Landregal Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02765032 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

LANDREGAL SERVICES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M Brinner

SECRETARY:

Mrs T Brinner

REGISTERED OFFICE:

115 Craven Park Road

London

N15 6BL

REGISTERED NUMBER:

02765032 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

8,674

10,205

Investment property

5

1,302,472

1,302,472

1,311,146

1,312,677

CURRENT ASSETS

Debtors

6

1,776,770

1,993,270

Investments

7

30,230

30,230

Cash at bank

392,726

127,303

2,199,726

2,150,803

CREDITORS

Amounts falling due within one year

8

2,014,356

1,999,792

NET CURRENT ASSETS

185,370

151,011

TOTAL ASSETS LESS CURRENT LIABILITIES

1,496,516

1,463,688

CREDITORS

Amounts falling due after more than one year

9

357,013

403,335

NET ASSETS

1,139,503

1,060,353

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Revaluation reserve

11

413,996

413,996

Retained earnings

11

724,507

645,357

SHAREHOLDERS' FUNDS

1,139,503

1,060,353

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

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

The director acknowledges his 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 12 February 2019 and were signed by:

M Brinner - Director

1.	STATUTORY INFORMATION

Landregal Services 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 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.

Transition to financial reporting standards 102

The company has adopted FRS 102 Section 1A for the first time in the preparation of these accounts.

Accordingly the date of transition to FRS 102 was 1 December 2015 (beginning of the accounting period of

comparative financial year).

There are no material differences in determining the company's profit and loss under FRS 102 Section 1A and

the previous framework the company adopted (the Financial Reporting Standard for Smaller Entities (effective

January 2015)).

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2016

and 30 November 2017

43,273

DEPRECIATION

At 1 December 2016

33,068

Charge for year

1,531

At 30 November 2017

34,599

NET BOOK VALUE

At 30 November 2017

8,674

At 30 November 2016

10,205

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2016

and 30 November 2017

1,302,472

NET BOOK VALUE

At 30 November 2017

1,302,472

At 30 November 2016

1,302,472

6.

DEBTORS

30.11.17

30.11.16

£

£

Amounts falling due within one year:

Other debtors

1,709,675

1,926,175

Amounts falling due after more than one year:

Other debtors

67,095

67,095

Aggregate amounts

1,776,770

1,993,270

7.	CURRENT ASSET INVESTMENTS

30.11.17

30.11.16

£

£

Unlisted investments

30,230

30,230

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Taxation and social security

33,698

24,083

Other creditors

1,980,658

1,975,709

2,014,356

1,999,792

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Bank loans

357,013

403,335

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

357,013

403,335

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.17

30.11.16

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 December 2016

645,357

413,996

1,059,353

Profit for the year

99,150

99,150

Dividends

(20,000

)

(20,000

)

At 30 November 2017

724,507

413,996

1,138,503

12.	ULTIMATE CONTROLLING PARTY

Devonstate Ltd