Lincoln County Assembly Rooms Company Accounts

LINCOLN COUNTY ASSEMBLY ROOMS - Company Information

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COMPANY REGISTRATION NUMBER: 06978463

Lincoln County Assembly Rooms

Company Limited by Guarantee

Unaudited Financial Statements

For the year ended

5 April 2017

Lincoln County Assembly Rooms

Company Limited by Guarantee

Financial Statements

Year ended 5 April 2017

Contents	Page

Directors' report	1

Statement of financial position	3

Notes to the financial statements	4

Lincoln County Assembly Rooms

Company Limited by Guarantee

Directors' Report

Year ended 5 April 2017

The directors present their report and the unaudited financial statements of the company for the year ended 5 April 2017 .

The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.

Directors

The directors who served the company during the year were as follows:

Sir S W F Benton Jones
J F Fane
S B Playne
W J E Price
R J Tollemache

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 13 December 2017 and signed on behalf of the board by:

W J E Price

Director

Registered office:

Tower House

Lucy Tower Street

Lincoln

LN 1XW

Lincoln County Assembly Rooms

Company Limited by Guarantee

Statement of Financial Position

5 April 2017

	2017		2016
Note	£	£	£

Fixed assets

Investments	5		1	1

Creditors: amounts falling due within one year	6	1		1
		----		----
Net current liabilities			1	1
			----	----
			–	–
			----	----

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The company did not trade during the current year or prior year and has not made either a profit or loss.

For the year ending 5 April 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 December 2017 , and are signed on behalf of the board by:

W J E Price

Director

Company registration number: 06978463

Lincoln County Assembly Rooms

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 5 April 2017

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, LN 1XW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 6 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in members funds during the current year or prior year.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

4. Company limited by guarantee

The company has no share capital but is limited by guarantee.

5. Investments

	Shares in group undertakings
	£
Cost
At 6 Apr 2016 and 5 Apr 2017	1
	----
Impairment
At 6 Apr 2016 and 5 Apr 2017	–
	----

Carrying amount
At 5 April 2017	1
	----

The company owns 100% of the issued share capital of the Lincoln Assembly Rooms Limited, a dormant company.

6. Creditors: amounts falling due within one year

	2017	2016
	£	£
Other creditors	1	1
	----	----

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 6 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.