London Lofts (Developments) Limited - Accounts to registrar (filleted) - small 18.2
London Lofts (Developments) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| FOR |
| LONDON LOFTS (DEVELOPMENTS) LIMITED |
| LONDON LOFTS (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 04725044) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| LONDON LOFTS (DEVELOPMENTS) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| www.michaelfiliou.com |
| Salisbury House |
| 81 High Street |
| Potters Bar |
| Hertfordshire |
| EN6 5AS |
| LONDON LOFTS (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 04725044) |
| ABRIDGED BALANCE SHEET |
| 31 OCTOBER 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| LONDON LOFTS (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 04725044) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 1. | STATUTORY INFORMATION |
| London Lofts (Developments) Limited is a |
| 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 |
| Turnover |
| Turnover represents rents received from properties which are being redeveloped by the company. |
| 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. |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 400 | 400 |
| 4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 October 2018 and |
| 31 October 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| The director was charged a market rate interest of 3.5% on his overdrawn loan account balance. |
| LONDON LOFTS (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 04725044) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 5. | RELATED PARTY DISCLOSURES |
| Tiller Ltd |
| At the balance sheet date, Tiller Ltd, a company in which Mr C H Hawkins is also a director and 50% |
| shareholder, owed £227,115 (2017 - £340,262) to the Company. |
| Included under Other Debtors are: |
| London Lofts Ltd |
| At the balance sheet date, London Lofts Ltd, a company in which Mr C H Hawkins is the sole director and |
| shareholder, owed £36,449 (2017 - £36,449) to the Company and is shown under Other Debtors. This is an |
| unsecured interest-free loan which is repayable on demand. |
| Property Liaisons (Developments) Ltd |
| At the balance sheet date, Property Liaisons (Developments) Ltd, a company in which Mr C H Hawkins is also a |
| director, owed £54,000 (2017 - £44,000) to the Company and is shown under Other Debtors.This is an unsecured |
| interest-free loan which is repayable on demand. |
| 6. | CONTROLLING PARTY |
| The controlling party is Mr C H Hawkins. |
| He is considered to be the ultimate controlling party by virtue of the fact that he owns 100% of the issued share |
| capital. |