Abbreviated Company Accounts - LXE PROPERTIES LTD

LXE PROPERTIES LTD - Company Information

08608543 LXE PROPERTIES LTD 2015-07-31 false 2014-08-01 2015-07-31 true 08608543 2014-08-01 2015-07-31 08608543 2015-07-31 08608543 2014-07-31 08608543 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 08608543 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 08608543

LXE PROPERTIES LTD

Abbreviated Accounts

31 July 2015

LXE PROPERTIES LTD Registered Number 08608543

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	411	671
		411	671
Current assets
Stocks		-	275,266
Debtors		-	151,141
Cash at bank and in hand		327,533	443
		327,533	426,850
Creditors: amounts falling due within one year		(277,082)	(430,779)
Net current assets (liabilities)		50,451	(3,929)
Total assets less current liabilities		50,862	(3,258)
Total net assets (liabilities)		50,862	(3,258)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		50,762	(3,358)
Shareholders' funds		50,862	(3,258)

For the year ending 31 July 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 29 April 2016

And signed on their behalf by:
A Stavrou, Director

LXE PROPERTIES LTD Registered Number 08608543

Notes to the Abbreviated Accounts for the period ended 31 July 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.

Turnover policy
Turnover comprises revenue recognised by the company in respect of the sale of trading properties.

Revenue on the sale of a property is recognised when completion of the sales contract occurs during the accounting period.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment - 3 years straight line

Other accounting policies
STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value. Cost includes all direct costs.

JOINT ARRANGEMENTS THAT ARE NOT ENTITIES ("JANE")

A JANE is a contractual arrangement with other participants to engage in joint activities where no separate entity is created. Such arrangements are accounted for in the financial statements by including only the Group's share of assets and liabilities, in accordance with the terms of the arrangement.

2Tangible fixed assets

	£
Cost
At 1 August 2014	779
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	779
Depreciation
At 1 August 2014	108
Charge for the year	260
On disposals	-
At 31 July 2015	368
Net book values
At 31 July 2015	411
At 31 July 2014	671

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100