Unaudited Abbreviated Accounts
for the Year Ended
Iberian Lynx Golf Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Iberian Lynx Golf Limited
for the Year Ended 31 January 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Iberian Lynx Golf Limited for the year ended 31 January 2016 set out on pages 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 (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Iberian Lynx Golf Limited, as a body, in accordance with the terms of our engagement letterdated 18 February 2015. Our work has been undertaken solely to prepare for your approval the accounts of Iberian Lynx Golf Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Iberian Lynx Golf Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Iberian Lynx Golf Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Iberian Lynx Golf Limited. You consider that Iberian Lynx Golf 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 accounts of Iberian Lynx Golf 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 accounts.
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Paul Steele Limited Chartered Accountants
18 Newport Street
Tiverton
Devon
EX16 6NL
16 March 2016
Iberian Lynx Golf Limited
(Registration number: 07126888)
Abbreviated Balance Sheet at 31 January 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr SC Leary
Director
2
Iberian Lynx Golf Limited
(Registration number: 07126888)
Abbreviated Balance Sheet at 31 January 2016
......... continued
.........................................
Ms AM Giurconiu
Director
3
Iberian Lynx Golf Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Motor vehicles |
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Deferred tax
Financial instruments
Iberian Lynx Golf Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 February 2015 |
1,146 |
1,146 |
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Additions |
158 |
158 |
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At 31 January 2016 |
1,304 |
1,304 |
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Depreciation |
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At 1 February 2015 |
922 |
922 |
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Charge for the year |
154 |
154 |
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At 31 January 2016 |
1,076 |
1,076 |
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Net book value |
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At 31 January 2016 |
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At 31 January 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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