Lordswood Property Developments Limited
Lordswood Property Developments Limited
Registered number: 10697113
Unaudited Financial Statements
For The Year Ended
30 March 2020
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Lordswood Property Developments Limited
Unaudited Financial Statements
For The Year Ended
30 March 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Lordswood Property Developments Limited
Balance Sheet
As at
30 March 2020
Balance Sheet
Registered number:
10697113
For the year ending 30 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (63,367) | (68) | |||
Page 1
Lordswood Property Developments Limited
Balance Sheet (continued)
As at
30 March 2020
Directors' responsibilities:
-
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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Lordswood Property Developments Limited
Notes to the Financial Statements
For The Year Ended
30 March 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods.
1.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
1.4.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
2.
Average Number of Employees
During the period the company employed no staff. NIL (2019: )
3.
Stocks
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - materials and work in progress | - | 3,509,310 | |
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4.
Debtors
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors |
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| Other debtors (1) |
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| Called up share capital not paid |
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Page 3
Lordswood Property Developments Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 March 2020
5.
Creditors: Amounts Falling Due Within One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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6.
Share Capital
| 2020 | 2019 | ||
|---|---|---|---|
| Called Up Share Capital not Paid |
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| Amount of Allotted, Called Up Share Capital |
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7.
Related Party Transactions
Amounts due from/to related parties are included within other debtors and creditors.
8.
General Information
Lordswood Property Developments Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
10697113
. The registered office is The Old School House, Forshaw Heath Lane, Solihull, West Midlands, B94 5LH.
Page 4