Company Registration No. 2106310 (England and Wales)
Liphook Valet Services Limited
Unaudited accounts
for the year ended 31 March 2021
Liphook Valet Services Limited
Unaudited accounts
Contents
Liphook Valet Services Limited
Company Information
for the year ended 31 March 2021
Directors
Mr S Cooke
Mr B Cooke
Company Number
2106310 (England and Wales)
Registered Office
22 Marlock Close
Fiskerton
Southwell
Nottinghamshire
NG25 0UB
Accountants
Hampshire Accountancy Services
College Court
15 Bowen Lane
Petersfield
Hampshire
GU31 4DR
Liphook Valet Services Limited
Statement of financial position
as at 31 March 2021
Investment property
905,000
905,000
Cash at bank and in hand
17,486
5,227
Creditors: amounts falling due within one year
(10,658)
(12,588)
Net current assets
29,763
22,512
Total assets less current liabilities
934,763
927,512
Creditors: amounts falling due after more than one year
-
(26,434)
Provisions for liabilities
Deferred tax
(17,723)
(17,723)
Net assets
917,040
883,355
Called up share capital
100
100
Revaluation reserve
388,851
388,851
Profit and loss account
528,089
494,404
Shareholders' funds
917,040
883,355
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2021 and were signed on its behalf by
Mr S Cooke
Director
Company Registration No. 2106310
Liphook Valet Services Limited
Notes to the Accounts
for the year ended 31 March 2021
Liphook Valet Services Limited is a private company, limited by shares, registered in England and Wales, registration number 2106310. The registered office is 22 Marlock Close, Fiskerton, Southwell, Nottinghamshire, NG25 0UB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2020
905,000
The properties were revalued by independent valuers in 2017 using both the open market value method and existing use basis method as appropriate. In the opinion of the directors there is no significant difference in fair value of the investment properties, compared with their carrying amount.
Liphook Valet Services Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
842
842
Accrued income and prepayments
431
843
Other debtors
21,662
21,662
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
3,092
Taxes and social security
8,135
7,356
Other creditors
2,523
2,140
8
Creditors: amounts falling due after more than one year
2021
2020
9
Operating lease commitments
2021
2020
At 31 March 2021 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
More than five years
565,000
565,000
10
Average number of employees
During the year the average number of employees was 0 (2020: 0).
