Levy Properties Limited Small abbreviated accounts

LEVY PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 09094776

LEVY PROPERTIES LIMITED

ABBREVIATED ACCOUNTS

31 December 2014

JIGSOL BUSINESS SOLUTIONS LTD

Chartered Certified Accountants

Athene House

86 The Broadway

Mill Hill

London

NW7 3TD

LEVY PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

31 December 2014

	2014
Note	£	£

FIXED ASSETS

Investments	2		621,637

CURRENT ASSETS

Debtors	3,442
Cash at bank and in hand	9,663
	---------
	13,105
CREDITORS: Amounts falling due within one year	101,898
	----------
NET CURRENT LIABILITIES		( 88,793)
		----------
TOTAL ASSETS LESS CURRENT LIABILITIES		532,844

CREDITORS: Amounts falling due after more than one year		532,210
		----------
		634
		----------

CAPITAL AND RESERVES

Called up equity share capital	3		100
Profit and loss account		534
		----
SHAREHOLDERS' FUNDS		634
		----

For the year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 13 May 2016 , and are signed on their behalf by:

Mr S M Levy Director

Company Registration Number: 09094776

LEVY PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 DECEMBER 2014

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. FIXED ASSETS

	Investments
	£

COST

Additions	621,637
	----------
At 31 December 2014	621,637
	----------

NET BOOK VALUE

At 31 December 2014	621,637
	----------

At 31 December 2013	–
	----------

3. SHARE CAPITAL

Allotted and called up:

No	£
Ordinary shares of £ 1 each	100	100
	----	----