Lord & Lady Furneaux Limited - Accounts to registrar (filleted) - small 18.2

Lord & Lady Furneaux Limited - Accounts to registrar (filleted) - small 18.2

LORD & LADY FURNEAUX LIMITED - Company Information

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REGISTERED NUMBER: 06488600 (England and Wales)


















Financial Statements

for the Year Ended 31 January 2019

for

Lord & Lady Furneaux Limited
Lord & Lady Furneaux Limited (Registered number: 06488600)






Contents of the Financial Statements
for the Year Ended 31 January 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Lord & Lady Furneaux Limited

Company Information
for the Year Ended 31 January 2019







DIRECTORS: J S Cattermole
A Capleton





REGISTERED OFFICE: Merchant House
33 Fore Street
Ipswich
Suffolk
IP4 1JL





REGISTERED NUMBER: 06488600 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
Page 1
Lord & Lady Furneaux Limited (Registered number: 06488600)

Balance Sheet
31 January 2019

31.1.19 31.1.18
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 165,000 165,000

CURRENT ASSETS
Cash at bank 18,958 15,359

CREDITORS
Amounts falling due within one year 5 89,472 89,645
NET CURRENT LIABILITIES (70,514 ) (74,286 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
94,486
90,714

PROVISIONS FOR LIABILITIES 12,046 12,046
NET ASSETS 82,440 78,668

CAPITAL AND RESERVES
Called up share capital 6 1 1
Fair value reserve 7 65,958 65,958
Retained earnings 16,481 12,709
SHAREHOLDERS' FUNDS 82,440 78,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 30 July 2019 and were signed on its behalf by:




J S Cattermole - Director


The notes form part of these financial statements

Page 2
Lord & Lady Furneaux Limited (Registered number: 06488600)

Notes to the Financial Statements
for the Year Ended 31 January 2019

1. STATUTORY INFORMATION

Lord & Lady Furneaux 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the rents received or receivable during the year net of VAT and trade
discounts.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at
fair value at each reporting date with changes in fair value recognised in profit or loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,
they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement
constitutes a finance transaction it is measured at present value.

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 2 (2018 - 1 ) .

Page 3 continued...
Lord & Lady Furneaux Limited (Registered number: 06488600)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2019

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2018
and 31 January 2019 165,000
NET BOOK VALUE
At 31 January 2019 165,000
At 31 January 2018 165,000

Fair value at 31 January 2019 is represented by:

£   
Valuation in 2018 165,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.19 31.1.18
£    £   
Cost 86,226 86,226

Investment property was valued on a fair value basis on 31 January 2018 by J S Cattermole, the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.19 31.1.18
£    £   
Taxation and social security 885 1,059
Other creditors 88,587 88,586
89,472 89,645

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.19 31.1.18
value: £    £   
1 Ordinary £1 1 1

7. RESERVES
Fair
value
reserve
£   
At 1 February 2018
and 31 January 2019 65,958

Page 4
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lord & Lady Furneaux Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Lord & Lady Furneaux Limited for the year ended 31 January 2019 which comprise the Income
Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lord & Lady Furneaux Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lord & Lady Furneaux Limited and state those matters that we have agreed to state to the Board of Directors of Lord & Lady Furneaux Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lord & Lady Furneaux Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lord & Lady Furneaux Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lord & Lady Furneaux Limited. You consider that Lord & Lady Furneaux Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lord & Lady Furneaux Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


30 July 2019

This page does not form part of the statutory financial statements

Page 5