Latham Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04119550 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

LATHAM TRADING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G W Latham

Mrs J C Hislop

SECRETARY:

Mrs J C Hislop

REGISTERED OFFICE:

Hedge House, Hangersley Hill

Hangersley

Ringwood

BH24 3JW

REGISTERED NUMBER:

04119550 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

-

Investment property

6

191,655

191,655

191,655

191,655

CURRENT ASSETS

Debtors

7

-

362

Cash at bank

2,062

2,494

2,062

2,856

CREDITORS

Amounts falling due within one year

8

46,942

41,425

NET CURRENT LIABILITIES

(44,880

)

(38,569

)

TOTAL ASSETS LESS CURRENT LIABILITIES

146,775

153,086

CREDITORS

Amounts falling due after more than one year

9

69,582

74,857

NET ASSETS

77,193

78,229

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

77,093

78,129

SHAREHOLDERS' FUNDS

77,193

78,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 April 2020 and were signed on its behalf by:

G W Latham - Director

Mrs J C Hislop - Director

1.	STATUTORY INFORMATION

Latham Trading 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

40,000

AMORTISATION

At 1 April 2019

and 31 March 2020

40,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

1,882

DEPRECIATION

At 1 April 2019

and 31 March 2020

1,882

NET BOOK VALUE

At 31 March 2020

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

191,655

NET BOOK VALUE

At 31 March 2020

191,655

At 31 March 2019

191,655

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

-

362

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Taxation and social security

710

193

Other creditors

46,232

41,232

46,942

41,425

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans

69,582

74,857

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

69,582

74,857