Lear Developments Holdings Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09346568 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE PERIOD 9 DECEMBER 2014 TO 31 DECEMBER 2015

FOR

LEAR DEVELOPMENTS HOLDINGS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

Mrs K K Lear

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

09346568 (England and Wales)

ACCOUNTANTS:

Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to seven)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Lear Developments Holdings Limited for the period ended 31 December 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Lear Developments Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lear Developments Holdings Limited and state those matters that we have agreed to state to the director of Lear Developments Holdings Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Lear Developments Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lear Developments Holdings Limited. You consider that Lear Developments Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Lear Developments Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

17 August 2016

FIXED ASSETS

Investments

2

101

Investment property

3

2,100,000

2,100,101

CURRENT ASSETS

Debtors

234,333

CREDITORS

Amounts falling due within one year

4

5,319

NET CURRENT ASSETS

229,014

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,329,115

CREDITORS

Amounts falling due after more than one year

4

1,421,000

NET ASSETS

908,115

CAPITAL AND RESERVES

Called up share capital

5

100

Revaluation reserve

901,045

Profit and loss account

6,970

SHAREHOLDERS' FUNDS

908,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 16 August 2016 and were signed by:

Mrs K K Lear - Director

1.	ACCOUNTING POLICIES

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 value at which the investment properties are sold along with any rent received from the

properties, excluding VAT.

The turnover is recognised when the company has the right to consideration.

Investment property

In accordance with Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation is

provided in respect of investment properties. This is a departure from the requirement of the Companies Act 2006

which requires all properties to be depreciated. In the opinion of the directors these properties are held primarily for

their investment potential and so their current value is of more significance than any measure of consumption and to

depreciate them would not give a true and fair view. The provisions of the FRSSE (effective April 2008) in respect

of investment properties have therefore been adopted in order to give a true and fair view. If this departure from the

Act had not been made, the profit for the year would have been reduced by depreciation.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Investments

Fixed asset investments are shown at cost less any provisions.

Revaluation reserve

Surpluses arising from the valuation of properties are taken directly to the revaluation reserve. Deficits are

eliminated against any revaluation reserve in respect of that income generating unit with any excess, to the extent that

it represents an impairment, being charged to profit and loss account. Surpluses or deficits realised on the disposal of

an asset are transferred from the investment revaluation reserve to the profit and loss account reserve.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

101

At 31 December 2015

101

NET BOOK VALUE

At 31 December 2015

101

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Lear Developments Limited

Nature of business: Property development and investment

%

Class of shares:

holding

Ordinary

100.00

31/12/15

£

Aggregate capital and reserves

(5,035

)

Loss for the period

(5,036

)

Sana (Reedham) Limited

Nature of business: Property development and investment

%

Class of shares:

holding

Ordinary

100.00

31/12/15

£

Aggregate capital and reserves

100

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Additions

1,198,955

Revaluations

901,045

At 31 December 2015

2,100,000

NET BOOK VALUE

At 31 December 2015

2,100,000

4.

CREDITORS

Creditors include an amount of £ 1,421,000 for which security has been given.

They also include the following debts falling due in more than five years:

£

Repayable otherwise than by instalments

1,421,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100