Lilybank Flats Limited - Limited company - abbreviated - 11.6

Lilybank Flats Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: SC357953(Scotland)













Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

Lilybank Flats Limited

Lilybank Flats Limited (Registered number: SC357953)






Contents of the Abbreviated Accounts
for the Year Ended 30 April 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Lilybank Flats Limited

Company Information
for the Year Ended 30 April 2014







DIRECTORS: C D Richmond
V Richmond





SECRETARY: A H & Co Ltd





REGISTERED OFFICE: 6 Logie Mill
Beaverbank Business Park
Edinburgh
Lothian
EH7 4HG





REGISTERED NUMBER: SC357953(Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Lilybank Flats Limited (Registered number: SC357953)

Abbreviated Balance Sheet
30 April 2014

30.4.14 30.4.13
Notes £    £    £    £   
FIXED ASSETS
Investments 2 100 100

CURRENT ASSETS
Debtors 57,270 40,226
Cash at bank 5 531
57,275 40,757
CREDITORS
Amounts falling due within one year 28,700 12,578
NET CURRENT ASSETS 28,575 28,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,675

28,279

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 28,575 28,179
SHAREHOLDERS' FUNDS 28,675 28,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 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 Board of Directors on 29 January 2015and were signed on its behalf by:





C D Richmond- Director


Lilybank Flats Limited (Registered number: SC357953)

Notes to the Abbreviated Accounts
for the Year Ended 30 April 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis on the assumption that the company will
continue to receive the support of its director.

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 April 2008).

Preparation of consolidated financial statements
The financial statements contain information about Lilybank Flats Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods
different from those in which they are included in the company's accounts. Deferred tax is provided in full on
timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates
that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no
commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 May 2013
and 30 April 2014 100
NET BOOK VALUE
At 30 April 2014 100
At 30 April 2013 100

The company's investments at the balance sheet date in the share capital of companies include the following:

Zennor Developments Ltd
Nature of business: IT consultancy
%
Class of shares: holding
Ordinary 100.00
30.4.14 30.4.13
£    £   
Aggregate capital and reserves 100 100
Profit for the year 48,131 45,226

Lilybank Flats Limited (Registered number: SC357953)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.14 30.4.13
value: £    £   
100 Ordinary £1 100 100

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2014 and
30 April 2013:

30.4.14 30.4.13
£    £   
C D Richmond
Balance outstanding at start of year 16,090 19,001
Amounts advanced 61,130 66,151
Amounts repaid (52,608 ) (69,062 )
Balance outstanding at end of year 24,612 16,090

V Richmond
Balance outstanding at start of year 16,091 19,000
Amounts advanced 61,130 66,151
Amounts repaid (52,608 ) (69,060 )
Balance outstanding at end of year 24,613 16,091