		1,106,244	1,112,775
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		1,106,144	1,112,675
Shareholders' funds		1,106,244	1,112,775

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 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 December 2016

And signed on their behalf by:
P Berkley, Director

LOANGO ESTATES LTD Registered Number 03526004

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
ACCOUNTING POLICIES:
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Basis of preparation:

The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules.

Cash flow statement:

The company is exempt from the requirement of Financial Reporting Standard No 1 to prepare a cash flow statement as it is entitled to the filing exemptions as a small company.

Turnover policy
TURNOVER AND PROFIT ON ORDINARY ACTIVITIES

Turnover and profit on ordinary activities is attributable to the company's principal activity.

Tangible assets depreciation policy
Depreciation:

Depreciation is provided on tangible assets on the cost of the asset less estimated residual value over the expected useful life as follows :

Motor Vehicles: 20% on reducing balance method

Fixtures & Fittings: 20% on reducing balance method

Improvements to properties: 10% Straight line

No depreciation has been provided in respect of the company's freehold properties as the directors are of the opinion that their total market value at the Balance sheet date was considerably in excess of the net book value, although no professional valuation has been obtained.

2Tangible fixed assets

	£
Cost
At 1 April 2015	2,165,671
Additions	27,843
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	2,193,514
Depreciation
At 1 April 2015	551,903
Charge for the year	16,612
On disposals	-
At 31 March 2016	568,515
Net book values
At 31 March 2016	1,624,999
At 31 March 2015	1,613,768

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100