Lilson Two Housing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07303935 (England and Wales)

Financial Statements

for the Year Ended 31 March 2021

for

LILSON TWO HOUSING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr B S Leviton

Mr S Brodin

Mr L A Leviton

REGISTERED OFFICE:

258 Capability Green

Luton

Bedfordshire

LU1 3LU

REGISTERED NUMBER:

07303935 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

CURRENT ASSETS

Debtors

4

63

475,736

Cash at bank

310

751

373

476,487

CREDITORS

Amounts falling due within one year

5

272

178,505

NET CURRENT ASSETS

101

297,982

TOTAL ASSETS LESS CURRENT LIABILITIES

101

297,982

CAPITAL AND RESERVES

Called up share capital

6

101

101

Retained earnings

-

297,881

SHAREHOLDERS' FUNDS

101

297,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2021 and were signed on its behalf by:

Mr B S Leviton - Director

1.	STATUTORY INFORMATION

Lilson Two Housing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is represented by gross rents receivable.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 3 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Amounts owed by associates

63

-

Other debtors

-

355,663

Prepayments and accrued income

-

120,073

63

475,736

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Tax

272

87,672

Other creditors

-

83,633

Accruals and deferred income

-

7,200

272

178,505

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

90

Ordinary

£1

90

90

11

A Non Voting

£1

11

11

101

101

7.	RELATED PARTY DISCLOSURES

As at the balance sheet date, included in debtors due within one year is £63 (2020: £Nil) due from Rent Connect Housing Limited, a company in which there is common directorship.