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Unaudited Financial Statements for the Year Ended 31 December 2019 |
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Love Lane Investments Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2019 |
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for |
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Love Lane Investments Limited |
Love Lane Investments Limited (Registered number: 00806646) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Love Lane Investments Limited |
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Company Information |
for the Year Ended 31 December 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
104 Henniker Gate |
Chelmsford |
Essex |
CM2 6SB |
Love Lane Investments Limited (Registered number: 00806646) |
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Balance Sheet |
31 December 2019 |
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31/12/19 | 31/12/18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
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Love Lane Investments Limited (Registered number: 00806646) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
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1. | STATUTORY INFORMATION |
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Love Lane Investments Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
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. |
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Tangible fixed assets |
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Fixtures, fittings and equipment | 25% straight line |
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Going concern |
The financial statements have been prepared on a going concern basis. This assumes that the company continues |
to receive support from its parent undertaking, Federated Investments LLP. A letter of support has been received |
from the parent undertaking indicating that it will continue to provide financial support to the company for at |
least twelve months from the date of approval of these financial statements. |
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If the company were unable to continue in operational existence for the foreseeable future, adjustments would |
have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further |
liabilities that might arise and to reclassify fixed assets and long term liabilities to current assets and current |
liabilities. |
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Investments |
Fixed asset investments are stated at cost less provision for impairment. |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
Fittings |
& Equipment |
£ |
COST |
At 1 January 2019 |
and 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
and 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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Love Lane Investments Limited (Registered number: 00806646) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2019 |
and 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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Unlisted Investments |
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Included in the unlisted investments are two 'fine and rare mascots' which were valued by Bonhams on 2nd June |
2015 at £6,500 for auction purposes. |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/19 | 31/12/18 |
£ | £ |
Amounts owed to group undertakings |
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Other creditors |
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As at 31 December 2016 the balance outstanding included within 'Amounts owed to group undertakings' was of |
£2,388,082 (2018 : £2,388,082) owed to Federated Investments LLP. This is unsecured interest free and |
repayable upon demand. |
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6. | ULTIMATE CONTROLLING PARTY |
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The company's ultimate and immediate parent undertaking and controlling party is Federated Investments LLP, |
an entity registered and incorporated in England and Wales.The registered office of Federated Investments LLP |
is 15 Great College Street, London, SW1P 3RX. |