Abbreviated Company Accounts - L.C.LAMERTON LIMITED
Abbreviated Company Accounts - L.C.LAMERTON LIMITED
Registered Number 00331894
L.C.LAMERTON LIMITED
Abbreviated Accounts
23 September 2016
L.C.LAMERTON LIMITED Registered Number 00331894
Abbreviated Balance Sheet as at 23 September 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Creditors: amounts falling due within one year | 3 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 3 |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 23 September 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
And signed on their behalf by:
L.C.LAMERTON LIMITED Registered Number 00331894
Notes to the Abbreviated Accounts for the period ended 23 September 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures, fittings & equipment - 10% per annum on costs
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Other accounting policies
£ | |
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Cost | |
At 24 September 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 23 September 2016 |
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Depreciation | |
At 24 September 2015 |
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Charge for the year |
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On disposals |
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At 23 September 2016 |
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Net book values | |
At 23 September 2016 | 1,500,000 |
At 23 September 2015 | 1,500,000 |
2016
£ |
2015
£ |
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Secured Debts |
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