Abbreviated Company Accounts - LLANVETHERINE PROPERTIES LIMITED

LLANVETHERINE PROPERTIES LIMITED - Company Information

06245565 LLANVETHERINE PROPERTIES LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 06245565 2014-08-01 2015-07-31 06245565 2015-07-31 06245565 2014-07-31 06245565 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 06245565 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 06245565

LLANVETHERINE PROPERTIES LIMITED

Abbreviated Accounts

31 July 2015

LLANVETHERINE PROPERTIES LIMITED Registered Number 06245565

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,802	5,415
Investments	3	114,634	114,634
		120,436	120,049
Current assets
Debtors		840	1,991
Cash at bank and in hand		1,690	426
		2,530	2,417
Creditors: amounts falling due within one year		(39,542)	(43,123)
Net current assets (liabilities)		(37,012)	(40,706)
Total assets less current liabilities		83,424	79,343
Creditors: amounts falling due after more than one year		(49,019)	(50,261)
Provisions for liabilities		(1,160)	-
Total net assets (liabilities)		33,245	29,082
Capital and reserves
Called up share capital	4	500	500
Profit and loss account		32,745	28,582
Shareholders' funds		33,245	29,082

For the year ending 31 July 2015 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 18 November 2015

And signed on their behalf by:
NF Miller, Director

LLANVETHERINE PROPERTIES LIMITED Registered Number 06245565

Notes to the Abbreviated Accounts for the period ended 31 July 2015

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.

Turnover policy
Turnover is represented by rental income.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc. - 10% on cost

Other accounting policies
Investment Property
The company's freehold land and buildings are treated as investment properties, as defined by Statement of Standard Accounting Practice No.19, and are therefore re-valued triennially by the directors. Accordingly, they are not depreciated. Depreciation is only one amongst many factors reflected in the triennial valuation of properties and, accordingly, the amount of depreciation which might otherwise have been shown cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 August 2014	10,084
Additions	1,550
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	11,634
Depreciation
At 1 August 2014	4,669
Charge for the year	1,163
On disposals	-
At 31 July 2015	5,832
Net book values
At 31 July 2015	5,802
At 31 July 2014	5,415

3Fixed assets Investments
Investment property at cost and valuation £114,634.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
500 Ordinary shares of £1 each	500	500

The shares are held by Miller Research (UK) Limited, which is regarded by the directors as being the company's ultimate parent company.