Lakeland Moon Limited Company Accounts

LAKELAND MOON LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07634648

Lakeland Moon Limited

Filleted Unaudited Financial Statements

31 May 2017

Lakeland Moon Limited

Financial Statements

Year ended 31 May 2017

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Lakeland Moon Limited

Statement of Financial Position

31 May 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	4	23,533	10,000
Cash at bank and in hand		1,392	–
		--------	--------
		24,925	10,000

Creditors: amounts falling due within one year	5	( 15,000)		–
		--------		--------
Net current assets			9,925	10,000
			-------	--------
Total assets less current liabilities			9,925	10,000
			-------	--------

Lakeland Moon Limited

Statement of Financial Position (continued)

31 May 2017

	2017		2016
Note	£	£	£

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	( 75)	–
	--------	--------
Shareholders funds	9,925	10,000
	--------	--------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 23 February 2018 , and are signed on behalf of the board by:

Mr M Pennington

Director

Company registration number: 07634648

Lakeland Moon Limited

Notes to the Financial Statements

Year ended 31 May 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Lowther Street, Kendal, Cumbria, England, LA9 4DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, '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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Debtors

	2017	2016
	£	£
Other debtors	23,533	10,000
	--------	--------

Other debtors include an amount for unpaid share capital totalling £10,000 (2016: £10,000).

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Penningtons (Kendal) Ltd - minority shareholder	15,000	–
	--------	----

6. Directors' advances, credits and guarantees

The directors were not advanced any amounts during the period.

7. Related party transactions

Other debtors include an intercompany account with The Kendal Mint Cake Company totalling £13,533 (2016: £–) which is a company owned and controlled by Mr M Pennington who is majority shareholder of Lakeland Moon Ltd. No transactions with related parties were undertaken, other than disclosed in the notes, such as are required to be disclosed under the FRS102 Section 1A.