Abbreviated Company Accounts - LANDMARK VIRTUAL OFFICES LIMITED

LANDMARK VIRTUAL OFFICES LIMITED - Company Information

03616380 LANDMARK VIRTUAL OFFICES LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 03616380 2013-01-01 2013-12-31 03616380 2013-12-31 03616380 2012-12-31 03616380 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 03616380 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2013-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 03616380

LANDMARK VIRTUAL OFFICES LIMITED

Abbreviated Accounts

31 December 2013

LANDMARK VIRTUAL OFFICES LIMITED Registered Number 03616380

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	-	40,395
		-	40,395
Current assets
Debtors	3	152,463	111,753
Cash at bank and in hand		127,965	71,643
		280,428	183,396
Creditors: amounts falling due within one year		(521,562)	(525,351)
Net current assets (liabilities)		(241,134)	(341,955)
Total assets less current liabilities		(241,134)	(301,560)
Total net assets (liabilities)		(241,134)	(301,560)
Capital and reserves
Called up share capital	4	3,600	3,600
Profit and loss account		(244,734)	(305,160)
Shareholders' funds		(241,134)	(301,560)

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 September 2014

And signed on their behalf by:
Mr P Onwuanibe, Director

LANDMARK VIRTUAL OFFICES LIMITED Registered Number 03616380

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property - 33% straight line
Fixtures & Fittings - 20% reducing balance
Computer Equipment - 33% reducing balance

Other accounting policies
Pension costs

The company operates a defined contribution pension scheme for employees and directors. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

One director is accruing benefits under a money purchase scheme (2012.- one).

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

GOING CONCERN

The company has an insolvent balance sheet for both the current and previous years. The directors and Landmark Virtual Offices Limited (Mauritius) have pledged their continued support for the company and accordingly the accounts have been prepared on a going concern basis, which in the circumstances appears appropriate.

2Tangible fixed assets

	£
Cost
At 1 January 2013	155,813
Additions	2,500
Disposals	(158,313)
Revaluations	-
Transfers	-
At 31 December 2013	0
Depreciation
At 1 January 2013	115,418
Charge for the year	9,772
On disposals	(125,190)
At 31 December 2013	0
Net book values
At 31 December 2013	0
At 31 December 2012	40,395

3Debtors

	2013 £	2012 £
Debtors include the following amounts due after more than one year	96,000	0

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 A Ordinary shares of £1 each	100	100
3,500 B Ordinary shares of £1 each	3,500	3,500
79,900 Preference shares of £1 each	79,900	79,900

The shareholders have the right to redeem the issued preference shares at par, at the earliest of 31st October 2003, with no latest redemption date.

During the year an 8% dividend was paid in respect of all preference shares in issue.

Following the adoption of FRS 25 as detailed in the accounting policies note, the company's preference shares have been reclassified as liabilities rather than equity, the resultant difference between the balance sheet share capital of £3,600 and the above figure of £83,500 is due entirely to 79,900 non-equity preference shares.