LEMARK_HOLDINGS_LIMITED - Accounts
LEMARK_HOLDINGS_LIMITED - Accounts
Company Registration No. 07125400 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LEMARK HOLDINGS LIMITED FOR THE YEAR ENDED 31 MAY 2016
1
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lemark Holdings Limited for the year ended 31 May 2016 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 Lemark Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 3 May 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Lemark Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Lemark Holdings 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 Lemark Holdings Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Lemark Holdings 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 profit of Lemark Holdings Limited. You consider that Lemark Holdings 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 Lemark Holdings 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.
Knowles Warwick Limited
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2016
2
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Investments
2
Current assets
Debtors
-
Cash at bank and in hand
Creditors: amounts falling due within one year
(17,913 )
(24,026 )
Net current assets
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Director's responsibilities:
-
-
Approved by the Board for issue on 16 February 2017
Director
Company Registration No. 07125400
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
3
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Land and buildings freehold
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 June 2015 & at 31 May 2016
60
250,060
At 31 May 2015
250,060
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
Ordinary
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
2
Fixed assets
(Continued)
4
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
2016
2016
Principal activity
£
£
147,876
84,714
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid