|
|
|
LONDON LAW & LAND LIMITED
REGISTERED NUMBER:
02178224
|
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CREDITORS:
amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act")
and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by
:
Page 1
|
|
|
|
LONDON LAW & LAND LIMITED
|
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
1.
ACCOUNTING POLICIES
|
|
Basis of preparation of financial statements
|
|
|
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)
.
|
|
|
The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
|
|
|
|
|
|
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
|
|
|
Tangible fixed assets and depreciation
|
|
|
|
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
|
|
|
|
|
|
|
|
|
Investments held as fixed assets are shown at cost less provision for impairment.
|
|
|
|
|
|
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Page 2
|
|
|
|
LONDON LAW & LAND LIMITED
|
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
2.
TANGIBLE FIXED ASSETS
3.
FIXED ASSET INVESTMENTS
|
|
|
|
|
|
|
At 1 October 2013 and 30 September 2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsidiary undertakings
The following were subsidiary undertakings of the company:
|
|
Forge Architect and Surveyors Limited
|
|
|
The aggregate of the share capital and reserves as at the relevant financial year end and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
|
|
|
Aggregate of share capital and reserves
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forge Architect and Surveyors Limited
- financial year end 30 June
|
|
|
Page 3
|
|
|
|
LONDON LAW & LAND LIMITED
|
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
4.
CREDITORS:
Amounts falling due within one year
The bank loans are secured by the personal guarantee of the director, T J Wood and a fixed and floating charge over the assets of the company.
5.
SHARE CAPITAL
|
|
|
|
|
|
|
|
|
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
10,000
Ordinary
shares of £
1
each
|
|
|
|
|
2,500
B
shares of £
1
each
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 4
|