Abbreviated Company Accounts - LEANDOWN LIMITED

Registered Number 03200727

LEANDOWN LIMITED

Abbreviated Accounts

31 May 2014

LEANDOWN LIMITED Registered Number 03200727

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	778,931	780,181
		778,931	780,181
Current assets
Debtors		67,920	71,936
Cash at bank and in hand		17,363	19,575
		85,283	91,511
Creditors: amounts falling due within one year		(31,533)	(59,986)
Net current assets (liabilities)		53,750	31,525
Total assets less current liabilities		832,681	811,706
Total net assets (liabilities)		832,681	811,706
Capital and reserves
Called up share capital		100	100
Revaluation reserve		428,346	428,346
Profit and loss account		404,235	383,260
Shareholders' funds		832,681	811,706

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 February 2015

And signed on their behalf by:
Santokh Badyal, Director

LEANDOWN LIMITED Registered Number 03200727

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the rental value received excluding Value Added Tax made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life as follows;

Land & Buildings - No provision made on Freehold Property.
Fixt.Fitts & Equip. -20% Straghit Line

2Tangible fixed assets

	£
Cost
At 1 June 2013	783,931
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	783,931
Depreciation
At 1 June 2013	3,750
Charge for the year	1,250
On disposals	-
At 31 May 2014	5,000
Net book values
At 31 May 2014	778,931
At 31 May 2013	780,181