The Lutterworth Property Management Co. - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 00623390 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended

5 April 2015

for

The Lutterworth Property Management Co.

Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

P A Drake

B A Drake

Ms M A Fazackerley

SECRETARY:

P A Drake

REGISTERED OFFICE:

Suite 1

Hill House

Regent Street

Lutterworth

Leicestershire

LE17 4BE

REGISTERED NUMBER:

00623390 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to seven) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of The Lutterworth Property Management Co. Ltd for the year ended

5 April 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of The Lutterworth Property Management Co. Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Lutterworth Property Management Co. Ltd and state those matters that we have agreed to state to the Board of Directors of The Lutterworth Property Management Co. Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Lutterworth Property Management Co. Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Lutterworth Property Management Co. Ltd. You consider that The Lutterworth Property Management Co. Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The

Lutterworth Property Management Co. Ltd. For this reason, we have not verified the accuracy or

completeness of the accounting records or information and explanations you have given to us and we do

not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

15 December 2015

FIXED ASSETS

Tangible assets

2

35

46

Investment property

3

3,250

3,250

3,285

3,296

CURRENT ASSETS

Debtors

59,877

42,935

Cash at bank

294,811

282,439

354,688

325,374

CREDITORS

Amounts falling due within one year

22,401

24,570

NET CURRENT ASSETS

332,287

300,804

TOTAL ASSETS LESS CURRENT LIABILITIES

335,572

304,100

PROVISIONS FOR LIABILITIES

7

659

NET ASSETS

335,565

303,441

CAPITAL AND RESERVES

Called up share capital

4

400

400

Revaluation reserve

2,779

2,779

Profit and loss account

332,386

300,262

SHAREHOLDERS' FUNDS

335,565

303,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 December 2015 and were signed on its behalf by:

B A Drake - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts receivable from the rental of investment properties, gross of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date where transactions or events have occurred at that date that will result in

an obligation to pay more, or a right to pay less or to receive more tax with the following

exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more

likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in

the periods in which timing differences reverse, based on tax rates and laws enacted or

substantively enacted at the balance sheet date. Deferred tax is recognised in respect of all timing

differences that have originated but not reversed at the balance sheet date where transactions or

events have occurred at that date

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6 April 2014

and 5 April 2015

8,540

DEPRECIATION

At 6 April 2014

8,494

Charge for year

11

At 5 April 2015

8,505

NET BOOK VALUE

At 5 April 2015

35

At 5 April 2014

46

3.	INVESTMENT PROPERTY

Total

£

COST

At 6 April 2014

and 5 April 2015

3,250

NET BOOK VALUE

At 5 April 2015

3,250

At 5 April 2014

3,250

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.15

5.4.14

value:

£

£

400

Ordinary shares

£1

400

400

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2015 and

5 April 2014:

5.4.15

5.4.14

£

£

B A Drake

Balance outstanding at start of year

4,517

4,517

Amounts advanced

3,500

-

Amounts repaid

(3,902

)

-

Balance outstanding at end of year

4,115

4,517

Ms M A Fazackerley

Balance outstanding at start of year

-

-

Amounts advanced

12,616

-

Amounts repaid

-

-

Balance outstanding at end of year

12,616

-