Abbreviated Company Accounts - LINEAGE PROPERTIES LIMITED

LINEAGE PROPERTIES LIMITED - Company Information

00680985 LINEAGE PROPERTIES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00680985 2015-04-01 2016-03-31 00680985 2016-03-31 00680985 2015-03-31 00680985 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00680985 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 00680985

LINEAGE PROPERTIES LIMITED

Abbreviated Accounts

31 March 2016

LINEAGE PROPERTIES LIMITED Registered Number 00680985

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	363,852	363,852
		363,852	363,852
Current assets
Debtors		19,066	-
Investments		400	400
Cash at bank and in hand		203,981	148,921
		223,447	149,321
Creditors: amounts falling due within one year		(174,150)	(166,063)
Net current assets (liabilities)		49,297	(16,742)
Total assets less current liabilities		413,149	347,110
Total net assets (liabilities)		413,149	347,110
Capital and reserves
Called up share capital	3	100	100
Revaluation reserve		50,941	50,941
Profit and loss account		362,108	296,069
Shareholders' funds		413,149	347,110

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 16 December 2016

And signed on their behalf by:
NIZZA FLUSS, Director

LINEAGE PROPERTIES LIMITED Registered Number 00680985

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 April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Investment properties

SSAP 19 requires investment properties to be included in the balance sheet at their open market value. In the opinion of the directors the costs involved in obtaining such a valuation outweigh the benefits to be gained by doing so. No depreciation is provided in respect of investment properties.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 April 2015	363,852
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	363,852
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	363,852
At 31 March 2015	363,852

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100