REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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LONDON CAPITAL FUNDCO 1 LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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LONDON CAPITAL FUNDCO 1 LIMITED |
LONDON CAPITAL FUNDCO 1 LIMITED (REGISTERED NUMBER: 06425856) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 December 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
LONDON CAPITAL FUNDCO 1 LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 December 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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LONDON CAPITAL FUNDCO 1 LIMITED (REGISTERED NUMBER: 06425856) |
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ABBREVIATED BALANCE SHEET |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Debtors |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Capital redemption reserve |
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Profit and loss account | ( |
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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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The financial statements were approved by the Board of Directors on
by: |
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LONDON CAPITAL FUNDCO 1 LIMITED (REGISTERED NUMBER: 06425856) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis, which is dependant upon the ongoing |
financial support of the loan note holders and the provision of additional funding as appropriate. |
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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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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 | 686 |
NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Associated company |
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Nature of business:
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Class of shares: | holding |
Ordinary | 42.24 |
2015 | 2014 |
£ | £ |
Aggregate capital and reserves | (2,572,287 | ) | (1,149,785 | ) |
Loss for the year | (1,422,502 | ) | (467,327 | ) |
LONDON CAPITAL FUNDCO 1 LIMITED (REGISTERED NUMBER: 06425856) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
For The Year Ended 31 December 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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A Ordinary | 1p |
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B Ordinary | 1p |
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C Ordinary | 1p |
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E Ordinary | 1p |
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464 | F Ordinary | 1p | 5 | 5 |
400 | G Ordinary | 1p | 4 | 4 |
400 | J Ordinary | 1p | 4 | 4 |
165 | L Ordinary | 1p | 2 | 2 |
69 | M Ordinary | 1p | 1 | 1 |
800 | E1 Ordinary | 1p | 8 | 8 |
57 | 57 |
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All classes of shares shall rank pari passu in all respects save as set out in the Articles of Association. |
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4. | RELATED PARTY DISCLOSURES |
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One Ennismore Limited |
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An company in which A H J Binnie and A J D Seddon have an interest |
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During the year to 31 December 2015, the company loaned One Ennismore Limited £nil (2014 - £nil). The |
balance outstanding at the year end was £3,429,314 (2014 - £3,429,314) which is included within loan notes, |
being due within one year. During the year ended 31 December 2015, the company made a provision of |
£2,570,000 (2014 - £nil) for the permanent diminution in the value of the loan. |
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During the year to the 31 December 2015, the company was loaned £nil (2014 - £5,172) by One Ennismore |
Limited. The balance outstanding at the year end was £5,172 (2014 - £5,172), which is included within Other |
Creditors. |
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London Capital Corp Limited |
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A company in which A H J Binnie and A J D Seddon have an interest |
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During the year to 31 December 2015, London Capital Corp Limited, loaned the company £nil (2014 - £500). |
The balance outstanding at the year end was £9,894 (2014 - £9,894). This amount is included within other |
creditors due within one year. |
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Included within Creditors due within one year: Loan notes is an amount of £400,000 (2014 - £400,000) due to |
London Capital Corp Limited. |
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5. | ULTIMATE CONTROLLING PARTY |
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