Registered number: 05545713 | ||||||||
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FOR THE YEAR ENDED 31/08/2021 | ||||||||
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LORDWILL INVESTMENTS LIMITED | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/08/2021 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05545713 | ||||||||
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LORDWILL INVESTMENTS LIMITED | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/08/2021 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | 3 | |||||||
Statement Of Comprehensive Income | 4 | |||||||
Balance Sheet | 5 | |||||||
Notes To The Accounts | 6 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | 9 | |||||||
Profit And Loss Account Summaries | - |
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LORDWILL INVESTMENTS LIMITED | ||||||||
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DIRECTORS' REPORT | ||||||||
FOR THE
YEAR
ENDED
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The directors present their report and accounts for the
year
ended
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DIRECTORS | ||||||||
The directors who served during the year were as follows: | ||||||||
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STATEMENT OF DIRECTORS RESPONSIBILITIES | ||||||||
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation. | ||||||||
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to: | ||||||||
- Select suitable accounting policies and then apply them consistently; | ||||||||
- Make judgements and accounting estimates that are reasonable and prudent; | ||||||||
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. | ||||||||
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. | ||||||||
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. | ||||||||
This report was approved by the board on
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Arlyn GAMIAO | ||||||||
Director |
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LORDWILL INVESTMENTS LIMITED | ||||||||
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STATEMENT OF COMPREHENSIVE INCOME | ||||||||
FOR THE
YEAR
ENDED
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Notes | 2021 | 2020 | ||||||
US$ | US$ | |||||||
TURNOVER |
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GROSS PROFIT |
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OPERATING PROFIT |
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Interest payable and similar charges |
(
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(
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LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION | (7,769) | (7,790) | ||||||
LOSS ON ORDINARY ACTIVITIES AFTER TAXATION | (7,769) | (7,790) | ||||||
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LORDWILL INVESTMENTS LIMITED | ||||||||
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BALANCE SHEET AT
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2021 | 2020 | |||||||||
Notes | US$ | US$ | ||||||||
CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 5 |
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21,315,861 | 21,006,837 | |||||||||
CREDITORS: Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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17,639,917 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 7 | 17,841,102 | 17,524,308 | |||||||
NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 |
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Profit and loss account | 105,705 | 113,474 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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LORDWILL INVESTMENTS LIMITED | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/08/2021 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1c. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
2. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees |
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3. TAX ON ORDINARY ACTIVITIES | ||||||||
2021 | 2020 | |||||||
US$ | US$ | |||||||
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LORDWILL INVESTMENTS LIMITED | ||||||||
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4. STOCK | 2021 | 2020 | ||||
US$ | US$ | |||||
Stock comprises: | ||||||
Stock |
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5. DEBTORS | 2021 | 2020 | ||||||
US$ | US$ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 39,000 | 39,000 | ||||||
Other debtors | 18,782,861 | 18,473,837 | ||||||
18,821,861 | 18,512,837 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
US$ | US$ | |||||||
UK corporation tax | 26,995 | 26,996 | ||||||
Trade creditors | 3,270,654 | 3,270,654 | ||||||
Other creditors | 24,391 | 24,391 | ||||||
Accruals | 44,879 | 44,879 | ||||||
3,366,919 | 3,366,920 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2021 | 2020 | |||||||
US$ | US$ | |||||||
Other creditors > 1yr | 17,841,102 | 17,524,308 | ||||||
17,841,102 | 17,524,308 | |||||||
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LORDWILL INVESTMENTS LIMITED | ||||||||
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8. SHARE CAPITAL | 2021 | 2020 | ||||||
US$ | US$ | |||||||
Allotted, issued and fully paid: | ||||||||
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1000 | 1000 | ||||||
2,135 | 2,135 | |||||||
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LORDWILL INVESTMENTS LIMITED | ||||||||
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TRADING AND PROFIT AND LOSS ACCOUNT | ||||||||||
FOR THE YEAR ENDED 31/08/2021 | ||||||||||
2021 | 2020 | |||||||||
US$ | US$ | |||||||||
Turnover |
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Cost of Sales: | ||||||||||
Stock at 31/08/2020 | 2,494,000 | 2,494,000 | ||||||||
2,494,000 | 2,494,000 | |||||||||
Stock at 31/08/2021 | (2,494,000) | (2,494,000) | ||||||||
Gross Profit |
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309,024 | 309,871 | |||||||||
Less: | ||||||||||
Interest payable and similar charges |
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316,793 | 317,661 | |||||||||
Net loss for the year before taxation | (7,769) | (7,790) | ||||||||
Net loss for the year after taxation | (7,769) | (7,790) | ||||||||
Retained profits brought forward | 113,474 | 121,264 | ||||||||
Retained profits carried forward | 105,705 | 113,474 | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |