Company Registration No. 500938 (England and Wales)
L.& R.Investments(Hendon)Limited
Unaudited accounts
for the year ended 30 April 2021
L.& R.Investments(Hendon)Limited
Unaudited accounts
Contents
L.& R.Investments(Hendon)Limited
Company Information
for the year ended 30 April 2021
Company Number
500938 (England and Wales)
Registered Office
2nd Floor Sutherland House
70 - 78 West Hendon Broadway
LONDON
NW9 7ER
Accountants
GATES FREEDMAN
Chartered Accountants
2nd Floor Sutherland House
70-78 West Hendon Broadway
London
NW9 7ER
L.& R.Investments(Hendon)Limited
Statement of financial position
as at 30 April 2021
Investment property
-
1,607,500
Cash at bank and in hand
8,963
9,089
Creditors: amounts falling due within one year
(3,087)
(3,555)
Net current assets
5,876
12,734
Net assets
5,876
1,620,234
Called up share capital
6,002
6,002
Revaluation reserve
-
1,031,650
Profit and loss account
(126)
582,582
Shareholders' funds
5,876
1,620,234
For the year ending 30 April 2021 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 her 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 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 28 January 2022 and were signed on its behalf by
R Oliver
Director
Company Registration No. 500938
L.& R.Investments(Hendon)Limited
Notes to the Accounts
for the year ended 30 April 2021
L.& R.Investments(Hendon)Limited is a private company, limited by shares, registered in England and Wales, registration number 500938. The registered office is 2nd Floor Sutherland House, 70 - 78 West Hendon Broadway, LONDON, NW9 7ER.
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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.
Investment property is included at market fair value, and reviewed annually by the directors. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive Income.Gains are recognised in the income statement. Deferred taxation is provided where material on these gains at the rate expected to apply when the property is sold. Deferred taxation is not provided if there is undue cost or benefit in determining the taxable gains.
Fair value at 1 May 2020
1,607,500
As part of the company re-organisation in April 2018, the company revalued its properties based on a professional valuation. The entire share capital of the company is held by SR Holdings Ltd, a company controlled by Mrs Ruth Oliver, director. During the year the portfolio of properties held by the company was transferred to its holding company, SR Holdings Ltd.
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
-
7,200
L.& R.Investments(Hendon)Limited
Notes to the Accounts
for the year ended 30 April 2021
6
Creditors: amounts falling due within one year
2021
2020
Amounts owed to group undertakings and other participating interests
2,985
2,985
Taxes and social security
(16)
(16)
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Transactions with related parties
Company reorganisation
In April 2018, the company was re-organised to make arrangements whereby the entire share capital of the company is held by SR Holdings Ltd, a company controlled by Mrs Ruth Oliver, director.
The proportion of the portfolio of properties retained by the company was transferred during the year to its holding company, SR Holdings Ltd.
The arrangements in 2018 made were taken following the advice provided by specialists in company reorganisation and after receiving professional revaluations of the company properties, and after receiving confirmation of satisfaction of the arrangements by H M Revenue & Customs.
The company is the wholly owned subsidiary of S R Holdings Ltd., whose director is R Oliver. S R Holdings Ltd is registered in England and Wales with company number 11336054.
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Average number of employees
During the year the average number of employees was 1 (2020: 1).
