Laneview Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04598757

Unaudited Financial Statements for the Year Ended 31 August 2020

for

Laneview Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Soni

S Rajabali

SECRETARY:

Mrs R Soni

REGISTERED OFFICE:

Suite 2, Rama Apartments

17 St. Anns Road

Harrow

Middlesex

HA1 1JU

REGISTERED NUMBER:

04598757

ACCOUNTANTS:

Kallis LLP

Chartered Certified Accountant

22 Westward Way

Harrow

Middlesex

HA3 0SE

CURRENT ASSETS

Stocks

1,150,000

1,250,000

Debtors

4

46,150

-

Cash at bank

31,297

2,856

1,227,447

1,252,856

CREDITORS

Amounts falling due within one year

5

310,401

379,430

NET CURRENT ASSETS

917,046

873,426

TOTAL ASSETS LESS CURRENT LIABILITIES

917,046

873,426

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

916,946

873,326

917,046

873,426

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 21 December 2020 and were signed on its behalf by:

R Soni - Director

1.	STATUTORY INFORMATION

Laneview Properties Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2019 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade debtors

46,150

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade creditors

1

1

Tax

22,392

12,160

VAT

20,561

7,775

Income received in advance

-

12,958

Directors' current accounts

266,299

345,173

Accrued expenses

1,148

1,363

310,401

379,430