Company Registration No. 09053362 (England and Wales)
LEMON IN A BAG LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
LEMON IN A BAG LIMITED
COMPANY INFORMATION
Director
Mr A W Dixon
Company number
09053362
Registered office
66 Prescot Street
London
E1 8NN
Accountants
Carter Backer Winter LLP
66 Prescot Street
London
E1 8NN
Business address
245 Kennington Road
London
SE11 6BY
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 2017
31 March 2017
- 1 -
2017
2016
Notes
£
£
£
£
Current assets
Debtors
2
100
100
Net current assets
100
100
Capital and reserves
Called up share capital
3
100
100

The director of the company have elected not to include a copy of the profit and loss account within the financial statements. true

For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

T he director acknowledges his responsibilities for complying with the requirements of the Act 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 20 December 2017
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 2017
- 2 -
Share capital
£
Balance at 1 April 2015
100
Year ended 31 March 2016:
Profit and total comprehensive income for the year
-
Balance at 31 March 2016
100
Year ended 31 March 2017:
Profit and total comprehensive income for the year
-
Balance at 31 March 2017
100
LEMON IN A BAG LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
- 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.

These financial statements for the year ended 31 March 2017 are the first financial statements of Lemon in a bag Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 April 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

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.

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.

1.4
Equity instruments

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

LEMON IN A BAG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2017
- 4 -
2
Debtors
2017
2016
Amounts falling due within one year:
£
£
Other debtors
100
100
3
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and not fully paid
100 Ordinary shares of £1 each
100
100
100
100
2017-03-31 2016-04-01 true CCH Software CCH Accounts Production 2017.300 No description of principal activity 20 December 2017 09053362 2016-04-01 2017-03-31 09053362 bus:Director1 2016-04-01 2017-03-31 09053362 bus:RegisteredOffice 2016-04-01 2017-03-31 09053362 2017-03-31 09053362 core:CurrentFinancialInstruments 2017-03-31 09053362 core:CurrentFinancialInstruments 2016-03-31 09053362 2016-03-31 09053362 core:ShareCapital 2017-03-31 09053362 core:ShareCapital 2016-03-31 09053362 core:ShareCapital core:RestatedAmount 2015-03-31 09053362 core:ShareCapitalOrdinaryShares 2017-03-31 09053362 core:ShareCapitalOrdinaryShares 2016-03-31 09053362 bus:OrdinaryShareClass1 2016-04-01 2017-03-31 09053362 bus:OrdinaryShareClass1 2017-03-31 09053362 bus:EntityHasNeverTraded 2016-04-01 2017-03-31 09053362 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 09053362 bus:FRS102 2016-04-01 2017-03-31 09053362 bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 09053362 bus:SmallCompaniesRegimeForAccounts 2016-04-01 2017-03-31 09053362 bus:FullAccounts 2016-04-01 2017-03-31 xbrli:pure xbrli:shares iso4217:GBP