REGISTERED NUMBER: 07462958 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

LYNN ANDERSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss L T Anderson

REGISTERED OFFICE:

3rd Floor

York House

23 Kingsway

London

WC2B 6UJ

REGISTERED NUMBER:

07462958 (England and Wales)

ACCOUNTANTS:

The Altus Partnership LLP

27 Old Gloucester Street

LONDON

WC1N 3AX

FIXED ASSETS

Intangible assets

4

613,292

961,850

Tangible assets

5

10,382

10,519

623,674

972,369

CURRENT ASSETS

Debtors

6

100,229

115,652

Cash at bank

1,274,760

745,834

1,374,989

861,486

CREDITORS

Amounts falling due within one year

7

555,161

834,374

NET CURRENT ASSETS

819,828

27,112

TOTAL ASSETS LESS CURRENT LIABILITIES

1,443,502

999,481

CREDITORS

Amounts falling due after more than one year

8

28,948

34,042

NET ASSETS

1,414,554

965,439

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,414,553

965,438

SHAREHOLDERS' FUNDS

1,414,554

965,439

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

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

The director acknowledges her 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.

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 director on 22 January 2018 and were signed by:

Miss L T Anderson - Director

1.	STATUTORY INFORMATION

Lynn Anderson Limited is a private company, limited by shares , registered in England and Wales. 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 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

amounts in these financial statements are rounded to the nearest £.

Transition to FRS102

These financial statements for the year ended 30th April 2017 are the first financial statements of Lynn Anderson

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 1st May 2015. The reported financial position and financial performance

for the previous period are not affected by the transition to FRS102.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover represents the amounts received from fees, commissions and services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, 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 each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Taxation

Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

1,896,241

Disposals

(380,850

)

At 30 April 2017

1,515,391

AMORTISATION

At 1 May 2016

934,391

Charge for year

153,540

Eliminated on disposal

(185,832

)

At 30 April 2017

902,099

NET BOOK VALUE

At 30 April 2017

613,292

At 30 April 2016

961,850

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

18,827

Additions

5,997

At 30 April 2017

24,824

DEPRECIATION

At 1 May 2016

8,308

Charge for year

6,134

At 30 April 2017

14,442

NET BOOK VALUE

At 30 April 2017

10,382

At 30 April 2016

10,519

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

87,400

113,907

Other debtors

12,829

1,745

100,229

115,652

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

5,000

5,000

Taxation and social security

123,500

108,080

Other creditors

426,661

721,294

555,161

834,374

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

28,948

34,042

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

12,748

17,842