Abbreviated Company Accounts - LIFE PROPERTY DEVELOPMENT LTD

LIFE PROPERTY DEVELOPMENT LTD - Company Information

09408505 LIFE PROPERTY DEVELOPMENT LTD 2016-03-31 false 2015-01-27 2016-03-31 true 09408505 2015-01-27 2016-03-31 09408505 2016-03-31 09408505 uk-gaap-cd-bus:Director1 2015-01-27 2016-03-31 09408505 uk-gaap-cd-bus:Director2 2015-01-27 2016-03-31 uk-gaap-cd-bus:Director3 2015-01-27 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-27 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP shares

Registered Number 09408505

LIFE PROPERTY DEVELOPMENT LTD

Abbreviated Accounts

31 March 2016

LIFE PROPERTY DEVELOPMENT LTD Registered Number 09408505

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016
		£
Current assets
Stocks		304,402
Debtors		55,588
Cash at bank and in hand		1,152
		361,142
Creditors: amounts falling due within one year		(361,086)
Net current assets (liabilities)		56
Total assets less current liabilities		56
Total net assets (liabilities)		56
Capital and reserves
Called up share capital	2	1
Profit and loss account		55
Shareholders' funds		56

For the year ending 31 March 2016 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 19 October 2016

And signed on their behalf by:
Daniel Madge, Director

LIFE PROPERTY DEVELOPMENT LTD Registered Number 09408505

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

Other accounting policies
Stock:
Stock is valued at the lower of cost and net realisable value.

Deferred taxation:
Deferred tax is recognised of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely that not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted,
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
1 Ordinary shares of £1 each	1

3Transactions with directors

Name of director receiving advance or credit:	Daniel Madge
Description of the transaction:	Interest free loan
Balance at 27 January 2015:	-
Advances or credits made:	£ 16,817
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 16,817