R Lunn Developments Limited - Accounts to registrar (filleted) - small 18.2
R Lunn Developments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2020 |
| for |
| R Lunn Developments Limited |
| R Lunn Developments Limited (Registered number: 01967093) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| R Lunn Developments Limited |
| Company Information |
| for the Year Ended 31 March 2020 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Business Advisers |
| Northgate House |
| Northgate |
| Sleaford |
| Lincolnshire |
| NG34 7BZ |
| R Lunn Developments Limited (Registered number: 01967093) |
| Balance Sheet |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Fair value reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| R Lunn Developments Limited (Registered number: 01967093) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2020 |
| 1. | STATUTORY INFORMATION |
| R Lunn Developments Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts receivable from tenants for rent and service charges excluding value added tax. |
| Tangible fixed assets |
| Tangible fixed assets other than freehold property are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs less estimated residual value of each asset over its expected useful life, as follows: |
| Fixtures, fittings and equipment 15% & 33% on 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Investments |
| Listed investments are stated in the accounts at market value at the year end. |
| Investment properties are stated in the balance sheet at the director's valuation. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| R Lunn Developments Limited (Registered number: 01967093) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2019 |
| and 31 March 2020 |
| DEPRECIATION |
| At 1 April 2019 |
| Charge for year |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| 5. | FIXED ASSET INVESTMENTS |
| 2020 | 2019 |
| £ | £ |
| Other investments not loans | 4,750,000 | 3,805,998 |
| Additional information is as follows: |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2019 |
| Disposals | ( |
) |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 | - |
| At 31 March 2019 |
| Investments (neither listed nor unlisted) were as follows: |
| 2020 | 2019 |
| £ | £ |
| Balance brought forward | 3,718,500 | 3,718,500 |
| Additions | 293,782 | - |
| Revaluations | 737,718 | - |
| 4,750,000 | 3,718,500 |
| Investments (neither listed nor unlisted) represent investment properties held within the company. These have been valued on an open market basis by R.J. Lunn, a director of the company. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| R Lunn Developments Limited (Registered number: 01967093) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | 0.01 | 100 | 100 |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 April 2019 |
| Revaluation reserve movement | 610,242 |
| At 31 March 2020 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by R Lunn by way of his majority shareholding. |