LAUNCHACRE_LIMITED - Accounts

LAUNCHACRE LIMITED - Company Information

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Company Registration No. 01959167 (England and Wales)

LAUNCHACRE LIMITED

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 DECEMBER 2014

LAUNCHACRE LIMITED

COMPANY INFORMATION

Directors

R Brandon

B Clark

Company number

01959167

Registered office

Iveco House

Station Road

Watford

WD17 1DL

Accountants

Myers Clark

Egale 1

80 St Albans Road

Watford

Hertfordshire

WD17 1DL

LAUNCHACRE LIMITED

CONTENTS

Page

Directors' report

Balance sheet

Notes to the financial statements

3 - 4

LAUNCHACRE LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 24 DECEMBER 2014

- 1 -

The directors present their report and unaudited financial statements for the year ended 24 December 2014. The company is dormant and has not traded during the year.

Directors

The following directors have held office since 25 December 2013:

R Brandon

B Clark

C D H Carr

(Resigned 31 January 2015)

On behalf of the board

B Clark

Director

27 August 2015

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 24 DECEMBER 2014

The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

LAUNCHACRE LIMITED

BALANCE SHEET

AS AT

24 DECEMBER 2014

- 2 -

2014

2013

Notes

Fixed assets

Tangible assets

8,640

Net current assets

Total assets less current liabilities

8,640

Capital and reserves

Called up share capital

Share premium account

8,622

Shareholders' funds

8,640

Audit exemption statement

For the financial year ended 24 December 2014 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 27 August 2015

B Clark

Director

Company Registration No. 01959167

LAUNCHACRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 DECEMBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Nil

1.4

Deferred taxation

The company is a non-profit making organisation and under present legislation will only be liable for tax on its investment income received. In the opinion of the directors the company will have no deferred tax liabilities.

Tangible fixed assets

Land and buildings

Cost

At 25 December 2013 & at 24 December 2014

8,640

Depreciation

At 25 December 2013 & at 24 December 2014

Net book value

At 24 December 2014

8,640

At 24 December 2013

8,640

Share capital

2014

2013

Authorised

18 Ordinary shares of £1 each

Allotted, called up and fully paid

18 Ordinary shares of £1 each

LAUNCHACRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 24 DECEMBER 2014

- 4 -

Statement of movements on reserves

Share premium account

Profit and loss
account

Balance at 25 December 2013

8,622

Balance at 24 December 2014

8,622

Transactions with directors

All the directors are lessees and pay service charges at the same rate as other lessees. No director was in arrears with service charge at any time during the year.

Control

No individual shareholder has control of the company.