Lentone Limited - Period Ending 2016-11-30

Lentone Limited - Period Ending 2016-11-30


Lentone Limited07865326falsetrue2015-12-012016-11-302016-11-30078653262015-12-012016-11-30078653262016-11-3007865326uk-bus:OrdinaryShareClass1uk-bus:CumulativeShares2016-11-3007865326uk-bus:PreferenceShareClass1uk-bus:CumulativeRedeemableShares2016-11-3007865326uk-bus:Director22015-12-012016-11-3007865326uk-bus:OrdinaryShareClass1uk-bus:CumulativeShares2015-12-012016-11-3007865326uk-bus:PreferenceShareClass1uk-bus:CumulativeRedeemableShares2015-12-012016-11-3007865326uk-bus:EntityAccountantsOrAuditors2015-12-012016-11-3007865326uk-gaap:LandBuildings2015-12-012016-11-30078653262015-11-30078653262015-11-3007865326uk-bus:OrdinaryShareClass1uk-bus:CumulativeShares2015-11-3007865326uk-bus:PreferenceShareClass1uk-bus:CumulativeRedeemableShares2015-11-30iso4217:GBPxbrli:shares

Registration number: 07865326

Lentone Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Wincham Accountants Limited
Wincham House
Back Lane
Greenfield Farm Trad Estate
Congleton
Cheshire
CW12 4TR

 

Lentone Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Lentone Limited
(Registration number: 07865326)
Abbreviated Balance Sheet at 30 November 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

189,381

   

189,381

 

Current assets

 

             

Cash at bank and in hand

 

   

2,534

   

2,031

 

Creditors: Amounts falling due within one year

 

   

(21,800)

   

(11,029)

 

Net current liabilities

 

   

(19,266)

   

(8,998)

 

Total assets less current liabilities

 

   

170,115

   

180,383

 

Creditors: Amounts falling due after more than one year

 

   

(44,962)

   

(44,962)

 

Net assets

 

   

125,153

   

135,421

 

Capital and reserves

 

             

Called up share capital

 

3

   

171,354

   

171,354

 

Profit and loss account

 

   

(46,201)

   

(35,933)

 

Shareholders' funds

 

   

125,153

   

135,421

 

For the year ending 30 November 2016 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 28 February 2017 and signed on its behalf by:

.........................................
Mrs Madge Noblet
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Lentone Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The accounts have been prepared on a going concern basis.

Turnover

Turnover (shown as other operating income) represents the amount receivable in respect of property rental.

Depreciation

Depreciation is charged across the expected economic life of the assets with reference to the residual values

Asset class

Depreciation method and rate

Freehold Property

No Depreciation

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortissation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.




Foreign currency

Foreign currency transactions are recorded at the exchange rate ruling on the date of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the retranslation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies, are recognised in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Lentone Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 December 2015

 

189,381

   

189,381

 

At 30 November 2016

 

189,381

   

189,381

 

Depreciation

           

At 30 November 2016

 

-

   

-

 

Net book value

           

At 30 November 2016

 

189,381

   

189,381

 

At 30 November 2015

 

189,381

   

189,381

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary Shares of £1 each

 

2

   

2

   

2

   

2

 

Redeemable Preference Shares of £1 each

 

171,352

   

171,352

   

171,352

   

171,352

 
   

171,354

   

171,354

   

171,354

   

171,354

 

Redeemable preference shares

The Redeemable Preference Shares are redeemable at the option of the company. They are redeemable at £1 per share and carry full voting rights.

4

Control

The company is controlled by neither the Directors or Shareholdersno individual owns more than 50% of the share capital; therefore, there is no ultimate control.