Limitlease Limited - Accounts to registrar (filleted) - small 18.2

Limitlease Limited - Accounts to registrar (filleted) - small 18.2

LIMITLEASE LIMITED - Company Information

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REGISTERED NUMBER: 04677304 (England and Wales)














Financial Statements for the Year Ended 31 October 2019

for

Limitlease Limited
Limitlease Limited (Registered number: 04677304)






Contents of the Financial Statements
for the Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Limitlease Limited

Company Information
for the Year Ended 31 October 2019







DIRECTORS: Mr S Goldstone
Mr L Magar





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 04677304 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY
Page 1
Limitlease Limited (Registered number: 04677304)

Balance Sheet
31 October 2019

31.10.19 31.10.18
Notes £    £    £    £   
FIXED ASSETS
Investments 4 870,499 870,499

CURRENT ASSETS
Debtors 5 200,000 200,000
Cash in hand 100 100
200,100 200,100
CREDITORS
Amounts falling due within one year 6 1,057,865 1,057,948
NET CURRENT LIABILITIES (857,765 ) (857,848 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,734 12,651

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 12,634 12,551
SHAREHOLDERS' FUNDS 12,734 12,651

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 29 October 2020 and were signed on
its behalf by:





Mr S Goldstone - Director


The notes form part of these financial statements

Page 2
Limitlease Limited (Registered number: 04677304)

Notes to the Financial Statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

Limitlease 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.

Preparation of consolidated financial statements
The financial statements contain information about Limitlease Limited as an individual company and do not contain
consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the
Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

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.

Fixed asset investments
Fixed asset investments are carried at cost less provisions for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2018
and 31 October 2019 870,499
NET BOOK VALUE
At 31 October 2019 870,499
At 31 October 2018 870,499

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Other debtors 200,000 200,000

Page 3 continued...
Limitlease Limited (Registered number: 04677304)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.19 31.10.18
£    £   
Taxation and social security 19 -
Other creditors 1,057,846 1,057,948
1,057,865 1,057,948

7. SECURED DEBTS

Bank of Scotland

Other creditors include an amount with a fixed and floating charge over the undertaking and all property and assets,
present and future, including goodwill, bookdebts, uncalled capital, buildings, fixtures and fixed plant and machinery.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.19 31.10.18
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 November 2018 12,551
Profit for the year 83
At 31 October 2019 12,634

10. RELATED PARTY DISCLOSURES

The directors, Mr Magar and Mr Goldstone, are considered to be the key management personnel.

Page 4
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Limitlease Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial
statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are
cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to
be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Limitlease Limited for the year ended 31 October 2019 which comprise the Income Statement, Balance Sheet and the
related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Limitlease Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Limitlease Limited and state those matters that we have agreed to state to the Board of Directors of Limitlease Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Limitlease Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Limitlease Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Limitlease Limited. You consider that Limitlease 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 financial statements of Limitlease 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 financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................

This page does not form part of the statutory financial statements

Page 5