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UNAUDITED CESSATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2016 |
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LEAFGAIN LIMITED |
REGISTERED NUMBER:
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UNAUDITED CESSATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2016 |
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FOR |
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LEAFGAIN LIMITED |
LEAFGAIN LIMITED (REGISTERED NUMBER: 05240970) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2016 |
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Page |
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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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Chartered Accountants' Report | 5 |
LEAFGAIN LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH JUNE 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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LEAFGAIN LIMITED (REGISTERED NUMBER: 05240970) |
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BALANCE SHEET |
30TH JUNE 2016 |
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2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 2 |
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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 | 5 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
) | ( |
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The director acknowledges his 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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The financial statements were approved by the director on
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LEAFGAIN LIMITED (REGISTERED NUMBER: 05240970) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The company has ceased trading as at the balance sheet date. The financial statements are prepared on a basis |
other than going concern which includes, where appropriate, the write down of the company's assets to net |
realisable value. Provision has been made for any contractual commitment that has become onerous at the |
balance sheet date. |
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The financial statements do not include any provisions for the future costs of terminating the business of the |
company except to the extent that such costs were committed at the balance sheet date. |
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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 January 2015). |
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Turnover |
Turnover represents sales of property. |
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Stocks |
Stock, which consist of freehold properties held for resale, are stated at cost plus legal and other expenses |
incurred or market value, whichever is the lower. |
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2. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Other creditors |
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Directors' loan accounts |
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Accruals and deferred income |
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3. | LOANS |
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An analysis of the maturity of loans is given below: |
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2016 | 2015 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
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4. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2016 | 2015 |
£ | £ |
Bank loans |
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The bank loan is secured by a debenture over the company. |
LEAFGAIN LIMITED (REGISTERED NUMBER: 05240970) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2016 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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6. | ULTIMATE CONTROLLING PARTY |
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The company was controlled by Mr L. Bednash of Valentine & Co who is the appointed liquidator of SGI |
Limited, the Company's parent undertaking. |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
LEAFGAIN LIMITED |
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The following reproduces the text of the report prepared for the director and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other |
primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Leafgain Limited for the year ended 30th June 2016 which comprise the Profit and Loss Account, |
the Balance Sheet and the related notes from the company's accounting records and from information and explanations |
you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the director of Leafgain Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leafgain Limited and state those matters that we have agreed to state to the director of Leafgain Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Leafgain Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leafgain Limited. You consider that Leafgain Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Leafgain Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
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21st October 2016 |