Leckhampton Estates Investments Limited - Abbreviated accounts 16.1
Leckhampton Estates Investments Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st December 2015 |
| for |
| LECKHAMPTON ESTATES INVESTMENTS LIMITED |
| LECKHAMPTON ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 04822680) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st December 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| LECKHAMPTON ESTATES INVESTMENTS LIMITED |
| Company Information |
| for the Year Ended 31st December 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| LECKHAMPTON ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 04822680) |
| Abbreviated Balance Sheet |
| 31st December 2015 |
| 2015 | 2014 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| 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 |
| 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 behalf by: |
| LECKHAMPTON ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 04822680) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st December 2015 |
| 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 income generated from the sale of properties with an appropriate sales value adjustment for |
| properties exchanged but not completed at the financial period end. In addition, turnover includes rental income |
| derived from properties held for sale. |
| Tangible assets |
| Freehold property | - |
| Cost is defined as purchase cost less any residual value. |
| Depreciation is charged from the month of acquisition at the above rates. |
| The net book values of the assets are regularly reviewed by the director and further adjustments to carrying |
| values are made where considered appropriate. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Stock consists of property and property development expenditure held for resale. Cost is defined as the purchase |
| price plus any other associated expenditure attributable to the individual properties or sites held for resale. |
| Net realisable value is considered to be amounts receivable in respect of the properties held for sale less future |
| estimated costs expected to be incurred prior to sale. |
| Deferred tax |
| Deferred taxation is recognised in respect of all timing differences between the treatment of certain items for |
| taxation and accounting purposes which have arisen but not reversed by the balance sheet date. Full provision is |
| made without discounting for all deferred tax liabilities. Deferred tax assets are recognised to the extent that it is |
| more likely than not that they will be recovered against taxable profits. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st January 2015 |
| and 31st December 2015 |
| NET BOOK VALUE |
| At 31st December 2015 |
| At 31st December 2014 |
| LECKHAMPTON ESTATES INVESTMENTS LIMITED (REGISTERED NUMBER: 04822680) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st December 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st December 2015 and |
| 31st December 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) |