Company Registration No. 09053362 (England and Wales)
WE ARE BROTHERS LIMITED (FORMERLY LEMON IN A BAG LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
PAGES FOR FILING WITH REGISTRAR
WE ARE BROTHERS LIMITED (FORMERLY LEMON IN A BAG LIMITED)
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
WE ARE BROTHERS LIMITED (FORMERLY LEMON IN A BAG LIMITED)
BALANCE SHEET
AS AT
31 MARCH 2019
31 March 2019
- 1 -
2019
2018
Notes
£
£
£
£
Current assets
Debtors
3
100
100
Cash at bank and in hand
2,810
-
2,910
100
Creditors: amounts falling due within one year
4
(5,000)
-
Net current (liabilities)/assets
(2,090)
100
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(2,190)
-
Total equity
(2,090)
100

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 March 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 member has 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 17 December 2019
Mr A W Dixon
Director
Company Registration No. 09053362
WE ARE BROTHERS LIMITED (FORMERLY LEMON IN A BAG LIMITED)
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2019
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2017
100
-
100
Year ended 31 March 2018:
Profit and total comprehensive income for the year
-
-
-
Balance at 31 March 2018
100
-
100
Year ended 31 March 2019:
Loss and total comprehensive income for the year
-
(2,190)
(2,190)
Balance at 31 March 2019
100
(2,190)
(2,090)
WE ARE BROTHERS LIMITED (FORMERLY LEMON IN A BAG LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
- 3 -
1
Accounting policies
Company information

We Are Brothers Limited (Formerly Lemon in a bag Limited) is a private company limited by shares incorporated in England and Wales. The registered office is 66 Prescot Street, London, E1 8NN.

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
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method . Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. .

2
Employees

The average monthly number of persons employed by the company during the year was 0 (2018 - 0).

3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Other debtors
100
100
WE ARE BROTHERS LIMITED (FORMERLY LEMON IN A BAG LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
3
Debtors
(Continued)
- 4 -
4
Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
5,000
-
5
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and not fully paid
100 Ordinary shares of £1 each
100
100
100
100

 

6
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

2019
2018
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
5,000
-
2019-03-31 2018-04-01 false 18 December 2019 CCH Software CCH Accounts Production 2019.301 No description of principal activity Mr A W Dixon 09053362 2018-04-01 2019-03-31 09053362 2019-03-31 09053362 2018-03-31 09053362 core:CurrentFinancialInstruments 2019-03-31 09053362 core:ShareCapital 2019-03-31 09053362 core:ShareCapital 2018-03-31 09053362 core:RetainedEarningsAccumulatedLosses 2019-03-31 09053362 core:ShareCapital 2017-03-31 09053362 2017-03-31 09053362 core:ShareCapitalOrdinaryShares 2019-03-31 09053362 core:ShareCapitalOrdinaryShares 2018-03-31 09053362 bus:Director1 2018-04-01 2019-03-31 09053362 core:RetainedEarningsAccumulatedLosses 2018-04-01 2019-03-31 09053362 core:WithinOneYear 2019-03-31 09053362 core:WithinOneYear 2018-03-31 09053362 bus:OrdinaryShareClass1 2018-04-01 2019-03-31 09053362 bus:OrdinaryShareClass1 2019-03-31 09053362 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2019-03-31 09053362 bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 09053362 bus:SmallCompaniesRegimeForAccounts 2018-04-01 2019-03-31 09053362 bus:FRS102 2018-04-01 2019-03-31 09053362 bus:AuditExemptWithAccountantsReport 2018-04-01 2019-03-31 09053362 bus:FullAccounts 2018-04-01 2019-03-31 xbrli:pure xbrli:shares iso4217:GBP