LONGFORD_PROPERTY_PARTNER - Accounts
LONGFORD_PROPERTY_PARTNER - Accounts
Company Registration No. 04806464 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Investments
2
Current assets
Stocks
-
Debtors
3
Cash at bank and in hand
Creditors: amounts falling due within one year
(637,039 )
(629,763 )
Net current liabilities
(516,419 )
(299,190 )
Total assets less current liabilities
(406,382 )
(191,992 )
Capital and reserves
Called up share capital
4
Profit and loss account
(408,607 )
(194,217 )
Shareholders' funds
(406,382 )
(191,992 )
Director's responsibilities:
-
-
Approved by the Board for issue on 22 March 2017
Director
Company Registration No. 04806464
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Land and buildings
Office equipment
Motor vehicles
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Stock
Work in progress is valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.8
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
1.9
Going concern
The financial statements have been prepared on a going concern basis dependent upon the continued support of D David, director. The director is not aware of any circumstances that will result in support being withdrawn.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 July 2015
2,252
132,667
Additions
-
5,500
At 30 June 2016
2,252
138,167
Depreciation
At 1 July 2015
-
25,469
Charge for the year
-
2,661
At 30 June 2016
-
28,130
Net book value
At 30 June 2016
110,037
At 30 June 2015
107,198
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Participating interests
Ordinary B
Ordinary
Ordinary
Ordinary
Ordinary
Ordinary
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
2
Fixed assets
(Continued)
- 4 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
100
-
(231,310)
(31,358)
(132,518)
263
(20,204)
(1,850)
(1,509,332)
(1,090,497)
2
-
Included in the above is an indirect holding in Scarford (Hirwaun) Limited and Scarford Hirwaun No. 1 Limited and these both relate to the year ended 29 February 2016.
The figures for Longford Property (Hirwaun) Limited and Valad Wales Limited relate to the year ended 30 June 2015. The figures for Bishopstone Homes Limited relate to the year ended 30 September 2014 and the figures for Bishopstone Homes (Penclawdd) Limited relate to the year ended 31 March 2016.
3
Debtors
Debtors include an amount of £116,919 (2015 - £323,895) which is due after more than one year.
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
5
Control
During the year the company was jointly controlled by D David and S R David, who are directors and shareholders of the company, post year end control was transferred to D David.