Lang Town & Country Lettings Limited - Limited company - abbreviated - 11.9

Lang Town & Country Lettings Limited - Limited company - abbreviated - 11.9

LANG TOWN & COUNTRY LETTINGS LIMITED - Company Information

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REGISTERED NUMBER: 03354464 (England and Wales)









LANG TOWN & COUNTRY LETTINGS LIMITED

PREVIOUSLY KNOWN AS
TOWN & COUNTRY LETTINGS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 FEBRUARY 2014 TO 31 MARCH 2015






LANG TOWN & COUNTRY LETTINGS LIMITED (REGISTERED NUMBER: 03354464)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 FEBRUARY 2014 TO 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

LANG TOWN & COUNTRY LETTINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2014 TO 31 MARCH 2015







DIRECTORS: T Brady
R Rabin
J A S Clarke
P J Preen





SECRETARY: R Rabin





REGISTERED OFFICE: 52 North Hill
Plymouth
Devon
PL4 8EU





REGISTERED NUMBER: 03354464 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX
Page 1
LANG TOWN & COUNTRY LETTINGS LIMITED (REGISTERED NUMBER: 03354464)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 22,750 26,250
Tangible assets 3 41,026 47,138
63,776 73,388

CURRENT ASSETS
Debtors 1,446 9,477
Cash at bank and in hand 26,627 56,471
28,073 65,948
CREDITORS
Amounts falling due within one year 4 60,276 86,783
NET CURRENT LIABILITIES (32,203 ) (20,835 )
TOTAL ASSETS LESS CURRENT LIABILITIES 31,573 52,553

CREDITORS
Amounts falling due after more than one year 4 - 11,674
NET ASSETS 31,573 40,879

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,200
Capital redemption reserve 200 -
Profit and loss account 30,373 39,679
31,573 40,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 3 December 2015 and were signed on its behalf by:





R Rabin - Director


The notes form part of these abbreviated accounts

Page 2
LANG TOWN & COUNTRY LETTINGS LIMITED (REGISTERED NUMBER: 03354464)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 FEBRUARY 2014 TO 31 MARCH 2015

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 chargeable, net of value added tax, in respect of the sale of services to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property - 5% straight line
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different
from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences
which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply
when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no
commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over
their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital
element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the
lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014
and 31 March 2015 70,696
AMORTISATION
At 1 February 2014 44,446
Amortisation for period 3,500
At 31 March 2015 47,946
NET BOOK VALUE

At 31 March 2015 22,750
At 31 January 2014 26,250

Page 3 continued...
LANG TOWN & COUNTRY LETTINGS LIMITED (REGISTERED NUMBER: 03354464)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 1 FEBRUARY 2014 TO 31 MARCH 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 92,948
Additions 3,445
At 31 March 2015 96,393
DEPRECIATION
At 1 February 2014 45,810
Charge for period 9,557
At 31 March 2015 55,367
NET BOOK VALUE
At 31 March 2015 41,026
At 31 January 2014 47,138

4. CREDITORS

Creditors include an amount of £ 11,277 (2014 - £ 14,049 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issues and fully paid:


Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary A £1 100 100
405 Ordinary B £1 405 405
305 Ordinary C £1 305 305
100 Ordinary D £1 100 100
100 Ordinary E £1 0 100
90 Ordinary F £1 90 90
100 Ordinary H £1 0 100
1,000 1,200

During the period, 100 E and 100 G shares were purchased by the company and cancelled.

On the 10 March 2015 a re-designation of shares took place where all shares were transferred to Lang Town and Country
Holdings Limited.

6. ULTIMATE PARENT COMPANY

Lang Town & Country Holdings Limited is regarded by the directors as being the company's ultimate parent company.

Page 4