Line Wall Corporation Limited - Abbreviated accounts 16.3
Line Wall Corporation Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
for |
Line Wall Corporation Limited |
Line Wall Corporation Limited (Registered number: 06698812) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
Page |
Abbreviated Balance Sheet | 1 |
Notes to the Abbreviated Accounts | 2 |
Line Wall Corporation Limited (Registered number: 06698812) |
Abbreviated Balance Sheet |
31 March 2016 |
2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 2 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Share premium |
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. |
The financial statements were approved by the Board of Directors on by: |
Line Wall Corporation Limited (Registered number: 06698812) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 March 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). |
Fixed asset investments |
Fixed asset investments are stated at historical cost less provision for any diminution in 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 ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST OR VALUATION |
At 1 April 2015 | 1,898,040 |
Reversal of diminution | 75,953 |
At 31 March 2016 | 1,973,993 |
NET BOOK VALUE |
At 31 March 2016 |
At 31 March 2015 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
The profit, including revaluations for the financial period of Ashton Investments & Real Estate Ltd was £75,953 |
and the aggregate amount of capital and reserves at the end of the period was £1,973,993. |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | 100 |
4. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Line Corporation Limited. The ultimate controlling party is Mr T P Keegan, Mrs V |
J Davies, Mrs K M Gray and Mr R E F Keegan. |