Abbreviated Company Accounts - LAGAN HOLDINGS LIMITED
Abbreviated Company Accounts - LAGAN HOLDINGS LIMITED
Registered Number NI049714
LAGAN HOLDINGS LIMITED
Abbreviated Accounts
30 June 2016
LAGAN HOLDINGS LIMITED Registered Number NI049714
Abbreviated Balance Sheet as at 30 June 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 5 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 30 June 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
And signed on their behalf by:
LAGAN HOLDINGS LIMITED Registered Number NI049714
Notes to the Abbreviated Accounts for the period ended 30 June 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Fixed assets
All fixed assets are initially recorded at cost.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Debtors
Debtors are stated after all known bad debts have been written off and specific provisions have been made against all considered doubtful for collection.
Investments
Fixed asset investments are stated at cost less provision for any diminution in value.
Foreign currencies
The financial statements are expressed in £ sterling. Monetary assets and liabilities denominated in foreign currencies are translated at the rates ruling at the balance sheet date and revenues, costs and non-monetary assets at the exchange rates ruling at the transaction date.
£ | |
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Cost | |
At 1 July 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2016 |
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Depreciation | |
At 1 July 2015 |
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Charge for the year |
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On disposals |
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At 30 June 2016 |
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Net book values | |
At 30 June 2016 | 1,285,200 |
At 30 June 2015 | 1,285,200 |
3Fixed assets Investments
Country of incorporation
or registration and of
Principal Name Activities principal activities Shareholding
Antrim Asphalt Ltd. Holding company Northern Ireland 100%
Irish Asphalt Ltd. Plant hire Republic of Ireland 100%*
Runbury Int. Ltd. Property holding Republic of Ireland 100%*
Linstock Ltd. Property holding Republic of Ireland 100%*
• Held by subsidiary undertaking
2016
£ |
2015
£ |
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Debtors include the following amounts due after more than one year |
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