Larkendale Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01419666 (England and Wales)

Financial Statements for the Year Ended 31 January 2019

for

Larkendale Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

V O Watkins

Ms S L Hague

SECRETARY:

V O Watkins

REGISTERED OFFICE:

55 High Street

Hoddesdon

Hertfordshire

EN11 8TQ

REGISTERED NUMBER:

01419666 (England and Wales)

ACCOUNTANTS:

Reece & Co.

55 High Street

Hoddesdon

Hertfordshire

EN11 8TQ

CURRENT ASSETS

Cash at bank

30

636

CREDITORS

Amounts falling due within one year

3

793

1,818

NET CURRENT LIABILITIES

(763

)

(1,182

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(763

)

(1,182

)

CREDITORS

Amounts falling due after more than one year

4

1,593,061

1,592,041

NET LIABILITIES

(1,593,824

)

(1,593,223

)

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Retained earnings

6

(1,594,824

)

(1,594,223

)

SHAREHOLDERS' FUNDS

(1,593,824

)

(1,593,223

)

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 25 October 2019 and were signed on its behalf by:

V O Watkins - Director

1.	STATUTORY INFORMATION

Larkendale 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.

Due to accumulated losses the company's balance sheet shows a negative overall total of £1,593,824 Included in

creditors are balances with related companies of £1,593,061. In these circumstances it is considered appropriate

to prepare the company's accounts on the going concern basis.

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.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to

related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other

accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently

at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one

year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount

of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term

instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business

terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at

market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow

discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is

recognised in the Statement of Comprehensive Income.

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and

assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates

and assumptions are based on the best and most reliable evidence available at the time when the decisions are

made, and are based on historical experience and other factors that are considered to be applicable. Due to the

inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and

outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates

are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the

period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the

process of applying the above accounting policies that have had a significant effect on amounts recognised in the

financial statements.

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Creditors and Accruals

793

1,818

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.19

31.1.18

£

£

Amounts due to associated companies

1,593,061

1,592,041

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.19

31.1.18

value:

£

£

1,000

Ordinary

£1

1,000

1,000

6.

RESERVES

Retained

earnings

£

At 1 February 2018

(1,594,223

)

Deficit for the year

(601

)

At 31 January 2019

(1,594,824

)

7.	RELATED PARTY DISCLOSURES

The company is controlled by it's directors who own the whole of the issued share capital.

Included in creditors are balances with related companies, all of which are under common control of the

directors. Repayment of which are to be deferred until such time as the company's cash flow permits. At 31st

January 2019 the balance due to The Watkins Group Limited amounted to £1,635,718 (2018 was £1,634,698),

with the current account balance being £121,196 at 31st January 2019 (2018 was £120,176) . At 31st January

2019 the balance due by Willowdale Limited amounted to £40,907 (2018 was £47,907) and Watkins

Management Services Limited amounted to £1,750 (2018 was £1,750).

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2019 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Reece & Co.

55 High Street

Hoddesdon

Hertfordshire

EN11 8TQ

25 October 2019