Abbreviated Company Accounts - LINCOMBE ESTATES LIMITED

LINCOMBE ESTATES LIMITED - Company Information

01033409 LINCOMBE ESTATES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 01033409 2013-04-01 2014-03-31 01033409 2014-03-31 01033409 2013-03-31 01033409 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 01033409 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 01033409

LINCOMBE ESTATES LIMITED

Abbreviated Accounts

31 March 2014

LINCOMBE ESTATES LIMITED Registered Number 01033409

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	235,000	235,000
		235,000	235,000
Current assets
Debtors		25,000	188,870
Cash at bank and in hand		427,551	204,317
		452,551	393,187
Creditors: amounts falling due within one year		(157,501)	(126,762)
Net current assets (liabilities)		295,050	266,425
Total assets less current liabilities		530,050	501,425
Total net assets (liabilities)		530,050	501,425
Capital and reserves
Called up share capital	3	100	100
Revaluation reserve		155,220	155,220
Profit and loss account		374,730	346,105
Shareholders' funds		530,050	501,425

For the year ending 31 March 2014 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 12 December 2014

And signed on their behalf by:
NIZZA FLUSS, Director

LINCOMBE ESTATES LIMITED Registered Number 01033409

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

No depreciation is provided for in respect of freehold property.

Other accounting policies
Investment properties

The company's freehold property is included in the Balance Sheet at historical cost. This is not in accordance with the requirements of Statement of Standard Accounting Practice No 19 which requires such properties to be stated at their open market value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 April 2013	235,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	235,000
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	235,000
At 31 March 2013	235,000

Fixed assets

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100