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

REGISTERED NUMBER: 06245565 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2019

for

LLANVETHERINE PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N F Miller

SECRETARY:

Ms S H Dickins

REGISTERED OFFICE:

Pen-Y-Wyrlod Farm

Llanvetherine

Abergavenny

Gwent

NP7 8RG

REGISTERED NUMBER:

06245565 (England and Wales)

ACCOUNTANTS:

Martin Waterworth Limited

Chartered Accountants

Bronwylfa

Llangunnor Road

Carmarthen

Dyfed

SA31 2PB

FIXED ASSETS

Tangible assets

4

1,675

2,838

Investment property

5

114,634

114,634

116,309

117,472

CURRENT ASSETS

Debtors

6

560

630

Cash at bank

1,614

1,113

2,174

1,743

CREDITORS

Amounts falling due within one year

7

19,145

24,028

NET CURRENT LIABILITIES

(16,971

)

(22,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

99,338

95,187

CREDITORS

Amounts falling due after more than one year

8

(41,507

)

(43,505

)

PROVISIONS FOR LIABILITIES

(320

)

(760

)

NET ASSETS

57,511

50,922

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

57,011

50,422

SHAREHOLDERS' FUNDS

57,511

50,922

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 applicable to companies subject to the small companies regime.

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 22 January 2020 and were signed by:

N F Miller - Director

1.	STATUTORY INFORMATION

Llanvetherine 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.

Tangible fixed assets

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

Plant and machinery etc

-

10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Turnover

Turnover is represented by rental income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2018

and 31 July 2019

12,159

DEPRECIATION

At 1 August 2018

9,321

Charge for year

1,163

At 31 July 2019

10,484

NET BOOK VALUE

At 31 July 2019

1,675

At 31 July 2018

2,838

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2018

and 31 July 2019

114,634

NET BOOK VALUE

At 31 July 2019

114,634

At 31 July 2018

114,634

The director considers that the fair value of the investment properties at 31 July 2017 equates to original cost of

the properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Other debtors

560

630

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade creditors

818

626

Taxation and social security

2,663

937

Other creditors

15,664

22,465

19,145

24,028

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.19

31.7.18

£

£

Other creditors

41,507

43,505

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.19

31.7.18

£

£

Other creditors

41,507

43,505

Secured on freehold investment property.