Lower Lamphey Park Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04853583 (England and Wales)

LOWER LAMPHEY PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Davies

SECRETARY:

Mrs J L Davies

REGISTERED OFFICE:

Castle Chambers

6 Westgate Hill

Pembroke

Pembrokeshire

SA71 4LB

REGISTERED NUMBER:

04853583 (England and Wales)

ACCOUNTANTS:

Bevan & Buckland

Chartered Accountants

Castle Chambers

6 Westgate Hill

Pembroke

Pembrokeshire

SA71 4LB

BANKERS:

Lloyds TSB Bank plc

35 Dimond Street

Pembroke Dock

Pembrokeshire

SA72 6BX

FIXED ASSETS

Tangible assets

4

233,944

236,548

CURRENT ASSETS

Cash at bank

16,910

-

CREDITORS

Amounts falling due within one year

5

20,626

160,531

NET CURRENT LIABILITIES

(3,716

)

(160,531

)

TOTAL ASSETS LESS CURRENT LIABILITIES

230,228

76,017

CREDITORS

Amounts falling due after more than one year

6

144,488

-

NET ASSETS

85,740

76,017

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

85,640

75,917

SHAREHOLDERS' FUNDS

85,740

76,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21 November 2017 and were signed by:

J Davies - Director

1.	STATUTORY INFORMATION

Lower Lamphey Park Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

1% on cost

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

15% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

257,631

995

634

259,260

DEPRECIATION

At 1 April 2016

21,258

970

484

22,712

Charge for year

2,576

6

22

2,604

At 31 March 2017

23,834

976

506

25,316

NET BOOK VALUE

At 31 March 2017

233,797

19

128

233,944

At 31 March 2016

236,373

25

150

236,548

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

16,951

16,951

Taxation and social security

3,075

3,206

Other creditors

600

140,374

20,626

160,531

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

144,488

-

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROL