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LANGTREE HOLDINGS LTD - Company Information

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Langtree Holdings Limited

Registered Number:08872384

For the year ended 31 July 2019

England and Wales

Unaudited Financial Statements

For the year ended 31 July 2019

Langtree Holdings Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 July 2019

Langtree Holdings Limited

Statement of Financial Position

Registered Number :

08872384

2018

2019

Notes

Fixed assets

Property, plant and equipment

254,576

298,244

254,576

298,244

Current assets

Inventories

12,200

Trade and other receivables

81,507

38,989

97,094

Cash and cash equivalents

4,832

43,821

190,801

Trade and other payables: amounts falling due within one year

(117,825)

(26,209)

72,976

17,612

Net current assets

Total assets less current liabilities

272,188

371,220

Trade and other payables: amounts falling due after more than

one year

(203,307)

(155,467)

(16,600)

Provisions for liabilities

116,721

Net assets

151,313

Capital and reserves

Called up share capital

856

Share premium account

149,744

Retained earnings

(33,879)

713

116,721

151,313

Shareholders' funds

For the year ended 31 July 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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For the year ended 31 July 2019

Langtree Holdings Limited

Statement of Financial Position Continued

J Ainsworth Director

These financial statements were approved and authorised for issue by the Board on 12 February 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 31 July 2019

Langtree Holdings Limited

Notes to the Financial Statements

Statutory Information

Langtree Holdings Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

08872384.

Registered address:

The Saracens Head

100 Summerwood lane

Halsall

Ormskirk

L39 8RH

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain

assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Straight line

33% Straight line

Computer equipment

20% Straight line

Fixtures and fittings

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

2. Inventories

2018

2019

Stocks

12,200

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For the year ended 31 July 2019

Langtree Holdings Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2018

2019

Trade debtors

11,055

19,038

Other debtors

27,934

62,469

81,507

38,989

The debtors above include the following amounts falling due after more than one year:

Other debtors

14,062

27,966

4. Trade and other payables: amounts falling due within one year

2018

2019

Bank loans and overdraft

17,302

30,651

Trade creditors

2,446

34,038

Taxation and social security

3,881

26,099

Other creditors

2,580

27,037

26,209

117,825

5. Trade and other payables: amounts falling due after more than one year

2018

2019

Bank loans and overdraft

155,467

203,307

6. Related party transactions

Langtree Property Ltd, a company who the directors are material shareholders, entered a loan arrangement at arms length,

the amount outstanding is £, 27,934

7. Average number of persons employed

During the year the average number of employees was 4 (2018 : 34)

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