Law Russell House Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07845383 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Law Russell House Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

SECRETARY:

REGISTERED OFFICE:

Albion House

64 Vicar Lane

Bradford

West Yorkshire

BD1 5AH

REGISTERED NUMBER:

07845383 (England and Wales)

ACCOUNTANTS:

Isaacs

Trust House

St James Business Park

5 New Augustus Street

Bradford

West Yorkshire

BD1 5LL

FIXED ASSETS

Tangible assets

2

1,779,749

2,176,472

CURRENT ASSETS

Debtors

3

513,028

147,574

Cash at bank

247,974

13,157

761,002

160,731

CREDITORS

Amounts falling due within one year

276,627

207,518

NET CURRENT ASSETS/(LIABILITIES)

484,375

(46,787

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,264,124

2,129,685

CREDITORS

Amounts falling due after more than one
year

4

1,984,795

1,959,504

NET ASSETS

279,329

170,181

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

279,328

170,180

SHAREHOLDERS' FUNDS

279,329

170,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges

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 30 August 2017 and were signed by:

Z A Nazir - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

2,200,769

Additions

183,015

Disposals

(573,633

)

At 30 November 2016

1,810,151

DEPRECIATION

At 1 December 2015

24,297

Charge for year

6,105

At 30 November 2016

30,402

NET BOOK VALUE

At 30 November 2016

1,779,749

At 30 November 2015

2,176,472

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 513,028 (2015 - £ 147,574 )

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

Repayable otherwise than by instalments

1,650,993

1,411,783

Repayable by instalments

333,802

547,721

1,984,795

1,959,504

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

1