Laneview Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04598757 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

Laneview Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Soni

S Rajabali

SECRETARY:

Mrs R Soni

REGISTERED OFFICE:

Suite 2, Rama Apartments

17 St. Anns Road

Harrow

Middlesex

HA1 1JU

REGISTERED NUMBER:

04598757 (England and Wales)

ACCOUNTANTS:

Kallis LLP

Chartered Certified Accountant

22 Westward Way

Harrow

Middlesex

HA3 0SE

CURRENT ASSETS

Stocks

1,340,000

1,340,000

Cash at bank

9,956

13,073

1,349,956

1,353,073

CREDITORS

Amounts falling due within one year

4

528,371

547,488

NET CURRENT ASSETS

821,585

805,585

TOTAL ASSETS LESS CURRENT LIABILITIES

821,585

805,585

CREDITORS

Amounts falling due after more than one year

5

-

105,506

NET ASSETS

821,585

700,079

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

821,485

699,979

SHAREHOLDERS' FUNDS

821,585

700,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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.

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 21 May 2019 and were signed on its behalf by:

R Soni - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover is the amount derived from rental income, and is measured at the fair value of the rent received or

receivable. Rental income is stated net of VAT.

Stocks

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

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans and overdrafts

-

47,085

Trade creditors

-

1

Tax

28,502

483

VAT

7,775

7,775

Income received in advance

12,958

12,958

Directors' current accounts

478,173

478,173

Accrued expenses

963

1,013

528,371

547,488

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans - 1-2 years

-

47,085

Bank loan

-

58,421

-

105,506

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.18

31.8.17

£

£

Bank loans

-

152,591

Bank loans are secured by a fixed charges over the assets of the company.