Company Registration No. 09053362 (England and Wales)
LEMON IN A BAG LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
LEMON IN A BAG LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
LEMON IN A BAG LIMITED
BALANCE SHEET
AS AT
31 MARCH 2018
31 March 2018
- 1 -
2018
2017
Notes
£
£
£
£
Current assets
Debtors
3
100
100
Net current assets
100
100
Capital and reserves
Called up share capital
4
100
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 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 21 December 2018
Mr A W Dixon
Director
Company Registration No. 09053362
LEMON IN A BAG LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2018
- 2 -
Share capital
£
Balance at 1 April 2016
100
Year ended 31 March 2017:
Profit and total comprehensive income for the year
-
Balance at 31 March 2017
100
Year ended 31 March 2018:
Profit and total comprehensive income for the year
-
Balance at 31 March 2018
100
LEMON IN A BAG LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
- 3 -
1
Accounting policies
Company information

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
Profit and loss account

The company has not traded during the year or the preceding financial period . During this time the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
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.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

LEMON IN A BAG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
1
Accounting policies
(Continued)
- 4 -
1.4
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 (including directors) employed by the company during the year was 0 (2017 - 0).

3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Other debtors
100
100
4
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and not fully paid
100 Ordinary shares of £1 each
100
100
100
100
2018-03-31 2017-04-01 true CCH Software CCH Accounts Production 2018.300 No description of principal activity 21 December 2018 Mr A W Dixon 09053362 2017-04-01 2018-03-31 09053362 2018-03-31 09053362 2017-03-31 09053362 core:ShareCapital 2018-03-31 09053362 core:ShareCapital 2017-03-31 09053362 core:ShareCapitalOrdinaryShares 2018-03-31 09053362 core:ShareCapitalOrdinaryShares 2017-03-31 09053362 bus:Director1 2017-04-01 2018-03-31 09053362 core:CurrentFinancialInstruments 2018-03-31 09053362 core:CurrentFinancialInstruments 2017-03-31 09053362 bus:OrdinaryShareClass1 2017-04-01 2018-03-31 09053362 bus:OrdinaryShareClass1 2018-03-31 09053362 bus:EntityHasNeverTraded 2017-04-01 2018-03-31 09053362 bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 09053362 bus:FRS102 2017-04-01 2018-03-31 09053362 bus:AuditExemptWithAccountantsReport 2017-04-01 2018-03-31 09053362 bus:SmallCompaniesRegimeForAccounts 2017-04-01 2018-03-31 09053362 bus:FullAccounts 2017-04-01 2018-03-31 xbrli:pure xbrli:shares iso4217:GBP