Company Registration No. 01322538 (England and Wales)
LANHYDROCK FINANCIAL SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
PAGES FOR FILING WITH REGISTRAR
LANHYDROCK FINANCIAL SERVICES LTD
COMPANY INFORMATION
Director
Mr ANV Williams
Company number
01322538
LANHYDROCK FINANCIAL SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LANHYDROCK FINANCIAL SERVICES LTD
BALANCE SHEET
AS AT
31 DECEMBER 2019
31 December 2019
- 1 -
2019
2018
Notes
£
£
£
£
Current assets
Debtors
3
611
611
Creditors: amounts falling due within one year
4
(3,269)
(3,144)
Net current liabilities
(2,658)
(2,533)
Capital and reserves
Called up share capital
5
3,000
3,000
Share premium account
19,850
19,850
Profit and loss reserves
6
(25,508)
(25,383)
Total equity
(2,658)
(2,533)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 16 March 2020
Mr ANV Williams
Director
Company Registration No. 01322538
LANHYDROCK FINANCIAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
- 2 -
1
Accounting policies
Company information
Lanhydrock Financial Services Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Lodge, The Old Vicarage, Lanhydrock, Bodmin, Cornwall, PL30 5AD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention
.
The principal accounting policies adopted are set out below.
1.2
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.3
Taxation
The tax expense represents the sum of the tax currently payable
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2018 - 1).
No remuneration was paid to the director.
3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Corporation tax recoverable
611
611
LANHYDROCK FINANCIAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2019
- 3 -
4
Creditors: amounts falling due within one year
2019
2018
£
£
Amounts owed to group undertakings
3,269
3,144
5
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
3,000 Ordinary shares of £1 each
3,000
3,000
6
Profit and loss reserves
2019
2018
£
£
At the beginning of the year
(25,383)
(22,821)
Loss for the year
(125)
(2,562)
At the end of the year
(25,508)
(25,383)
7
Parent company
The parent company of Lanhydrock Financial Services Ltd is
The Lanhydrock Estate Company
and
its registered office is The Lodge, The Old Vicarage, Lanhydrock, Bodmin, PL30 5AD.