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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2018 |
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LOGBOOK LENDING LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2018 |
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FOR |
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LOGBOOK LENDING LIMITED |
LOGBOOK LENDING LIMITED (REGISTERED NUMBER: 07409180) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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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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LOGBOOK LENDING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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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 |
34a Watling Street |
Radlett |
Hertfordshire |
WD7 7NN |
LOGBOOK LENDING LIMITED (REGISTERED NUMBER: 07409180) |
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BALANCE SHEET |
31 DECEMBER 2018 |
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2018 | 2017 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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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 |
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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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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director on
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LOGBOOK LENDING LIMITED (REGISTERED NUMBER: 07409180) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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Logbook Lending Limited is a
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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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Turnover |
Turnover represents interest earned from loans and the sale of repossessed vehicles held as security. Interest income is |
recognised in the period in which it is earned. Proceeds from the sale of vehicles are recognised when the title has passed. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
charged to profit or loss in the period to which they relate. |
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Going concern |
These accounts have been prepared on a going concern basis, based on the continued support of the director. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 January 2018 |
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Disposals | ( |
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At 31 December 2018 |
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AMORTISATION |
At 1 January 2018 |
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Eliminated on disposal | ( |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts owed by participating interests | 10,538 | - |
Other debtors |
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Prepayments |
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LOGBOOK LENDING LIMITED (REGISTERED NUMBER: 07409180) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Amounts owed to participating interests | - | 532 |
Social security and other taxes |
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Other creditors |
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Directors' current accounts | 800 | - |
Accruals and deferred income |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | 1 | 100 | 100 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 January 2018 |
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Deficit for the year | ( |
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At 31 December 2018 |
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9. | RELATED PARTY DISCLOSURES |
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At the year end, £10,538 was owed from the parent company (2017: £532 was owed to the parent company), AF Premier |
Limited. |
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Other creditors include a balance of £7,595 (2017: £12,117) payable to the director, A Lazarus, and a balance of £55,000 |
(2017: £55,000) payable to JTJ Properties Limited, an associate company in which A Lazarus, is also a director and 50% |
shareholder. |
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10. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is AF Premier Limited, a company incorporated in the UK, by virtue of its 100% shareholding. |