The Lettings Lounge (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08067097 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2016

FOR

THE LETTINGS LOUNGE (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr Stephen Albert Haynes

Mrs Anna Maria Nepip-Frankis

REGISTERED OFFICE:

163a Warwick Road

Olton

Solihull

West Midlands

B92 7AR

REGISTERED NUMBER:

08067097 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

2

209

279

CURRENT ASSETS

Debtors

2,143

3,214

Cash at bank and in hand

3,572

3,236

5,715

6,450

CREDITORS

Amounts falling due within one year

6,814

6,637

NET CURRENT LIABILITIES

(1,099

)

(187

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(890

)

92

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(990

)

(8

)

SHAREHOLDERS' FUNDS

(890

)

92

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 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 Board of Directors on 9th February 2017 and were signed on its behalf by:

Mr Stephen Albert Haynes - Director

Mrs Anna Maria Nepip-Frankis - 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).

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

and 31st May 2016

662

DEPRECIATION

At 1st June 2015

383

Charge for year

70

At 31st May 2016

453

NET BOOK VALUE

At 31st May 2016

209

At 31st May 2015

279

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

1

100

100