Abbreviated Company Accounts - LORNE HOUSE DEVELOPMENTS LIMITED

LORNE HOUSE DEVELOPMENTS LIMITED - Company Information

Registered Number 02802082

LORNE HOUSE DEVELOPMENTS LIMITED

Abbreviated Accounts

31 July 2015

LORNE HOUSE DEVELOPMENTS LIMITED Registered Number 02802082

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	202,518	202,593
		202,518	202,593
Current assets
Cash at bank and in hand		2,400	2,596
		2,400	2,596
Creditors: amounts falling due within one year		(36,785)	(25,728)
Net current assets (liabilities)		(34,385)	(23,132)
Total assets less current liabilities		168,133	179,461
Creditors: amounts falling due after more than one year		(171,433)	(175,888)
Total net assets (liabilities)		(3,300)	3,573
Capital and reserves
Called up share capital		2	2
Profit and loss account		(3,302)	3,571
Shareholders' funds		(3,300)	3,573

For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 October 2016

And signed on their behalf by:
DEREK WOODHOUSE, Director

LORNE HOUSE DEVELOPMENTS LIMITED Registered Number 02802082

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation has been provided to write off the cost or valuation of all tangible fixed assets over their estimates useful lives on a reducing balance basis at rates considered appropriate by the Board.

Other accounting policies
Going concern and Post Balance sheet event:
At the Balance sheet date the Company had net liabilities of £3300 (2014: N/A); In order to continue trading for at least 12 months the support of the Directors and Members (together representing in excess of 64% of the total creditors by value) is a necessity.
The Board has no reason to believe that such support will not continue and therefore the accounts have been prepared on a going concern basis.
In any event since the Balance sheet date the secured legal charge holder has been fully repaid.

2Tangible fixed assets

	£
Cost
At 30 July 2014	202,933
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	202,933
Depreciation
At 30 July 2014	340
Charge for the year	75
On disposals	-
At 31 July 2015	415
Net book values
At 31 July 2015	202,518
At 29 July 2014	202,593