Company Registration No. 07830049 (England and Wales)
LEXINGTON INVESTMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
LEXINGTON INVESTMENTS LIMITED
COMPANY INFORMATION
Directors
Mr J Rifat
Mrs E Rifat
Company number
07830049
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
C.Hoare & Co
37 Fleet Street
London
EC4P 4DQ
LEXINGTON INVESTMENTS LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
LEXINGTON INVESTMENTS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LEXINGTON INVESTMENTS LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lexington Investments Limited for the year ended 30 November 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.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Lexington Investments Limited, as a body, in accordance with
our
terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lexington Investments Limited and state those matters that we have agreed to state to the Board of Directors of Lexington Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lexington Investments Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Lexington Investments 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 Lexington Investments Limited. You consider that Lexington Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Lexington Investments 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.
Ormerod Rutter Limited
23 August 2017
Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
LEXINGTON INVESTMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
16,500
19,250
Tangible assets
2
-
676
16,500
19,926
Current assets
Debtors
-
6,007
Cash at bank and in hand
1,068
442
1,068
6,449
Creditors: amounts falling due within one year
(102,716)
(126,762)
Net current liabilities
(101,648)
(120,313)
Total assets less current liabilities
(85,148)
(100,387)
Capital and reserves
Called up share capital
3
103
103
Profit and loss account
(85,251)
(100,490)
Shareholders' funds
(85,148)
(100,387)
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 August 2017
Mr J Rifat
Director
Company Registration No. 07830049
LEXINGTON INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% on cost
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.6
Licence fees are being amortised evenly over their estimated useful life of ten years.
1.7
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
LEXINGTON INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 December 2015 & at 30 November 2016
27,500
5,046
32,546
Depreciation
At 1 December 2015
8,250
4,370
12,620
Charge for the year
2,750
676
3,426
At 30 November 2016
11,000
5,046
16,046
Net book value
At 30 November 2016
16,500
-
16,500
At 30 November 2015
19,250
676
19,926
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary A of £1 each
100
100
1 Ordinary B of £1 each
1
1
1 Ordinary C of £1 each
1
1
1 Ordinary D of £1 each
1
1
103
103