Abbreviated Company Accounts - LINMORE DEVELOPMENTS LIMITED

LINMORE DEVELOPMENTS LIMITED - Company Information

02041911 LINMORE DEVELOPMENTS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 02041911 2013-04-01 2014-03-31 02041911 2014-03-31 02041911 2013-03-31 02041911 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 02041911 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 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 iso4217:GBP shares

Registered Number 02041911

LINMORE DEVELOPMENTS LIMITED

Abbreviated Accounts

31 March 2014

LINMORE DEVELOPMENTS LIMITED Registered Number 02041911

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	12,605	-
Investments	3	790,357	790,357
		802,962	790,357
Current assets
Stocks		160,000	160,000
Debtors		74,750	-
Cash at bank and in hand		9,462	62,721
		244,212	222,721
Creditors: amounts falling due within one year		(632,874)	(627,391)
Net current assets (liabilities)		(388,662)	(404,670)
Total assets less current liabilities		414,300	385,687
Total net assets (liabilities)		414,300	385,687
Capital and reserves
Called up share capital	4	25,000	25,000
Profit and loss account		389,300	360,687
Shareholders' funds		414,300	385,687

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 17 December 2014

And signed on their behalf by:
V Somers, Director

LINMORE DEVELOPMENTS LIMITED Registered Number 02041911

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.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery - 7 years

Valuation information and policy
Investment properties
Investment properties are included in the balance sheet at their open market value in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give s true and fair view of the financial position of the company.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 April 2013	-
Additions	12,605
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	12,605
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	12,605
At 31 March 2013	-

3Fixed assets Investments
The fixed asset investments relate to three properties owned by the company. The value of the properties are currently as per their original costs, as the director feels that the market values of the properties are currently not significantly different from their original costs.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
25,000 Ordinary shares of £1 each	25,000	25,000
25,000 Ordinary shares of £1 each	25,000	25,000