LTB Ventures Limited Small abbreviated accounts

LTB VENTURES LIMITED - Company Information

FY Private Limited Company Company accounts 2017-05-31 2017-05-31 false true false false false false false false false false false false true true 2015-09-01 true xbrli:pure xbrli:shares iso4217:GBP 09181438 2015-09-01 2016-08-31 09181438 2016-08-31 09181438 uk-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 09181438 uk-bus:Director2 2015-09-01 2016-08-31 09181438 uk-gaap:AllSubsidiaries 2015-09-01 2016-08-31 09181438 uk-bus:OrdinaryShareClass1 2016-08-31 09181438 uk-lang:English 2015-09-01 2016-08-31 09181438 uk-curr:PoundSterling 2015-09-01 2016-08-31

COMPANY REGISTRATION NUMBER 09181438

LTB VENTURES LIMITED

ABBREVIATED ACCOUNTS

31 August 2016

LTB VENTURES LIMITED

ABBREVIATED BALANCE SHEET

31 August 2016

	2016
Note	£	£

CURRENT ASSETS

Debtors	496,975
Cash at bank and in hand	5,196
	----------
	502,171
CREDITORS: Amounts falling due within one year	17,607
	----------
NET CURRENT ASSETS		484,564
		----------
TOTAL ASSETS LESS CURRENT LIABILITIES		484,564

CREDITORS: Amounts falling due after more than one year		476,648
		----------
		7,916
		----------

CAPITAL AND RESERVES

Called up equity share capital	2	1,000
Profit and loss account		6,916
		-------
SHAREHOLDERS' FUNDS		7,916
		-------

For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 31 May 2017 .

Mr W Barry

Company Registration Number: 09181438

LTB VENTURES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 AUGUST 2016

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Compound instruments

Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability.

The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument.

The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.

2. SHARE CAPITAL

Allotted and called up:

	No.	£
Ordinary shares of £ 1 each	1,000	1,000
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