LPC Properties Limited - Abbreviated accounts 16.3

LPC Properties Limited - Abbreviated accounts 16.3

LPC PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 09022360 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

LPC PROPERTIES LIMITED

LPC PROPERTIES LIMITED (REGISTERED NUMBER: 09022360)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

LPC PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2016







DIRECTORS: P Ciccone
Mrs L Ciccone





REGISTERED OFFICE: Barn Cottage
Newbarn Lane
Seer Green
Beaconsfield
Buckinghamshire
HP9 2QZ





REGISTERED NUMBER: 09022360 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY
Page 1
LPC PROPERTIES LIMITED (REGISTERED NUMBER: 09022360)

ABBREVIATED BALANCE SHEET
31 MAY 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Stocks 655,056 -
Debtors 1,233 390,000
Cash at bank and in hand 15,291 309,991
671,580 699,991
CREDITORS
Amounts falling due within one year 676,658 701,506
NET CURRENT LIABILITIES (5,078 ) (1,515 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(5,078
)
(1,515
)

CAPITAL AND RESERVES
Called up share capital 2 100 100
Profit and loss account (5,178 ) (1,615 )
SHAREHOLDERS' FUNDS (5,078 ) (1,515 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 28 November 2016 and were signed on its behalf
by:





P Ciccone - Director


The notes form part of these abbreviated accounts

Page 2
LPC PROPERTIES LIMITED (REGISTERED NUMBER: 09022360)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016

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).

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

Going concern
Where current liabilities exceed current assets the director considers the ability of the company to continue to
meet its liabilities from liquid assets as and when the liabilities fall due. The director also considers the support
given to the company by its creditors. If the director is satisfied that the company can meet its liabilities as and
when the fall due, and that the company has sufficient support from its creditors, the accounts are prepared on a
going concern basis.

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

3. ULTIMATE CONTROLLING PARTY

The Controlling parties are Mr & Mrs Ciccone by virtue of their ownership of 50% of the share capital each.

4. RELATED PARTY NOTES

As at 31st May 2015 the company owed £675,000 to Silvio Quality Sandwich Bars Limited (2015: £700,000).
Silvio Quality Sandwich Bars Limited and LPC properties Limited are related parties by virtue of common
shareholders and directors.

5. GOING CONCERN

Where current liabilities exceed current assets the director considers the ability of the company to continue to
meet its liabilities from liquid assets as and when the liabilities fall due. The director also considers the support
given to the company by its creditors. If the director is satisfied that the company can meet its liabilities as and
when the fall due, and that the company has sufficient support from its creditors, the accounts are prepared on a
going concern basis.

Page 3