E.A. Lonergan Ltd - Period Ending 2014-03-31

Registration number: NI027399

E.A. Lonergan Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

E.A. Lonergan Ltd
(Registration number: NI027399)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			839,449			-
Current assets
Debtors					10,731			-
Cash at bank and in hand					129,465			2
					140,196			2
Creditors: Amounts falling due within one year					(81,249)			-
Net current assets					58,947			2
Total assets less current liabilities					898,396			2
Creditors: Amounts falling due after more than one year					(910,000)			-
Net (liabilities)/assets					(11,604)			2
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(11,606)			-
Shareholders' (deficit)/funds					(11,604)			2

For the year ending 31 March 2014 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.
 

The notes on pages 3 to 4 form an integral part of these financial statements.
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E.A. Lonergan Ltd
(Registration number: NI027399)
Abbreviated Balance Sheet at 31 March 2014
......... continued

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 22 December 2014 and signed on its behalf by:

.........................................
Mrs Ciara Teresa Lewis
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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E.A. Lonergan Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... 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 April 2008).

Rental income

Rental income represents total invoiced amounts for the accounting period net of value added tax.

Investment properties

Investment properties are accounted for in accordance with the requirements of SSAP 19. They are included in the balance sheet at their open market value as at the balance sheet date. Depreciation is not provided on investment properties. Whilst this may be a departure from the requirements of the Companies Act 2006, the directors consider that systematic annual depreciation is not warranted on the basis that the properties are held for investment rather than consumption. The accounting policy adopted is therefore necessary to give a true and fair view.

Deferred tax

Deferred tax is accounted for on all material differences arising from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Provision is only made in respect of tax liabilities arising on a disposal of investment properties if such an event is likely to arise in the foreseeable future.

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E.A. Lonergan Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		839,449			839,449
At 31 March 2014		839,449			839,449
Depreciation
At 31 March 2014		-			-
Net book value
At 31 March 2014		839,449			839,449

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

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