Lionrule Commercial Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03317640 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2013

for

LIONRULE COMMERCIAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N Sheinfeld

S Morgenstern

SECRETARY:

N Sheinfeld

REGISTERED OFFICE:

5 North End Road

London

NW11 7RJ

REGISTERED NUMBER:

03317640 (England and Wales)

ACCOUNTANTS:

Martin + Heller

Chartered Accountants

5 North End Road

London

NW11 7RJ

FIXED ASSETS

Investment property

2

82,406

82,406

CURRENT ASSETS

Debtors

6,189

4,398

CREDITORS

Amounts falling due within one year

89,483

87,330

NET CURRENT LIABILITIES

(83,294

)

(82,932

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(888

)

(526

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(988

)

(626

)

SHAREHOLDERS' FUNDS

(888

)

(526

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 September 2014 and were signed on its behalf by:

S Morgenstern - Director

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).

Investment property

Investment properties are revalued annually and included in the balance sheet at their open market values. Any

aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. In

accordance with SSAP 19, no depreciation is provided in respect of investment properties. This represents a

departure from Companies Act 1985 requirements concerning fixed assets. These properties are held for

investment and the directors consider that the adoption of this policy is necessary to give a true and fair view.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 November 2012

and 31 October 2013

82,406

NET BOOK VALUE

At 31 October 2013

82,406

At 31 October 2012

82,406

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

£

100

Ordinary Shares

£1

100

100

4.	ULTIMATE PARENT COMPANY