Accounts Submission

Accounts Submission

LODEQ REALISATIONS LIMITED - Company Information

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LODDON EQUESTRIAN LIMITED

Company Registration Number:
09859304 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 05 November 2015

End date: 31 December 2016

LODDON EQUESTRIAN LIMITED

Abbreviated Balance sheet

As at 31 December 2016


Notes		 14 months to
31 Dec 2016
£
Fixed assets
Intangible assets: 0
Tangible assets: 2 14,289
Total fixed assets: 14,289
Current assets
Stocks: 235,924
Debtors: 61,562
Cash at bank and in hand: 110,672
Total current assets: 408,158
Creditors: amounts falling due within one year: ( 476,121 )
Net current assets (liabilities): ( 67,963 )
Total assets less current liabilities: ( 53,674 )
Creditors: amounts falling due after more than one year: 0
Provision for liabilities: 0
Total net assets (liabilities): ( 53,674 )

The notes form part of these financial statements

LODDON EQUESTRIAN LIMITED

Balance sheet continued

As at 31 December 2016


Notes		 14 months to
31 Dec 2016
£
Capital and reserves
Called up share capital: 3 100
Profit and loss account: ( 53,774 )
Shareholders funds: ( 53,674 )

For the year ending 31 December 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.

The financial statements were approved by the Board of Directors on 14 July 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Johannes Jacobus De Swart
Status: Director

Name: Nicky Josephus Hendrikus Maria De Swart
Status: Director

The notes form part of these financial statements

LODDON EQUESTRIAN LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

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

    Turnover policy

    The turnover represents amounts received or receivable for goods and services provided in the normal course of business, net of VAT and trade discounts.
    Turnover is recognised upon despatch of goods.

    Tangible fixed assets depreciation policy

    Depreciation is calculated at the following rates to write off the cost of an asset, less its residual value, on a straight line basis, over its estimated useful economic lifetime.
    The rates of depreciation used for assets are as follows:
    Motor Vehicles is 33.3% of cost per annum
    Plant and Machinery is 10% of cost per annum
    Computer Equipment is 50% of cost per annum

    Intangible fixed assets amortisation policy

    Amortisation is calculated at the following rates to write off the cost of an asset, less its residual value, over its estimated useful economic lifetime – annual amortisation of goodwill is 25%

    Valuation information and policy

    Inventories are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated using the first in first out method. Net realisable value represents the estimated selling price.

LODDON EQUESTRIAN LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2016

  • 2. Tangible assets

    Total
    Cost £
    Additions: 17,295
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 December 2016: 17,295
    Depreciation
    Charge for year: 3,006
    On disposals: 0
    Other adjustments: 0
    31 December 2016: 3,006
    Net book value
    31 December 2016: 14,289

LODDON EQUESTRIAN LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Current period 14 months to
    31 Dec 2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0 0.00 0
    Total share capital (£): 100