Abbreviated Company Accounts - LOVELL PROPERTIES LIMITED

Abbreviated Company Accounts - LOVELL PROPERTIES LIMITED

LOVELL PROPERTIES LIMITED - Company Information

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Registered Number 01542726

LOVELL PROPERTIES LIMITED

Abbreviated Accounts

31 December 2014

LOVELL PROPERTIES LIMITED Registered Number 01542726

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 11,531 15,375
Investments 3 1,742,782 1,742,782
1,754,313 1,758,157
Current assets
Stocks 232,784 232,784
Debtors - 72,686
Cash at bank and in hand 20,208 32,132
252,992 337,602
Creditors: amounts falling due within one year (50,508) (48,707)
Net current assets (liabilities) 202,484 288,895
Total assets less current liabilities 1,956,797 2,047,052
Creditors: amounts falling due after more than one year (706,812) (777,245)
Total net assets (liabilities) 1,249,985 1,269,807
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,249,885 1,269,707
Shareholders' funds 1,249,985 1,269,807
  • For the year ending 31 December 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 September 2015

And signed on their behalf by:
Lord S Singh, Director

LOVELL PROPERTIES LIMITED Registered Number 01542726

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 January 2014 20,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 20,500
Depreciation
At 1 January 2014 5,125
Charge for the year 3,844
On disposals -
At 31 December 2014 8,969
Net book values
At 31 December 2014 11,531
At 31 December 2013 15,375

3Fixed assets Investments
Investments in Properties.