Lingfield Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08467142 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Lingfield Homes Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C E Davis

SECRETARY:

REGISTERED OFFICE:

Suite 35, Cassidy House

Station Road

Chester

Cheshire

CH1 3DN

REGISTERED NUMBER:

08467142 (England and Wales)

ACCOUNTANTS:

Hill & Roberts

50 High Street

Mold

Flintshire

CH7 1BH

FIXED ASSETS

Tangible assets

4

66,434

18,750

CURRENT ASSETS

Debtors

104,703

64,427

Cash at bank and in hand

269,776

2,440

374,479

66,867

CREDITORS

Amounts falling due within one year

318,520

96,330

NET CURRENT ASSETS/(LIABILITIES)

55,959

(29,463

)

TOTAL ASSETS LESS CURRENT LIABILITIES

122,393

(10,713

)

CREDITORS

Amounts falling due after more than one year

44,552

-

NET ASSETS/(LIABILITIES)

77,841

(10,713

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

77,741

(10,813

)

77,841

(10,713

)

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 May 2019 and were signed by:

C E Davis - Director

1.	STATUTORY INFORMATION

Lingfield Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

value added tax and other sales taxes.

Tangible fixed assets

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Going concern

The director is satisfied that the company can continue to meet its day to day requirements from working capital

and the support of the company bankers.The director is satisfied that the going concern basis is appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

25,000

Additions

88,579

Disposals

(25,000

)

At 31 March 2018

88,579

DEPRECIATION

At 1 April 2017

6,250

Charge for year

22,145

Eliminated on disposal

(6,250

)

At 31 March 2018

22,145

NET BOOK VALUE

At 31 March 2018

66,434

At 31 March 2017

18,750

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

C E Davis

Balance outstanding at start of year

46,896

-

Amounts advanced

32,124

46,896

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

79,020

46,896