Company Registration No. 10534204 (England and Wales)
Lilacs Canvey Ltd
Unaudited accounts
for the year ended 30 November 2020
Lilacs Canvey Ltd
Unaudited accounts
Contents
Lilacs Canvey Ltd
Company Information
for the year ended 30 November 2020
Company Number
10534204 (England and Wales)
Registered Office
3 Overlea Road
London
E5 9BG
United Kingdom
Lilacs Canvey Ltd
Statement of financial position
as at 30 November 2020
Investment property
510,613
510,613
Cash at bank and in hand
610
1,257
Creditors: amounts falling due within one year
(156,442)
(156,972)
Net current liabilities
(155,832)
(155,715)
Total assets less current liabilities
354,781
354,898
Creditors: amounts falling due after more than one year
(369,916)
(369,916)
Net liabilities
(15,135)
(15,018)
Called up share capital
1
1
Profit and loss account
(15,136)
(15,019)
Shareholders' funds
(15,135)
(15,018)
For the year ending 30 November 2020 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 30 November 2021 and were signed on its behalf by
Maurice Freund
Director
Company Registration No. 10534204
Lilacs Canvey Ltd
Notes to the Accounts
for the year ended 30 November 2020
Lilacs Canvey Ltd is a private company, limited by shares, registered in England and Wales, registration number 10534204. The registered office is 3 Overlea Road, London, E5 9BG, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Average number of employees
During the year the average number of employees was 0 (2019: 0).
