Letters Property Management (UK) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06415675 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Letters Property Management (UK) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D R Olley

REGISTERED OFFICE:

6 Laburnum Terrace

Ashington

Northumberland

NE63 0XX

REGISTERED NUMBER:

06415675 (England and Wales)

ACCOUNTANTS:

Peter Weldon & Co. Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

13,550

15,267

13,550

15,267

CURRENT ASSETS

Debtors

2,245

1,122

Cash at bank and in hand

53,564

47,537

55,809

48,659

CREDITORS

Amounts falling due within one year

26,677

53,469

NET CURRENT ASSETS/(LIABILITIES)

29,132

(4,810

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,682

10,457

CAPITAL AND RESERVES

Called up share capital

4

76

2

Profit and loss account

42,606

10,455

SHAREHOLDERS' FUNDS

42,682

10,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 May 2016 and were signed by:

D R Olley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

not provided

Fixtures and fittings

-

15% on reducing balance per annum

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

5,000

AMORTISATION

At 1 December 2014

and 30 November 2015

5,000

NET BOOK VALUE

At 30 November 2015

-

At 30 November 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

24,747

Additions

332

At 30 November 2015

25,079

DEPRECIATION

At 1 December 2014

9,480

Charge for year

2,049

At 30 November 2015

11,529

NET BOOK VALUE

At 30 November 2015

13,550

At 30 November 2014

15,267

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

75

ordinary

£1

76

2