Langford Park Limited - Period Ending 2016-03-31

 
 
 
 
 
 
 
  Langford Park Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 March 2016
 
  Company Registration Number: 06880415

Langford Park Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Langford Park Limited
Abbreviated Balance Sheet
31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			1,777,866			1,739,740
Current assets
Debtors					367,255			354,675
Cash at bank and in hand					4,373			3,271
					371,628			357,946
Creditors: Amounts falling due within one year					(352,953)			(426,789)
Net current assets/(liabilities)					18,675			(68,843)
Total assets less current liabilities					1,796,541			1,670,897
Creditors: Amounts falling due after more than one year					(903,545)			(1,004,491)
Provisions for liabilities					(29,250)			(27,700)
Net assets					863,746			638,706
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					863,646			638,606
Shareholders' funds					863,746			638,706

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Langford Park Limited
Abbreviated Balance Sheet
31 March 2016 ......... continued

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 its behalf by:

Mr D Griffith
Director

Company Registration Number: 06880415

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Langford Park Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for services provided. Revenue is recognised on the provision of the service.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold Property	3% straight line
Plant & Machinery	25% straight line
Fixtures & Fittings	20% reducing balance
Motor Vehicles	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Langford Park Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		2,129,451			2,129,451
Additions		115,761			115,761
At 31 March 2016		2,245,212			2,245,212
Depreciation
At 1 April 2015		389,711			389,711
Charge for the year		77,635			77,635
At 31 March 2016		467,346			467,346
Net book value
At 31 March 2016		1,777,866			1,777,866
At 31 March 2015		1,739,740			1,739,740

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		165,640			221,965
Amounts falling due after more than one year		903,546			1,004,491
Total secured creditors		1,069,186			1,226,456

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
100 Ordinary shares of £1 each		100			100			100			100

Page 4

Langford Park Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016 ......... continued

5

Control

The immediate parent company is Vision (UK) Limited, a company registered in England and Wales .
 

Page 5