Lobo Property Limited - Accounts to registrar (filleted) - small 18.2

Lobo Property Limited - Accounts to registrar (filleted) - small 18.2

LOBO PROPERTY LIMITED - Company Information

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REGISTERED NUMBER: 04504169 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

LOBO PROPERTY LIMITED
Jones Thorne Limited
The Masters House
92a Arundel Street
Sheffield
South Yorkshire
S1 4RE








LOBO PROPERTY LIMITED (REGISTERED NUMBER: 04504169)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOBO PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTOR: K M Mulvany





SECRETARY: Ms A M Byrne





REGISTERED OFFICE: The Masters House
92a Arundel Street
Sheffield
South Yorkshire
S1 4RE





REGISTERED NUMBER: 04504169 (England and Wales)





ACCOUNTANTS: Jones Thorne Limited
The Masters House
92a Arundel Street
Sheffield
South Yorkshire
S1 4RE
Page 1
LOBO PROPERTY LIMITED (REGISTERED NUMBER: 04504169)

BALANCE SHEET
30 SEPTEMBER 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 300,000 300,000

CREDITORS
Amounts falling due within one year 5 372,274 364,738
NET CURRENT LIABILITIES (372,274 ) (364,738 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(72,274
)
(64,738
)

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 6 140,370 140,370
Retained earnings (212,646 ) (205,110 )
SHAREHOLDERS' FUNDS (72,274 ) (64,738 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and authorised for issue on 30 June 2020
and were signed by:



K M Mulvany - Director


The notes form part of these financial statements

Page 2
LOBO PROPERTY LIMITED (REGISTERED NUMBER: 04504169)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1. STATUTORY INFORMATION

Lobo Property 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis.

The company is supported by the director. The director has indicated that they will continue
to support the company until it is able to meet its debts as they fall due. The financial
statements do not include any adjustments which would be required should this support be
withdrawn.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Page 3 continued...
LOBO PROPERTY LIMITED (REGISTERED NUMBER: 04504169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2018
and 30 September 2019 300,000
NET BOOK VALUE
At 30 September 2019 300,000
At 30 September 2018 300,000

Fair value at 30 September 2019 is represented by:

£   
Valuation in 2015 300,000

If investment property had not been revalued it would have been included at the following
historical cost:

30.9.19 30.9.18
£    £   
Cost 159,630 159,630

Investment property was valued on an open market basis on 30 September 2019 by the director
.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Other creditors 372,274 364,738

6. RESERVES
Fair
value
reserve
£   
At 1 October 2018
and 30 September 2019 140,370

7. ULTIMATE CONTROLLING PARTY

The controlling party is K M Mulvany.

Page 4