LAGONDA_NEWCO_B_LIMITED - Accounts

LAGONDA NEWCO B LIMITED - Company Information

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Company Registration No. 05860291 (England and Wales)

LAGONDA NEWCO B LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

LAGONDA NEWCO B LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

LAGONDA NEWCO B LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Current assets

Debtors

Total assets less current liabilities

Capital and reserves

Called up share capital

30,016,141

Profit and loss account

(30,016,141)

Shareholders' funds

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 30 September 2016

Mr D Maxwell

Director

Company Registration No. 05860291

LAGONDA NEWCO B LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

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).

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary of £1 each

30,016,141

Ultimate parent company

The immediate parent company is Lagonda Newco A Limited a company incorporated in Great Britain.

Lagonda Newco A Ltd is part of a small group who's main controlling entity is DPK Real Estate LLP a Limited Liability Partnership incorporated in Great Britain.

The ultimate controlling party is David Maxwell by virtue of his holding in DPK Real Estate LLP.