Lion Court (Staunton Harold) Limited - Abbreviated accounts 16.3

Lion Court (Staunton Harold) Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 03483377 (England and Wales)



















LION COURT (STAUNTON HAROLD)
LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016






LION COURT (STAUNTON HAROLD)
LIMITED (REGISTERED NUMBER: 03483377)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

LION COURT (STAUNTON HAROLD)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: Mr T Cantrill





SECRETARY: Mrs J Cantrill





REGISTERED OFFICE: Staunton Harold Hall
Melbourne Road Staunton Harold
Ashby De La Zouch
Leicestershire
LE65 1RT





REGISTERED NUMBER: 03483377 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

LION COURT (STAUNTON HAROLD)
LIMITED (REGISTERED NUMBER: 03483377)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 72,517 66,212

CURRENT ASSETS
Debtors 30,546 29,715
Cash at bank and in hand 14,045 9,353
44,591 39,068
CREDITORS
Amounts falling due within one year 42,973 41,834
NET CURRENT ASSETS/(LIABILITIES) 1,618 (2,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,135

63,446

PROVISIONS FOR LIABILITIES 13,807 12,320
NET ASSETS 60,328 51,126

CAPITAL AND RESERVES
Called up share capital 3 8 8
Profit and loss account 60,320 51,118
SHAREHOLDERS' FUNDS 60,328 51,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 2 December 2016 and were signed by:





Mr T Cantrill - Director


LION COURT (STAUNTON HAROLD)
LIMITED (REGISTERED NUMBER: 03483377)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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 net invoiced sales of services, excluding value added tax, except in respect of
service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Assets for hire - 10% on cost
Improvements to property - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

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 April 2015 255,492
Additions 19,196
At 31 March 2016 274,688
DEPRECIATION
At 1 April 2015 189,280
Charge for year 12,891
At 31 March 2016 202,171
NET BOOK VALUE
At 31 March 2016 72,517
At 31 March 2015 66,212

LION COURT (STAUNTON HAROLD)
LIMITED (REGISTERED NUMBER: 03483377)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
8 Ordinary £1 8 8