Company No: 11351466 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Unaudited Financial Statements

DIRECTORS	Joanne Brimecombe
	Lee Brimecombe
REGISTERED OFFICE	3 The Venture Centre
	Yeoford Way
	Matford Park
	Exeter
	Devon
	EX2 8LB
	United Kingdom
COMPANY NUMBER	11351466(England and Wales)
CHARTERED ACCOUNTANTS	Bishop Fleming LLP
	Stratus House
	Emperor Way
	Exeter Business Park
	Exeter
	EX1 3QS

		2021		2020
	Note	£		£
Fixed assets
Investments	3	50		50
		50		50
Current assets
Debtors	4	100		100
		100		100
Creditors
Amounts falling due within one year	5	( 50)		( 50)
Net current assets		50		50
Total assets less current liabilities		100		100
Net assets		100		100
Capital and reserves
Called-up share capital	6	100		100
Total shareholders' funds		100		100

For the financial year ending 31 May 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of LBJB Limited (registered number: 11351466) were approved and authorised for issue by the Board of Directors on 26 November 2021. They were signed on its behalf by:

Joanne Brimecombe Director

Lee Brimecombe Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.

General information and basis of accounting

LBJB Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 The Venture Centre, Yeoford Way, Matford Park, Exeter, Devon, EX2 8LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of LBJB Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2021		2020
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

	Investments in associates		Total
	£		£
Carrying value before impairment
At 01 June 2020	50		50
At 31 May 2021	50		50
Provisions for impairment
At 01 June 2020	0		0
At 31 May 2021	0		0
Carrying value at 31 May 2021	50		50
Carrying value at 31 May 2020	50		50

4. Debtors

	2021		2020
	£		£
Other debtors	100		100

5. Creditors: amounts falling due within one year

	2021		2020
	£		£
Amounts owed to associates	50		50

6. Called-up share capital

	2021		2020
	£		£
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each	100		100

7. Related party transactions

Transactions with the entity's directors

	2021		2020
	£		£
Dividends	43,000		33,100