Langley Priory Estate Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06537013 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

LANGLEY PRIORY ESTATE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTOR:

T J Wagstaff

SECRETARY:

Mrs T K Wagstaff

REGISTERED OFFICE:

Langley Priory

Diseworth

Derbyshire

DE74 2QQ

REGISTERED NUMBER:

06537013 (England and Wales)

ACCOUNTANTS:

Smith Cooper Limited

Chartered Accountants

St Helen's House

King Street

Derby

DE1 3EE

FIXED ASSETS

Tangible assets

2

1,258,735

1,264,088

CURRENT ASSETS

Debtors

15,831

300

Cash at bank and in hand

94,774

30,942

110,605

31,242

CREDITORS

Amounts falling due within one year

1,326,052

1,301,155

NET CURRENT LIABILITIES

(1,215,447

)

(1,269,913

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

43,288

(5,825

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

43,287

(5,826

)

SHAREHOLDERS' FUNDS

43,288

(5,825

)

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

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

The director acknowledges his 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 director on 28 December 2016 and were signed by:

T J Wagstaff - Director

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover is recognised when deposits or rental income are received .

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated

to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives

on the following bases:

Freehold property - 0% straight line

Fixtures & Fittings - 20% straight line

Going concern

The director has prepared the financial statements on a going concern basis. The director considers

this to be appropriate as he has received assurances from the company's loan creditors to the effect

that the loan creditors will continue to make funds available to the company for the foreseeable future

and will continue to meet the company's obligations to the other creditors as and when they fall due.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,295,184

Additions

14,607

At 31 March 2016

1,309,791

DEPRECIATION

At 1 April 2015

31,096

Charge for year

19,960

At 31 March 2016

51,056

NET BOOK VALUE

At 31 March 2016

1,258,735

At 31 March 2015

1,264,088

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1