Lovel Capital Projects Limited - Abbreviated accounts 16.1

Lovel Capital Projects Limited - Abbreviated accounts 16.1

LOVEL CAPITAL PROJECTS LIMITED - Company Information

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REGISTERED NUMBER: 08183673 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Lovel Capital Projects Limited

Lovel Capital Projects Limited (Registered number: 08183673)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Lovel Capital Projects Limited

Company Information
for the Year Ended 31 December 2015







DIRECTORS: P F Lovel
Mrs H M Lovel





SECRETARY: P F Lovel





REGISTERED OFFICE: 22 Molescroft Road
Beverley
East Yorkshire
HU17 7ED





REGISTERED NUMBER: 08183673 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
HULL HU1 2LD
Page 1
Lovel Capital Projects Limited (Registered number: 08183673)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 980,206 -

CURRENT ASSETS
Stocks - 8,829
Debtors 19,467 -
Cash at bank and in hand 38,235 764
57,702 9,593
CREDITORS
Amounts falling due within one year 919,014 12,509
NET CURRENT LIABILITIES (861,312 ) (2,916 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
118,894
(2,916
)

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 118,794 (3,016 )
SHAREHOLDERS' FUNDS 118,894 (2,916 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 15 August 2016 and were signed on its behalf by:





P F Lovel - Director


The notes form part of these abbreviated accounts

Page 2
Lovel Capital Projects Limited (Registered number: 08183673)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company is reliant on the support of it's fellow subsidiaries within the group. This support will continue for
the foreseeable future and for at least the next 12 months, therefore the financial statements have been prepared
on the going concern basis.

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 net invoiced sales of goods, excluding value added tax.

Investment property
In accordance with SSAP 19 investment properties have been revalued and included in the balance sheet at open
market value. The aggregate surplus is transferred to a revaluation reserve; no depreciation or amortisation is
provided. The directors consider that this accounting policy results in the accounts giving a true and fair view.
Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amounts,
which might other wise have been shown, are not considered to be material in the context of these accounts.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

2. INVESTMENT PROPERTY
Total
£   
COST
Additions 980,206
At 31 December 2015 980,206
NET BOOK VALUE
At 31 December 2015 980,206

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

4. ULTIMATE PARENT COMPANY

Lovel Property Holdings Limited is regarded by the directors as being the company's ultimate parent company.

5. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Lovel & Mrs H Lovel who own the entire share capital of Lovel Property
Holdings Limited.

Page 3