Lhanbryde Operations Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC466127 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2020

for

Lhanbryde Operations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Avery

G Hughes

D Campbell

REGISTERED OFFICE:

32C Kenilworth Road

Bridge of Allan

Stirlingshire

FK9 4EH

REGISTERED NUMBER:

SC466127 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Chartered Tax Advisers

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Investments

4

2

2

CURRENT ASSETS

Debtors

5

64,282

145,079

Cash at bank

28,035

8,596

92,317

153,675

CREDITORS

Amounts falling due within one year

6

84,573

168,695

NET CURRENT ASSETS/(LIABILITIES)

7,744

(15,020

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,746

(15,018

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,646

(15,118

)

SHAREHOLDERS' FUNDS

7,746

(15,018

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2021 and were signed on its behalf by:

S Avery - Director

1.	STATUTORY INFORMATION

Lhanbryde Operations Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable,excluding value added tax, in respect of the provision of services to customers.

Revenue from the provision of professional services is recognised in the period in which the service is provided, the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Group accounts

The company has taken advantage of the exemption available under Section 398 of the Companies Act 2006 not to prepare group accounts on the grounds that the group qualifies as a small sized group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2020

and 31 December 2020

2

NET BOOK VALUE

At 31 December 2020

2

At 31 December 2019

2

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

24,282

50,579

Amounts owed by group undertakings

40,000

52,500

Other debtors

-

42,000

64,282

145,079

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

7,780

20,505

Taxation and social security

27,793

11,797

Other creditors

49,000

136,393

84,573

168,695

7.	RELATED PARTY DISCLOSURES