Litfield Land Limited - Accounts to registrar (filleted) - small 18.2
Litfield Land Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2019 |
| for |
| Litfield Land Limited |
| Litfield Land Limited (Registered number: 03062821) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Litfield Land Limited |
| Company Information |
| for the Year Ended 31 May 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Woodlands Grange |
| Woodlands Lane |
| Bradley Stoke |
| Bristol |
| BS32 4JY |
| Litfield Land Limited (Registered number: 03062821) |
| Balance Sheet |
| 31 May 2019 |
| 31.5.19 | 31.5.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Litfield Land Limited (Registered number: 03062821) |
| Balance Sheet - continued |
| 31 May 2019 |
| 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 |
| Litfield Land Limited (Registered number: 03062821) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2019 |
| 1. | STATUTORY INFORMATION |
| Litfield Land Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing stocks to their present location and condition. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Litfield Land Limited (Registered number: 03062821) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 June 2018 |
| and 31 May 2019 |
| DEPRECIATION |
| At 1 June 2018 |
| Charge for year |
| Reclassification/transfer | ( |
) |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 June 2018 |
| Disposals | ( |
) |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| Fair value at 31 May 2019 is represented by: |
| £ |
| Valuation in 2018 | 4,640,144 |
| Valuation in 2019 | (15,717 | ) |
| 4,624,427 |
| Litfield Land Limited (Registered number: 03062821) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2019 |
| 5. | INVESTMENT PROPERTY - continued |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Cost | 3,309,250 | 3,385,768 |
| The investment properties were valued on an open market basis on 31 May 2019 by the director . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Trade debtors |
| Tax |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 3,537 | 5,196 |
| Other creditors |
| Directors' current accounts | 70,620 | 169,334 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Bank loans - 1-2 years | 62,088 | 60,124 |
| Bank loans - 2-5 years | 186,264 | 180,372 |
| Bank loans due after 5 years | 156,769 | 227,425 |
| Bank loans due after 5 years | 320,000 | 320,000 |
| Litfield Land Limited (Registered number: 03062821) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2019 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans due after 5 years | 320,000 | 320,000 |
| Repayable by instalments |
| Bank loans due after 5 years | 156,769 | 227,425 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Bank overdraft |
| Bank loans | 787,209 | 848,045 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.5.19 | 31.5.18 |
| value: | £ | £ |
| Ordinary A shares | £1 | 236 | 236 |
| Ordinary B shares | £1 | 64 | 64 |
| 300 | 300 |