Law 2457 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04747563 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Law 2457 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R G St J Rowlandson FCA

E T M Rowlandson

SECRETARY:

Finance And Industrial Trust Limited(The)

REGISTERED OFFICE:

Graham House

7 Wyllyotts Place

Potters Bar

Hertfordshire

EN6 2JD

REGISTERED NUMBER:

04747563 (England and Wales)

ACCOUNTANTS:

Grant Thornton UK LLP

Statutory Auditor and Chartered Accountants.

101 Cambridge Science Park

Milton Road

Cambridge

CB4 0FY

FIXED ASSETS

Investments

3

-

431,902

CURRENT ASSETS

Debtors

4

-

7,146,664

CREDITORS

Amounts falling due within one year

5

-

44

NET CURRENT ASSETS

-

7,146,620

TOTAL ASSETS LESS CURRENT LIABILITIES

-

7,578,522

CAPITAL AND RESERVES

Called up share capital

100

264,033

Capital redemption reserve

-

12,518

Retained earnings

(100

)

7,301,971

SHAREHOLDERS' FUNDS

-

7,578,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 18 October 2018 and were signed on its behalf by:

E T M Rowlandson - Director

1.	STATUTORY INFORMATION

Law 2457 Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Law 2457 Limited as an individual company and do not contain

consolidated financial information as the parent of a group. The company is exempt under Section 400 of the

Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary

undertaking are included by full consolidation in the consolidated financial statements of its parent, RO Group

Limited, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive

IncomeIncome Statement, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

431,902

Disposals

(900

)

Impairments

(431,002

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

431,902

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Amounts owed by group undertakings

-

7,146,664

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

-

44

6.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with

wholly owned subsidiaries within the group.

7.	POST BALANCE SHEET EVENTS

There has been no event since the balance sheet date that could materially affect the state of affairs of the company

as at 31 March 2018 or that requires disclosure.

8.	ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is RO Group Limited, a company incorporated in England

and Wales.

Mr R G St J Rowlandson, a director of RO Group Limited and members of his close family, control the company as

a result of them owning and controlling the issued share capital of RO Group Limited.

RO Group Limited is the parent company of the largest and smallest group of which the company is a member for

which consolidated accounts are prepared. Copies of its group accounts can be obtained from Graham House, 7

Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD.