Lowrey Property Developments Limited,Ltd - Accounts

LOWREY PROPERTY DEVELOPMENTS LIMITED - Company Information

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Lowrey Property Developments Limited

For the year ended 30 June 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 05467830

Contents Page

Lowrey Property Developments Limited

For the year ended 30 June 2016

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

Lowrey Property Developments Limited

As at 30 June 2016

05467830

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

134,000

Current assets

Debtors

16,983

Cash at bank and in hand

17,004

Creditors: amounts falling due within one year

(60,585)

(178,728)

(43,581)

(178,682)

Net current liabilities

Total assets less current liabilities

(44,682)

(43,581)

(44,682)

Net liabilities

(43,581)

Capital and reserves

Called up share capital

100

Profit and loss account

(44,782)

(43,681)

(44,682)

(43,581)

Shareholders funds

For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 15 November 2016

Roger Lowrey Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Lowrey Property Developments Limited

For the year ended 30 June 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Investment properties

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The

resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those

investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective

January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be

depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to

give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation

and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

134,000

Additions

At 30 June 2016

134,000

Net book values

At 30 June 2016

134,000

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Notes to the Abbreviated Financial Statements

Lowrey Property Developments Limited

For the year ended 30 June 2016

3 Share capital

Allotted called up and fully paid

2016

2015

100 Ordinary shares of £1.00 each

100

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