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LE 2016 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

24TH OCTOBER 2016 TO 30TH NOVEMBER 2017






LE 2016 LIMITED (REGISTERED NUMBER: SC548449)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 24TH OCTOBER 2016 TO 30TH NOVEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

LE 2016 LIMITED

COMPANY INFORMATION
FOR THE PERIOD 24TH OCTOBER 2016 TO 30TH NOVEMBER 2017







DIRECTORS: E Desneuf
Ms A Dutertre





REGISTERED OFFICE: MacGregor Thomson Limited
Regus Lomond Court
The Castle Business Park
Stirling
FK9 4TU





REGISTERED NUMBER: SC548449 (Scotland)





ACCOUNTANTS: JRW
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL

LE 2016 LIMITED (REGISTERED NUMBER: SC548449)

BALANCE SHEET
30TH NOVEMBER 2017

Notes £    £   
FIXED ASSETS
Intangible assets 4 18,000
Tangible assets 5 15,028
33,028

CURRENT ASSETS
Stocks 2,593
Cash at bank and in hand 9,415
12,008
CREDITORS
Amounts falling due within one year 6 48,306
NET CURRENT LIABILITIES (36,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,270

)

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (3,272 )
(3,270 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th November 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

LE 2016 LIMITED (REGISTERED NUMBER: SC548449)

BALANCE SHEET - continued
30TH NOVEMBER 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8th February 2018 and were signed on its behalf
by:




E Desneuf - Director



Ms A Dutertre - Director


LE 2016 LIMITED (REGISTERED NUMBER: SC548449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 24TH OCTOBER 2016 TO 30TH NOVEMBER 2017

1. STATUTORY INFORMATION

LE 2016 Limited is a private company, limited by shares , registered in Scotland. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The company serves meals from licenced premises. Turnover represents the value, net of value added tax and
discounts, in respect of services provided to customers. Revenue is recognised in the accounting period in
which the services are rendered to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

LE 2016 LIMITED (REGISTERED NUMBER: SC548449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 24TH OCTOBER 2016 TO 30TH NOVEMBER 2017

2. ACCOUNTING POLICIES - continued

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at
transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment.
Any impairment loss is recognised in the Income Statement.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are
settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. These are classed as current liabilities as payment is due within one year or less. If not
they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation
is discharged, cancelled or expires.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the period end and that are expected to apply to the
reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

LE 2016 LIMITED (REGISTERED NUMBER: SC548449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 24TH OCTOBER 2016 TO 30TH NOVEMBER 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 20,000
At 30th November 2017 20,000
AMORTISATION
Charge for period 2,000
At 30th November 2017 2,000
NET BOOK VALUE
At 30th November 2017 18,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 2,848 15,000 17,848
At 30th November 2017 2,848 15,000 17,848
DEPRECIATION
Charge for period 570 2,250 2,820
At 30th November 2017 570 2,250 2,820
NET BOOK VALUE
At 30th November 2017 2,278 12,750 15,028

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 48,306

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LE 2016 LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements
and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of LE 2016 Limited for the period ended 30th November 2017 which comprise the Income
Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of LE 2016 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LE 2016 Limited and state those matters that we have agreed to state to the Board of Directors of LE 2016 Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that LE 2016 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of LE 2016 Limited. You consider that LE 2016 Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of LE 2016 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 financial statements.






JRW
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL


8th February 2018