Abbreviated Company Accounts - LINTHORPE DEVELOPMENTS LIMITED

LINTHORPE DEVELOPMENTS LIMITED - Company Information

07831723 LINTHORPE DEVELOPMENTS LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 07831723 2013-01-01 2013-12-31 07831723 2013-12-31 07831723 2012-12-31 07831723 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 07831723 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director3 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 07831723

LINTHORPE DEVELOPMENTS LIMITED

Abbreviated Accounts

31 December 2013

LINTHORPE DEVELOPMENTS LIMITED Registered Number 07831723

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	2,501,250	1,500,000
		2,501,250	1,500,000
Current assets
Debtors		216,622	150,101
Cash at bank and in hand		23,915	22,923
		240,537	173,024
Creditors: amounts falling due within one year		(84,626)	(677,781)
Net current assets (liabilities)		155,911	(504,757)
Total assets less current liabilities		2,657,161	995,243
Creditors: amounts falling due after more than one year		(703,163)	-
Total net assets (liabilities)		1,953,998	995,243
Capital and reserves
Called up share capital	3	204	204
Revaluation reserve		1,837,796	863,470
Profit and loss account		115,998	131,569
Shareholders' funds		1,953,998	995,243

For the year ending 31 December 2013 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 19 September 2014

And signed on their behalf by:
Mr G Hogg, Director

LINTHORPE DEVELOPMENTS LIMITED Registered Number 07831723

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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.

Turnover policy
Turnover represents the amounts of rent receivable from investment properties.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant & Machinery 25% Reducing Balance
Fixtures, Fittings & Equipment 0% Straight Line

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 April 2008), its is 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.

Tangible fixed assets are stated at cost or valuation less depreciation. Fixtures, fittings and equipment represent integral features within the investment property. The carrying value of these features is based on annual valuations carried out, by qualified chartered surveyors, on an open market basis.

2Tangible fixed assets

	£
Cost
At 1 January 2013	1,500,000
Additions	27,341
Disposals	-
Revaluations	974,326
Transfers	-
At 31 December 2013	2,501,667
Depreciation
At 1 January 2013	-
Charge for the year	417
On disposals	-
At 31 December 2013	417
Net book values
At 31 December 2013	2,501,250
At 31 December 2012	1,500,000

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

	2013 £	2012 £
204 Ordinary shares of £1 each	204	204

4Transactions with directors

Name of director receiving advance or credit:	G Hogg
Description of the transaction:	Loan
Balance at 1 January 2013:	£ 0
Advances or credits made:	£ 192,888
Advances or credits repaid:	£ 126,746
Balance at 31 December 2013:	£ 66,142

The above directors had interest free loans during the year. The movement on these loans are as above: