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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
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LONDON CAPITAL FUNDCO 1 LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
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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 FINANCIAL STATEMENTS |
For The Year Ended 31 December 2016 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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LONDON CAPITAL FUNDCO 1 LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 December 2016 |
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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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ABRIDGED BALANCE SHEET |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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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 | ( |
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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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Capital redemption reserve |
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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. |
LONDON CAPITAL FUNDCO 1 LIMITED (REGISTERED NUMBER: 06425856) |
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ABRIDGED BALANCE SHEET - continued |
31 December 2016 |
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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 on
by: |
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LONDON CAPITAL FUNDCO 1 LIMITED (REGISTERED NUMBER: 06425856) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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London Capital Fundco 1 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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The financial statements have been prepared on a going concern basis, which the directors consider to be |
appropriate due to the ongoing financial support of the loan note holders. |
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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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Investments in associates |
Investments in associate undertakings are recognised at cost. |
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Financial instruments |
The company enters into basic financial instruments, which result in the recognition of financial assets and |
liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are |
measured at fair value. At the end of each reporting period financial instruments are assessed for evidence of |
impairment, and changes are recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that |
it relates to items recognised in other comprehensive income or directly in equity. |
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Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the |
current or past reporting periods. |
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Consideration is given to whether deferred tax should be provided in respect of material timing differences which |
have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits. |
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Current [and deferred] tax assets and liabilities are not discounted and are recognised at the amount of tax |
payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date |
LONDON CAPITAL FUNDCO 1 LIMITED (REGISTERED NUMBER: 06425856) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 December 2016 |
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3. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
At 1 January 2016 | 686 |
Impairments | (686 | ) |
At 31 December 2016 | - |
NET BOOK VALUE |
At 31 December 2016 | - |
At 31 December 2015 | 686 |
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4. | CONTINGENT LIABILITIES |
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A further charge over the company's shares in One Ennismore Limited was created on 14 February 2014 by |
Jordan International Bank Plc to secure all monies due or becoming due from One Ennismore Limited. |
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A charge over the company's shares in One Ennismore Limited was created on 22 November 2011 by Jordan |
International Bank Plc to secure all monies due or becoming due from One Ennismore Limited. |
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5. | TRANSITION TO FRS 102 |
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This is the first year that the company has presented its results in accordance with the provision of Section 1A of |
Financial Reporting Standard 102. The last financial statements under previous UK GAAP were for the period to |
31 December 2015 and the date of transition to FRS 102 section 1A was 1 January 2015. |
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As a result of the change to the new UK GAAP, we are required to prepare a reconciliation of the profit for the |
financial year ended 31 December 2015 and the total equity at 1 January 2015 and 31 December 2015 between |
UK GAAP as previously reported and under FRS 102 Section 1A, in these financial statements. |
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Presentation of the results for the comparative year in accordance with Section 1A of FRS 102 has not resulted in |
any change to the results compared to those presented under previous UK GAAP. Therefore it has not been |
necessary to present a reconciliation of movements in equity in these accounts. |