Lamb Property Investments Limited - Accounts

Lamb Property Investments Limited - Accounts

LAMB PROPERTY INVESTMENTS LIMITED - Company Information

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Registered Number: 11407129
England and Wales

 

 

 

LAMB PROPERTY INVESTMENTS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

Lamb Property Investments Limited
Contents Page
For the year ended 30 June 2020
Report to the directors on the preparation of the unaudited statutory accounts of Lamb Property Investments Limited for the year ended 30 June 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lamb Property Investments Limited for the year ended 30 June 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/

This report is made solely to the Board of Directors of Lamb Property Investments Limited, as a body, in accordance with the terms of our engagement letter dated 24 April 2019 Our work has been undertaken solely to prepare for your approval the accounts of Lamb Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Lamb Property Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lamb Property Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lamb Property Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lamb Property Investments Limited. You consider that Lamb Property Investments Limited is exempt from the statutory audit requirement for the year

We have not been instructed to carry out an audit or a review of the accounts of Lamb Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 June 2020



....................................................
Bharat D Hathi Ltd
Portsmouth Technopole
Kingston Crescent
Portsmouth
Hampshire
PO2 8FA
19 August 2020
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 1,770,261    526,684 
1,770,261    526,684 
Current assets      
Debtors 28,000    0 
Cash at bank and in hand 13,189    9,025 
41,189    9,025 
Creditors: amount falling due within one year (3,526)   (2,160)
Net current assets 37,663    6,865 
 
Total assets less current liabilities 1,807,924    533,549 
Creditors: amount falling due after more than one year (1,871,660)   (547,540)
Net assets (63,736)   (13,991)
 

Capital and reserves 		     
Called up share capital 3 100    100 
Profit and loss account (63,836)   (14,091)
Shareholders funds (63,736)   (13,991)
 


For the year ended 30 June 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 19 August 2020 and were signed on its behalf by:


--------------------------------
Ben Lamb
Director
2
General Information
Lamb Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 11407129, registration address 24 Chester Crescent, Chester Crescen, Lee-On-The-Solent, PO13 9BH

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
2.

Tangible fixed assets

Cost Investment properties   Total
  £   £
At 01 July 2019 526,684    526,684 
Additions 1,243,577    1,243,577 
Disposals 0    - 
At 30 June 2020 1,770,261    1,770,261 
Depreciation
At 01 July 2019 0    - 
Charge for year 0    - 
On disposals 0    - 
At 30 June 2020 0    - 
Net book values
Closing balance as at 30 June 2020 1,770,261    1,770,261 
Opening balance as at 01 July 2019 526,684    526,684 


3.

Share Capital

Allotted
2020
£		   2019
£
100 Class A shares of £1.00 each 100    100 
100    100 

3