L B Longley Investments Limited - Abbreviated accounts 16.3
L B Longley Investments Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| L B LONGLEY INVESTMENTS LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| L B LONGLEY INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| ABBREVIATED BALANCE SHEET |
| 31 OCTOBER 2016 |
| 31.10.16 | 31.10.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Other reserves |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 OCTOBER 2016 |
| The financial statements were approved by the Board of Directors on |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Turnover |
| Turnover represents rents receivable during the year. |
| Tangible fixed assets |
| Short leasehold | - |
| Office equipment | - |
| Deferred tax |
| Full provision is made for deferred tax assets and liabilities arising from all timing differences between the |
| recognition of gains and losses in the financial statements and recognition in the tax computation. |
| Deferred tax is not provided on timing differences arising from the revaluation of fixed assets in the financial |
| statements. |
| A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable |
| taxable profits from which the future reversal of the underlying timing differences can be deducted. |
| Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing |
| differences are expected to reverse. |
| Deferred tax assets and liabilities are not discounted. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Investments |
| Investments held as fixed assets are shown at cost less provision for impairment. |
| Investment properties |
| Investment properties are revalued annually. Surpluses or deficits on individual properties are transferred to the |
| investment revaluation reserve, except that a deficit which is expected to be permanent and which is in excess of |
| any previously recognised surplus over cost relating to the same property, or the reversal of such a deficit, is |
| charged (or credited) to the profit and loss account. Depreciation is not provided in respect of freehold |
| investment properties. The directors consider that this accounting policy, which represents a departure from the |
| requirements of the Companies Act 2006, is necessary to provide a true and fair view as required under SSAP |
| 19. The financial effect of the departure from the statutory accounting rules is shown in the notes to the financial |
| statements. |
| L B LONGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 00553694) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 November 2015 |
| Additions |
| Disposals | ( |
) |
| Exchange differences |
| At 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.16 | 31.10.15 |
| value: | £ | £ |
| Ordinary | 5p |