Landand Limited - Limited company - abbreviated - 11.9
Landand Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 August 2015 |
for |
Landand Limited |
Landand Limited (Registered number: 07004571) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 August 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Landand Limited |
Company Information |
for the Year Ended 31 August 2015 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Landand Limited (Registered number: 07004571) |
Abbreviated Balance Sheet |
31 August 2015 |
31.8.15 | 31.8.14 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 2 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Investment property revaluation reserve |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 financial statements were approved by the Board of Directors on its behalf by: |
Landand Limited (Registered number: 07004571) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 August 2015 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company has net liabilities at 31 August 2015 of £779 and is, therefore, reliant on the continued |
support of its principal creditors. The directors are confident that this support will not be withdrawn |
and as a result the going concern basis of accounting has been adopted. |
These accounts do not reflect any changes that would be required if the going concern basis was not |
considered to be appropriate. |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
Entities (effective April 2008). |
Turnover |
Turnover represents rental income derived from the company's leasehold properties. |
Investment properties |
Investment properties are stated at their open market value and are revalued annually by the |
directors of the company. The aggregate surplus or deficit is transferred to the revaluation reserve. |
No depreciation is provided in respect of investment properties. |
Deferred tax |
Deferred tax is provided in full on timing differences that result in an obligation at the balance sheet |
date to pay more or less tax, at a future date, at rates expected to apply when they crystallise based |
on current rates and laws. Timing differences arise from the inclusion of items of income and |
expenditure in taxation computations in periods different from those in which they are included in |
financial statements. Deferred tax assets are recognised to the extent that it is regarded as more |
likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. |
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where |
there is no commitment to sell the asset. |
2. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 September 2014 |
Disposals | ( |
) |
At 31 August 2015 |
NET BOOK VALUE |
At 31 August 2015 |
At 31 August 2014 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.15 | 31.8.14 |
value: | £ | £ |
Ordinary | £1 |