Limitlease Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04677304 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Limitlease Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr S Goldstone

Mr L Magar

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

04677304 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Investments

2

870,499

870,499

CURRENT ASSETS

Cash in hand

100

100

CREDITORS

Amounts falling due within one year

858,152

858,254

NET CURRENT LIABILITIES

(858,052

)

(858,154

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,447

12,345

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

12,347

12,245

SHAREHOLDERS' FUNDS

12,447

12,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 24 February 2017 and were signed on its behalf by:

Mr S Goldstone - 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 services, excluding value added tax.

Deferred tax

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

Fixed asset investments

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2015

and 31 October 2016

870,499

NET BOOK VALUE

At 31 October 2016

870,499

At 31 October 2015

870,499

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Melview Properties Limited

Nature of business: Property Investment

%

Class of shares:

holding

Ordinary

100.00

31.10.16

31.10.15

£

£

Aggregate capital and reserves

2,065,199

1,504,848

Profit for the year

126,952

104,858

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

Mr L Magar

Director

It is interest free.

31.10.16

31.10.15

£

£

Amount due to related party at the balance sheet date

16,773

91,523

Melview Properties Limited

A company controlled by Limitlease Limited.

This loan is interest free.

31.10.16

31.10.15

£

£

Amount due to related party at the balance sheet date

832,003

682,467

Mr S Goldstone

Director.

This loan is interest free.

31.10.16

31.10.15

£

£

Amount due to related party at the balance sheet date

8,878

83,628

5.	ULTIMATE CONTROLLING PARTY

6.	CONSOLIDATED FINANCIAL STATEMENTS

The company has taken advantage of the exemption available to small groups and has not prepared consolidated financial statements.