Leafwood Limited - Abbreviated accounts 16.1
Leafwood Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Leafwood Limited |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016 |
| Leafwood Limited (Registered number: 07365682) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 29 February 2016 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| Leafwood Limited (Registered number: 07365682) |
| ABBREVIATED BALANCE SHEET |
| 29 February 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| Leafwood Limited (Registered number: 07365682) |
| ABBREVIATED BALANCE SHEET - continued |
| 29 February 2016 |
| 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 financial statements were approved by the Board of Directors on |
| Leafwood Limited (Registered number: 07365682) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 29 February 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Tangible fixed assets |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| market value is transferred to a revaluation reserve. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or |
| a right to pay less or to receive more, tax. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
| which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance |
| sheet date. |
| 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. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| and 29 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| and 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| Leafwood Limited (Registered number: 07365682) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 29 February 2016 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 March 2015 |
| Revaluations |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | 1.00 |