Lodestar Holdings Limited - Period Ending 2014-01-31

Registration number: 00166694

Lodestar Holdings Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2014
 

Lodestar Holdings Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Lodestar Holdings Limited
(Registration number: 00166694)
Abbreviated Balance Sheet at 31 January 2014

		Note			2014 £			2013 £
Fixed assets
Investments					500,100			500,100
Current assets
Debtors					114,940			109,665
Cash at bank and in hand					8,834			4,632
					123,774			114,297
Creditors: Amounts falling due within one year					(22,217)			(31,538)
Net current assets					101,557			82,759
Net assets					601,657			582,859
Capital and reserves
Called up share capital		3			32,450			32,450
Capital redemption reserve					239			239
Profit and loss account					568,968			550,170
Shareholders' funds					601,657			582,859

For the year ending 31 January 2014 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 30 October 2014 and signed on its behalf by:

.........................................
M Randall FCA
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Lodestar Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2014
......... 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 April 2008).

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 assets

		Investments £			Total £
Cost
At 1 February 2013		500,100			500,100
At 31 January 2014		500,100			500,100
Depreciation
At 31 January 2014		-			-
Net book value
At 31 January 2014		500,100			500,100
At 31 January 2013		500,100			500,100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Significant holdings
Lodestar Estates Limited	Ordinary shares	99%	Forestry and estate management and property rentals.

The loss for the financial period of Lodestar Estates Limited was £22,437 and the aggregate amount of capital and reserves at the end of the period was £506,703.

Page 2

Lodestar Holdings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		32,450			32,450			32,450			32,450

4	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

R M Smith (Dividend paid to a director R M Smith) Dividends totalling £24,308 were paid during the year to R M Smith and close family members. At the balance sheet date the amount due from R M Smith was £19,232 (2013 - £18,924).

5

Control

The company is controlled by Mr R M Smith who together with family members own 76% of the called up share capital.

Page 3