LAROCK_CONSTRUCTION_LIMIT - Accounts

LAROCK CONSTRUCTION LIMITED - Company Information

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Company Registration No. 05698390 (England and Wales)

LAROCK CONSTRUCTION LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

LAROCK CONSTRUCTION LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LAROCK CONSTRUCTION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

Current assets

Debtors

719

813

Cash at bank and in hand

546

2,111

1,265

2,924

Creditors: amounts falling due within one year

(171,695)

(159,588)

Net current liabilities

(170,430)

(156,664)

Total assets less current liabilities

(170,428)

(156,662)

Creditors: amounts falling due after more than one year

(800,096)

(798,196)

(970,524)

(954,858)

Capital and reserves

Called up share capital

300,000

Profit and loss account

(1,270,524)

(1,254,858)

Shareholders' funds

(970,524)

(954,858)

For the financial year ended 31 October 2015 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 year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

Approved by the Board for issue on 6 July 2016

Mr D M Lawrance

Director

Company Registration No. 05698390

LAROCK CONSTRUCTION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 2 -

Accounting policies

1.7

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.8

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).

The financial statements are prepared on a going concern basis which assumes that L Batley Holdings Limited, a fifty percent shareholder in the company, will continue to cover the losses and liabilities.

1.9

Turnover

Turnover represents the value of work completed during the year.

1.10

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Accounting policies

1.11

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.12

Compliance with accounting standards

1.13

Turnover

Turnover represents the value of work completed during the year.

1.14

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.15

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.16

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

LAROCK CONSTRUCTION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 3 -

Fixed assets

Investments

Cost

At 1 November 2014 & at 31 October 2015

At 31 October 2014

The company owns all the share capital of LaRock Developments Ltd, a dormant subsidiary.

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total not repayable by instalments and due in more than five years

800,096

798,196

Share capital

2015

2014

Allotted, called up and fully paid

150,000 Ordinary A Shares of £1 each

150,000

150,000 Ordinary B Shares of £1 each

150,000

300,000

Ultimate parent company

The ultimate control is with L. Batley Holdings Limited who owns 50 percent of the issued share capital of the company and whose financial support the company relies upon.