Let Developments Limited - Abbreviated accounts 16.3
Let Developments Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the period |
| 1 November 2015 to 31 August 2016 |
| for |
| Let Developments Limited |
| Let Developments Limited (Registered number: 06386657) |
| Contents of the Abbreviated Accounts |
| for the period 1 November 2015 to 31 August 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Let Developments Limited |
| Company Information |
| for the period 1 November 2015 to 31 August 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Let Developments Limited (Registered number: 06386657) |
| Abbreviated Balance Sheet |
| 31 August 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 3 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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 financial statements were approved by the director on |
| Let Developments Limited (Registered number: 06386657) |
| Notes to the Abbreviated Accounts |
| for the period 1 November 2015 to 31 August 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis, which assumes that the company will continue in |
| existence for the foreseeable future, which the director considers to be appropriate. |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small |
| company. |
| Income |
| Income represents net invoiced rental of property and gym equipment, excluding value added tax. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), no depreciation is |
| provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies |
| Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate the property would not |
| give a true and fair view. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, 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 is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which |
| the timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively |
| enacted by the balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2015 |
| and 31 August 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for period |
| At 31 August 2016 |
| NET BOOK VALUE |
| At 31 August 2016 |
| At 31 October 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| Let Developments Limited (Registered number: 06386657) |
| Notes to the Abbreviated Accounts - continued |
| for the period 1 November 2015 to 31 August 2016 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 52,746 | 81,525 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |