Langdale Western Limited - Abbreviated accounts 16.3
Langdale Western Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30th November 2016 |
| for |
| LANGDALE WESTERN LIMITED |
| LANGDALE WESTERN LIMITED (REGISTERED NUMBER: 03990503) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30th November 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| LANGDALE WESTERN LIMITED |
| Company Information |
| for the Year Ended 30th November 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| LANGDALE WESTERN LIMITED (REGISTERED NUMBER: 03990503) |
| Abbreviated Balance Sheet |
| 30th November 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| 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. |
| The financial statements were approved by the Board of Directors on by: |
| LANGDALE WESTERN LIMITED (REGISTERED NUMBER: 03990503) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30th November 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historic cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents income receivable from the sale of land and property, and services arising from other |
| property related activities during the period. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Cost is defined as the purchase cost less any residual value. |
| Depreciation is then charged from the month of acquisition at the above rates. |
| The net book values of the assets are regularly reviewed by the directors and any further appropriate adjustments |
| to carrying values are made. |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. Stock cost represents the costs incurred in respect of |
| the acquisition of land and property. Cost includes all expenditure in respect of an acquisition, including initial |
| expenditure in assessing the viability of a property transaction, together with costs incurred in bringing the |
| property to its present condition. Property purchase price will have been determined at the outset with reference |
| to independent valuations. Where it is likely that the initial speculative costs will not then result in the final |
| acquisition of the property, those costs are written off to the Profit & Loss account. Net realisable value is based |
| on estimated selling price less further costs expected to be incurred prior to disposal. |
| Deferred tax |
| Deferred taxation is recognised in respect of all timing differences between the treatment of certain items for |
| taxation and accounting purposes which have arisen but not reversed by the balance sheet date. Full provision is |
| made without discounting for all deferred tax liabilities. Deferred tax assets are recognised to the extent that it is |
| more likely than not that they will be recovered against taxable profits. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st December 2015 |
| Disposals | ( |
) |
| At 30th November 2016 |
| DEPRECIATION |
| At 1st December 2015 |
| Eliminated on disposal | ( |
) |
| At 30th November 2016 |
| NET BOOK VALUE |
| At 30th November 2016 |
| At 30th November 2015 |
| LANGDALE WESTERN LIMITED (REGISTERED NUMBER: 03990503) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30th November 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |