Registered Number 07126900
LATHAM BROS HOLDINGS LIMITED
Abbreviated Accounts
29 October 2014
Notes | 2014 | 2013 | |
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Called up share capital not paid |
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Fixed assets | |||
Investments | 2 |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2
Fixed assets Investments
COST
At 30 October 2013 and 29 October 2014: £4,748
NET BOOK VALUE
At 29 October 2014: £4,748
At 29 October 2013: £4,748
Subsidiary undertakings
Held directly
Kite Homes (Wales) Limited - 100% Ordinary shares held
Latham Properties Limited - 100% Ordinary shares held
Celtic-Continental Holdings Limited - 100% A & B ordinary shares held
Held indirectly
Parkview Developments Limited - 67% Ordinary shares held
Aggregate capital and reserves
Latham Properties Limited - 2014: £583,004, 2013: £562,279
Kite Homes (Wales) Limited - 2014: £(29,247), 2013: £(28,501)
Celtic-Continental Holdings Limited - 2014: £(121,678), 2013: £(117,163)
Parkview Developments Limited - 2014: £(227,798), 2013: £(218,673)
Profit and (loss) for the year
Latham Properties Limited - 2014: £84,725, 2013: £29,583
Kite Homes (Wales) Limited - 2014: £(746), 2013: £(1,947)
Celtic-Continental Holdings Limited - 2014: £(4,515), 2013: £(1,081)
Parkview Developments Limited - 2014: £(9,125), 2013: £(13,148)