Abbreviated Company Accounts - LPT (GREAT YARMOUTH) LTD

LPT (GREAT YARMOUTH) LTD - Company Information

09075178 LPT (GREAT YARMOUTH) LTD 2015-09-30 false 2014-06-06 2015-09-30 true 09075178 2014-06-06 2015-09-30 09075178 2015-09-30 09075178 uk-gaap-cd-bus:Director1 2014-06-06 2015-09-30 09075178 uk-gaap-cd-bus:Director2 2014-06-06 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-06 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 09075178

LPT (GREAT YARMOUTH) LTD

Abbreviated Accounts

30 September 2015

LPT (GREAT YARMOUTH) LTD Registered Number 09075178

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	110,740
		110,740
Current assets
Cash at bank and in hand		8,750
		8,750
Creditors: amounts falling due within one year		(3,131)
Net current assets (liabilities)		5,619
Total assets less current liabilities		116,359
Creditors: amounts falling due after more than one year		(109,890)
Total net assets (liabilities)		6,469
Capital and reserves
Called up share capital	3	110
Profit and loss account		6,359
Shareholders' funds		6,469

For the year ending 30 September 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 20 February 2016

And signed on their behalf by:
ROOPESH SHAH, Director

LPT (GREAT YARMOUTH) LTD Registered Number 09075178

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounts are prepared under the historical cost convention except for the revaluation of the
investment property. The accounts have also been prepared in accordance with the Financial
Reporting Standard for Small Entities (effective April 2008).

Turnover policy
Turnover represents amounts receivable for rent during the year.

Tangible assets depreciation policy
Tangible fixed asset / investment property

The investment property is the only tangible fixed asset.

Investment property is defined as a development in respect of which construction work
and development has been completed and which is held for its investment potential,
any rental income being negotiated at arms length.

The property has been included in the balance sheet at open market value in accordance
with the requirements of SSAP 19. Any aggregate surplus is credited to an investment
revaluation reserve, but any aggregate deficit must be charged to the profit and loss
account. When an aggregate deficit is reduced, that reduction is then credited to the
profit and loss account for the period.

No depreciation has been provided in accordance with SSAP 19. The requirement of the
Companies Act 2006 is to depreciate all properties but that requirement conflicts with the
generally accepted accounting principle set out in SSAP 19. The director considers that
to depreciate such properties will not give a true and fair view, but that view is given by
following the requirements of SSAP 19.

Other accounting policies
Taxation

The charge or credit for taxation is based on the results for the period as adjusted for
disallowable items. Tax deferred or accelerated is accounted for on all material timing
differences. Deferred tax is not recognised on timing differences arising on revalued property
unless the company has entered into a binding sale agreement.

2Tangible fixed assets

	£
Cost
Additions	110,740
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	110,740
Depreciation
Charge for the year	0
On disposals	-
At 30 September 2015	0
Net book values
At 30 September 2015	110,740

The director is of the opinion that the open market value of the investment property at the
balance sheet date is the same as the carrying value. No revaluation adjustment is therefore
required.

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
110 Ordinary shares of £1 each	110