London Lofts (Developments) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04725044 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

LONDON LOFTS (DEVELOPMENTS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr C H Hawkins

SECRETARY:

Ms J A Wells

REGISTERED OFFICE:

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

04725044 (England and Wales)

ACCOUNTANTS:

Michael Filiou Plc

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

CURRENT ASSETS

Stocks

43,962

230,847

Debtors

575,596

324,178

Cash at bank

121

3,386

619,679

558,411

CREDITORS

Amounts falling due within one year

2

179,810

83,158

NET CURRENT ASSETS

439,869

475,253

TOTAL ASSETS LESS CURRENT LIABILITIES

439,869

475,253

CREDITORS

Amounts falling due after more than one year

2

-

388,122

NET ASSETS

439,869

87,131

CAPITAL AND RESERVES

Called up share capital

3

400

400

Profit and loss account

439,469

86,731

SHAREHOLDERS' FUNDS

439,869

87,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 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 director on 14 November 2017 and were signed by:

Mr C H Hawkins - 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 rents received from properties which are being redeveloped by the company.

Stocks

Stocks, which consist of properties held for resale and professional fees on ongoing projects, are stated at the

lower of cost and net realisable value.

2.

CREDITORS

Creditors include an amount of £ 91,344 (2015 - £ 405,931 ) for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

400

Ordinary

£1

400

400

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2016 and the period

ended 31 October 2015:

2016

2015

£

£

Mr C H Hawkins

Balance outstanding at start of year

69,096

-

Amounts advanced

3,100

70,708

Amounts repaid

(75,248

)

(1,612

)

Balance outstanding at end of year

(3,052

)

69,096