Lescren Holdings Limited - Accounts to registrar - small 16.1.1

Lescren Holdings Limited - Accounts to registrar - small 16.1.1

LESCREN HOLDINGS LIMITED - Company Information

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LESCREN HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH SEPTEMBER 2016






LESCREN HOLDINGS LIMITED (REGISTERED NUMBER: 01312749)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

LESCREN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2016







DIRECTORS: S J Lousada
S C Lousada





SECRETARY: S A Hunt





REGISTERED OFFICE: Estate Office
Oakley House
Oakley
Bedfordshire
MK43 7ST





REGISTERED NUMBER: 01312749 (England and Wales)





ACCOUNTANTS: Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN
Page 1
LESCREN HOLDINGS LIMITED (REGISTERED NUMBER: 01312749)

BALANCE SHEET
30TH SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1 769,851

CURRENT ASSETS
Cash at bank 140,383 92,437

CREDITORS
Amounts falling due within one year 5 114,830 53,255
NET CURRENT ASSETS 25,553 39,182
TOTAL ASSETS LESS CURRENT
LIABILITIES
25,554
809,033

CREDITORS
Amounts falling due after more than one
year
6
-
202,727
NET ASSETS 25,554 606,306

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 15,554 596,306
SHAREHOLDERS' FUNDS 25,554 606,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 notes form part of these financial statements

Page 2 continued...
LESCREN HOLDINGS LIMITED (REGISTERED NUMBER: 01312749)

BALANCE SHEET - continued
30TH SEPTEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.


The financial statements were approved by the Board of Directors on 24th January 2017 and were signed on its behalf
by:





S C Lousada - Director


The notes form part of these financial statements

Page 3
LESCREN HOLDINGS LIMITED (REGISTERED NUMBER: 01312749)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2016

1. STATUTORY INFORMATION

Lescren Holdings Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.

The significant accounting policies applied in the presentation of these financial statements are set out below.
These policies have been consistently applied to al periods presented unless otherwise stated.

The directors have elected to early adopt FRS102 1A.

Turnover
Turnover represents rents and service recharges receivable from tenants of investment properties, stated net of
value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated
in the financial statements that arise from the inclusion of income and expense in tax assessments in periods
different from those in which they are recognised in the financial statements. Unrelieved tax losses and other
deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the
reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued
non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that
apply to the sale of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 4 continued...
LESCREN HOLDINGS LIMITED (REGISTERED NUMBER: 01312749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2016

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2015 769,851
Disposals (769,850 )
At 30th September 2016 1
NET BOOK VALUE
At 30th September 2016 1
At 30th September 2015 769,851

No formal independent valuation was carried out in the year.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors - 286
Amounts owed to group undertakings 113,830 -
Corporation tax - 14,849
Amounts owed to related
parties - 35,120
Accruals and deferred income 1,000 3,000
114,830 53,255

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Amounts owed to related
parties - 202,727
- 202,727

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S C Lousada.


8. ULTIMATE PARENT COMPANY

The ultimate parent company at the balance sheet date was Lousada Investment Holdings Limited. Their
registered office is Estate Office, Oakley House, Oakley, Bedfordshire MK43 7ST.

Copies of the consolidated financial statements of Lousada Investment Holdings Limited are available from
Companies House.

9. FIRST YEAR ADOPTION

No transitional adjustments were deemed necessary to distributable profits on transition to FRS 102 1A.


Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LESCREN HOLDINGS LIMITED

The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and
certain other primary statements and the Report of the Directors are not required to be filed with the Registrar
of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Lescren Holdings Limited for the year ended 30th September 2016 which comprise the Statement
of Comprehensive Income, Balance Sheet, and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Lescren Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lescren Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Lescren Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lescren Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lescren Holdings Limited. You consider that Lescren Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lescren Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


25th January 2017

This page does not form part of the statutory financial statements

Page 6