Lodstone Investments Limited - Limited company - abbreviated - 11.0.0
Lodstone Investments Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31st December 2013 |
for |
LODSTONE INVESTMENTS LIMITED |
LODSTONE INVESTMENTS LIMITED (REGISTERED NUMBER: 06885486) |
Contents of the Abbreviated Accounts |
for the year ended 31st December 2013 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 5 |
LODSTONE INVESTMENTS LIMITED |
Company Information |
for the year ended 31st December 2013 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Lodstone Investments Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Lodstone Investments Limited for the year ended 31st December 2013 which comprise the Profit and Loss Account, |
the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have |
given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical |
and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Lodstone Investments Limited, as a body, in accordance with our terms of |
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lodstone Investments |
Limited and state those matters that we have agreed to state to the Board of Directors of Lodstone Investments Limited, as a body, |
in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not |
accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this |
report. |
It is your duty to ensure that Lodstone Investments Limited has kept adequate accounting records and to prepare statutory financial |
statements that give a true and fair view of the assets, liabilities, financial position and profit of Lodstone Investments Limited. You |
consider that Lodstone Investments Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Lodstone Investments Limited. For this |
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have |
given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
26th August 2014 |
LODSTONE INVESTMENTS LIMITED (REGISTERED NUMBER: 06885486) |
Abbreviated Balance Sheet |
31st December 2013 |
31.12.13 | 31.12.12 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
LODSTONE INVESTMENTS LIMITED (REGISTERED NUMBER: 06885486) |
Abbreviated Balance Sheet - continued |
31st December 2013 |
The financial statements were approved by the Board of Directors on |
LODSTONE INVESTMENTS LIMITED (REGISTERED NUMBER: 06885486) |
Notes to the Abbreviated Accounts |
for the year ended 31st December 2013 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective April 2008). |
Turnover |
Turnover represents rental income receivable from tenants. |
Investment property |
In accordance with SSAP 19: |
(i) investment properties are revalued annually and the aggregate surplus or deficit is transferred to a |
revaluation reserve; and |
(ii) no depreciation or amortisation is provided in respect of investment properties. |
The Companies Act 2006 requires tangible fixed assets to be depreciated over their estimated useful economic lives. |
However, investment properties are held for investment rather than consumption; the directors therefore consider that |
depreciation would not be appropriate in this case and that the accounting policy adopted is necessary for the accounts to |
show a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount |
which might otherwise have been shown cannot be separately identified. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
2. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1st January 2013 |
and 31st December 2013 |
NET BOOK VALUE |
At 31st December 2013 |
At 31st December 2012 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.13 | 31.12.12 |
value: | £ | £ |
Ordinary | 1 |