Abbreviated Company Accounts - LUCKWORTH PROPERTIES LIMITED

LUCKWORTH PROPERTIES LIMITED - Company Information

02625483 LUCKWORTH PROPERTIES LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 02625483 2014-05-01 2015-04-30 02625483 2015-04-30 02625483 2014-04-30 02625483 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 02625483 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-30 iso4217:GBP shares

Registered Number 02625483

LUCKWORTH PROPERTIES LIMITED

Abbreviated Accounts

30 April 2015

LUCKWORTH PROPERTIES LIMITED Registered Number 02625483

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	9,437,827	5,423,814
Investments	3	425,105	425,005
		9,862,932	5,848,819
Current assets
Debtors		2,455,854	2,491,446
Cash at bank and in hand		93,066	92,627
		2,548,920	2,584,073
Creditors: amounts falling due within one year		(7,533,263)	(3,406,467)
Net current assets (liabilities)		(4,984,343)	(822,394)
Total assets less current liabilities		4,878,589	5,026,425
Creditors: amounts falling due after more than one year		(1,402,000)	(2,172,000)
Total net assets (liabilities)		3,476,589	2,854,425
Capital and reserves
Called up share capital	4	10,000	10,000
Profit and loss account		3,466,589	2,844,425
Shareholders' funds		3,476,589	2,854,425

For the year ending 30 April 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 2 March 2016

And signed on their behalf by:
Sony Douer, Director

LUCKWORTH PROPERTIES LIMITED Registered Number 02625483

Notes to the Abbreviated Accounts for the period ended 30 April 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.

Compliance with accounting standards:
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for rent and services and joint venture participation.

Tangible assets depreciation policy
Tangible fixed assets and depreciation:
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Other accounting policies
Investment:
Fixed asset investments are stated at cost less provision for diminution in value.

Group accounts:
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

2Tangible fixed assets

	£
Cost
At 1 May 2014	5,457,547
Additions	4,014,013
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	9,471,560
Depreciation
At 1 May 2014	33,733
Charge for the year	-
On disposals	-
At 30 April 2015	33,733
Net book values
At 30 April 2015	9,437,827
At 30 April 2014	5,423,814

3Fixed assets Investments
The company holds ordinary shares of 100% share capital of the following companies:
Majorstake Ltd, a property dealing and joint venture participation company registered in England and Wales. The aggregate amount of capital and reserve at the end of accounting year 2015 was £758,834 and the profit for the year then ended was £24,367.
Torchman Ltd , , a property dealing and joint venture participation company registered in England and Wales. The aggregate amount of capital and reserve at the end of accounting year 2015 was (£132,433) and the profit for the year then ended was £9,277.

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

	2015 £	2014 £
5,000 A Ordinary shares of £1 each	5,000	5,000
5,000 B Ordinary shares of £1 each	5,000	5,000

The ordinary A shares and ordinary B shares rank pari passu for all purposes.