Lakes Industrial Park Management Company Limited Filleted accounts for Companies House (small and micro)

LAKES INDUSTRIAL PARK MANAGEMENT COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 3887101

Lakes Industrial Park Management Company Limited

Filleted Unaudited Financial Statements

For the Year Ended

31 March 2021

Lakes Industrial Park Management Company Limited

Financial Statements

Year Ended 31st March 2021

Contents	Page

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements	1

Statement of Financial Position	2

Notes to the Financial Statements	3

Lakes Industrial Park Management Company Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Lakes Industrial Park Management Company Limited

Year Ended 31st March 2021

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31st March 2021, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

PEYTON TYLER MEARS Chartered accountants

Middleborough House 16 Middleborough Colchester Essex CO1 1QT

30 September 2021

Lakes Industrial Park Management Company Limited

Statement of Financial Position

31 March 2021

	2021		2020
Note	£	£	£

Current Assets

Debtors	4	19,684	22,583
Cash at bank and in hand		59,176	29,125
		--------	--------
		78,860	51,708

Creditors: amounts falling due within one year	5	43,108		43,625
		--------		--------
Net Current Assets			35,752	8,083
			--------	-------
Total Assets Less Current Liabilities			35,752	8,083
			--------	-------
Net Assets			35,752	8,083
			--------	-------

Capital and Reserves

Called up share capital	3	3
Profit and loss account	35,749	8,080
	--------	-------
Shareholders Funds	35,752	8,083
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2021 , and are signed on behalf of the board by:

N.J. Percival	S.W.J. Rose
Director	Director

Company registration number: 3887101

Lakes Industrial Park Management Company Limited

Notes to the Financial Statements

Year Ended 31st March 2021

1. General Information

The company is a private company limited by shares, registered in England. The address of the registered office is Beacon End Farmhouse, London road, Stanway, Colchester, CO3 5NY.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Debtors

	2021	2020
	£	£
Trade debtors	19,681	22,580
Other debtors	3	3
	--------	--------
	19,684	22,583
	--------	--------

5. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	255	1,788
Social security and other taxes	1,864	1,857
Other creditors	40,989	39,980
	--------	--------
	43,108	43,625
	--------	--------