L B Longley Investments Limited - Accounts to registrar (filleted) - small 18.2
L B Longley Investments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| L B LONGLEY INVESTMENTS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| L B LONGLEY INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 69-71 East Street |
| Epsom |
| Surrey |
| KT17 1BP |
| BANKERS: |
| 440 Strand |
| London |
| WC2R 0QS |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| BALANCE SHEET |
| 31 OCTOBER 2018 |
| 31.10.18 | 31.10.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserves |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2018 |
| 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 |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 1. | STATUTORY INFORMATION |
| L B Longley Investments Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rents receivable during the year. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Investments |
| Investments held as fixed assets are shown at cost less provision for impairment. |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 3. | ACCOUNTING POLICIES - continued |
| Investment properties |
| Investment properties are revalued annually. Surpluses or deficits on individual properties are recognised in the |
| income statement. Deferred taxation is provided on these properties at the rate expected to apply when the |
| property is sold. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2017 - 4 ). |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 November 2017 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| Revaluations |
| At 31 October 2018 |
| DEPRECIATION |
| At 1 November 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| At 31 October 2017 |
| Cost or valuation at 31 October 2018 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2009 | 3,448,843 | - | 3,448,843 |
| Valuation in 2010 | 45,790 | - | 45,790 |
| Valuation in 2011 | 244,023 | - | 244,023 |
| Valuation in 2012 | 413,006 | - | 413,006 |
| Valuation in 2013 | 202,400 | - | 202,400 |
| Valuation in 2014 | 232,178 | - | 232,178 |
| Valuation in 2015 | 292,219 | - | 292,219 |
| Valuation in 2016 | (200,179 | ) | - | (200,179 | ) |
| Valuation in 2017 | 379,280 | - | 379,280 |
| Valuation in 2018 | 223,038 | - | 223,038 |
| Cost | 2,289,402 | 141,889 | 2,431,291 |
| 7,570,000 | 141,889 | 7,711,889 |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| If freehold property had not been revalued they would have been included at the following historical cost: |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Cost | 2,289,402 | 2,034,541 |
| Investment properties were valued on current market indices basis on 31 October 2018 by Mr J Hakim, a director |
| . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | RELATED PARTY DISCLOSURES |
| No individual had overall control of the company during the year or in the previous year. |
| No transactions with related parties were undertaken in the current or previous year such as are required to be |
| disclosed. |