Abbreviated Company Accounts - LAKESIDE PROPERTY PORTFOLIO LIMITED

LAKESIDE PROPERTY PORTFOLIO LIMITED - Company Information

07986466 LAKESIDE PROPERTY PORTFOLIO LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07986466 2015-04-01 2016-03-31 07986466 2016-03-31 07986466 2015-03-31 07986466 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07986466 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 07986466

LAKESIDE PROPERTY PORTFOLIO LIMITED

Abbreviated Accounts

31 March 2016

LAKESIDE PROPERTY PORTFOLIO LIMITED Registered Number 07986466

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	817,719	812,971
		817,719	812,971
Current assets
Debtors		-	100
Cash at bank and in hand		11,203	5,967
		11,203	6,067
Creditors: amounts falling due within one year		(22,441)	(12,928)
Net current assets (liabilities)		(11,238)	(6,861)
Total assets less current liabilities		806,481	806,110
Creditors: amounts falling due after more than one year		(726,119)	(763,698)
Total net assets (liabilities)		80,362	42,412
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		80,262	42,312
Shareholders' funds		80,362	42,412

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 December 2016

And signed on their behalf by:
Dr G Davies, Director

LAKESIDE PROPERTY PORTFOLIO LIMITED Registered Number 07986466

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - Nil

Investment property
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

2Tangible fixed assets

	£
Cost
At 1 April 2015	812,971
Additions	4,748
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	817,719
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	817,719
At 31 March 2015	812,971

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

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