LC (Stevenage) Limited - Accounts to registrar (filleted) - small 18.2
LC (Stevenage) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Audited Financial Statements for the Year Ended 30 November 2019 |
| for |
| LC (Stevenage) Limited |
| LC (Stevenage) Limited (Registered number: 09864845) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| LC (Stevenage) Limited |
| Company Information |
| for the Year Ended 30 November 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| The Old Grange |
| Warren Estate |
| Lordship Road |
| Writtle |
| CM1 3WT |
| LC (Stevenage) Limited (Registered number: 09864845) |
| Balance Sheet |
| 30 November 2019 |
| 30.11.19 | 30.11.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 and authorised for issue on signed on its behalf by: |
| LC (Stevenage) Limited (Registered number: 09864845) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2019 |
| 1. | STATUTORY INFORMATION |
| LC (Stevenage) Limited is a |
| 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 |
| Going concern |
| At the balance sheet date, the company's liabilities exceeded its assets by £636,466 (2018; £1,138,641. The |
| company's investors have agreed to continue to support the company for the foreseeable future and so the |
| financial statements have been prepared on the going concern basis. |
| 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 |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life. |
| Land and buildings - 1% on cost |
| Taxation |
| Taxation for the year comprises current 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 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. |
| Significant judgements and estimates |
| No significant judgements or estimations have been applied in the preparation of the financial statements. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. |
| Creditors |
| Short term creditors are measured at the transaction price. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - NIL). |
| LC (Stevenage) Limited (Registered number: 09864845) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Land and |
| buildings |
| £ |
| COST |
| At 1 December 2018 |
| and 30 November 2019 |
| DEPRECIATION |
| At 1 December 2018 |
| Charge for year |
| At 30 November 2019 |
| NET BOOK VALUE |
| At 30 November 2019 |
| At 30 November 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.19 | 30.11.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.19 | 30.11.18 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.11.19 | 30.11.18 |
| £ | £ |
| Bank loans |
| LC (Stevenage) Limited (Registered number: 09864845) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2019 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.11.19 | 30.11.18 |
| £ | £ |
| Bank loans |
| Other loans | - | 904,603 |
| The bank and other loans are secured against investment properties. |
| HM Darlington and EG Buttleman have given personal guarantees in support of the bank facilities of £500,000 |
| each. |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | ULTIMATE CONTROLLING PARTY |
| The directors do not consider there to be any single controlling party. |