Lyons 54 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07888206 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

LYONS 54 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F Lyons

Mrs J E Lyons

REGISTERED OFFICE:

Gatehouse Farm

Gransmore Green

Felsted

Essex

CM6 3LB

REGISTERED NUMBER:

07888206 (England and Wales)

ACCOUNTANTS:

RE Group Accountants Limited

Chartered Certified Accountants

The Maltings

Rosemary Lane

Halstead

Essex

CO9 1HZ

FIXED ASSETS

Investments

4

1,002

CURRENT ASSETS

Debtors

5

1,137,106

1,285,004

Cash at bank

2,255

1,139,361

1,287,259

CREDITORS

Amounts falling due within one year

6

177,057

177,044

NET CURRENT ASSETS

962,304

1,110,215

TOTAL ASSETS LESS CURRENT LIABILITIES

963,306

1,111,217

CAPITAL AND RESERVES

Called up share capital

3,002

Retained earnings

960,304

1,108,215

SHAREHOLDERS' FUNDS

963,306

1,111,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 26 August 2020 and
were signed on its behalf by:

Mrs J E Lyons - Director

1.	STATUTORY INFORMATION

Lyons 54 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 2 (2018 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2018

and 31 October 2019

1,002

NET BOOK VALUE

At 31 October 2019

1,002

At 31 October 2018

1,002

5.

DEBTORS

2019

2018

£

Amounts falling due within one year:

Trade debtors

-

594,559

Amounts owed by group undertakings

542,547

Other debtors

594,559

30

1,137,106

1,137,136

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

147,868

Aggregate amounts

1,137,106

1,285,004

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade creditors

-

13

Amounts owed to group undertakings

177,031

Other creditors

26

-

177,057

177,044

Lyons 54 Limited - Accounts to registrar (filleted) - small 18.2

Lyons 54 Limited - Accounts to registrar (filleted) - small 18.2