Lodstone Investments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06885486 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2015

for

LODSTONE INVESTMENTS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

J S Rees

M J Rees

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

06885486 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Lodstone Investments Limited for the year ended 31st December 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations

you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Lodstone Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lodstone Investments Limited and state those matters that we have agreed to state to the Board of Directors of Lodstone Investments Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lodstone Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lodstone Investments Limited. You consider that Lodstone Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lodstone Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

30th August 2016

FIXED ASSETS

Investment property

2

220,000

CURRENT ASSETS

Cash at bank

29,549

24,349

CREDITORS

Amounts falling due within one year

1,956

2,202

NET CURRENT ASSETS

27,593

22,147

TOTAL ASSETS LESS CURRENT LIABILITIES

247,593

242,147

CREDITORS

Amounts falling due after more than one year

155,997

NET ASSETS

91,596

86,150

CAPITAL AND RESERVES

Called up share capital

3

Revaluation reserve

17,200

Profit and loss account

74,393

68,947

SHAREHOLDERS' FUNDS

91,596

86,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 30th August 2016 and were signed on its behalf by:

J S Rees - 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 January 2015).

Turnover

Turnover represents rental income receivable from tenants.

Investment property

In accordance with SSAP 19:

(i) investment properties are revalued annually and the aggregate surplus or deficit is transferred to a

revaluation reserve; and

(ii) no depreciation or amortisation is provided in respect of investment properties.

The Companies Act 2006 requires tangible fixed assets to be depreciated over their estimated useful economic lives.

However, investment properties are held for investment rather than consumption; the directors therefore consider that

depreciation would not be appropriate in this case and that the accounting policy adopted is necessary for the accounts

to show a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the

amount which might otherwise have been shown cannot be separately identified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date, except that the recognition of deferred tax asset is limited to the extent that the company anticipates making

sufficient taxable profits in future to absorb the reversal of the underlying timing differences. Deferred tax balances are

not discounted.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1st January 2015

and 31st December 2015

220,000

NET BOOK VALUE

At 31st December 2015

220,000

At 31st December 2014

220,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

3

Ordinary

£1

3