Lagrange Capital Management Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08534417 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Lagrange Capital Management Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr. I J A Young

REGISTERED OFFICE:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

REGISTERED NUMBER:

08534417 (England and Wales)

ACCOUNTANTS:

Accountants For Traders Limited

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

FIXED ASSETS

Tangible assets

2

15

524

Investments

3

2,064

-

2,079

524

CURRENT ASSETS

Cash at bank and in hand

100

206

CREDITORS

Amounts falling due within one year

11,846

6,340

NET CURRENT LIABILITIES

(11,746

)

(6,134

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,667

)

(5,610

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(9,767

)

(5,710

)

SHAREHOLDERS' FUNDS

(9,667

)

(5,610

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 April 2017 and were signed by:

Mr. I J A Young - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and are in accordance with

applicable accounting standards.

Turnover

Turnover represents net trading gains/losses made during the year.

Tangible fixed assets

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

Computer equipment

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

1,542

DEPRECIATION

At 1 August 2015

1,018

Charge for year

509

At 31 July 2016

1,527

NET BOOK VALUE

At 31 July 2016

15

At 31 July 2015

524

3.	FIXED ASSET INVESTMENTS

The balance held within Fixed Asset Investment represents the company’s capital account outstanding as at the

balance sheet date in ARKE Capital LLP.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

5.	GOING CONCERN

The accounts have been prepared on a going concern basis, despite having net liabilities. As the director, Mr. I J

A Young, intends to support the company until the situation is resolved.