LPC Properties Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09022360 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 2 MAY 2014 TO 31 MAY 2015

FOR

LPC PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P Ciccone

Mrs L Ciccone

REGISTERED OFFICE:

Barn Cottage

Newbarn Lane

Seer Green

Beaconsfield

Buckinghamshire

HP9 2QZ

REGISTERED NUMBER:

09022360 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

CURRENT ASSETS

Debtors

390,000

Cash at bank and in hand

309,991

699,991

CREDITORS

Amounts falling due within one year

701,506

NET CURRENT LIABILITIES

(1,515

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,515

)

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

(1,615

)

SHAREHOLDERS' FUNDS

(1,515

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 2 February 2016 and were signed on its behalf by:

P Ciccone - 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).

Deferred tax

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

Going concern

Where current liabilities exceed current assets the director considers the ability of the company to continue to meet its

liabilities from liquid assets as and when the liabilities fall due. The director also considers the support given to the

company by its creditors. If the director is satisfied that the company can meet its liabilities as and when the fall due, and

that the company has sufficient support from its creditors, the accounts are prepared on a going concern basis.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

3.	ULTIMATE CONTROLLING PARTY

The controlling parties are Mr and Mrs Ciccone by virtue of their ownership of 50% shares each.

4.	RELATED PARTY NOTES

As at 31st May 2015 the company owned £700,000 to Silvio Quality Sandwich Bars Limited. Silvio Quality Sandwich Bars

Limited and LPC properties Limited are related parties by virtue of common shareholders.

5.	GOING CONCERN

Where current liabilities exceed current assets the director considers the ability of the company to continue to meet its

liabilities from liquid assets as and when the liabilities fall due. The director also considers the support given to the

company by its creditors. If the director is satisfied that the company can meet its liabilities as and when the fall due, and

that the company has sufficient support from its creditors, the accounts are prepared on a going concern basis.