Llandraw Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 09984145 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

3 FEBRUARY 2016 TO 28 FEBRUARY 2017

FOR

LLANDRAW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Geoghegan

REGISTERED OFFICE:

Gilbert House

Trenchard Lane

Caversfield

BICESTER

Oxfordshire

OX27 8AE

BUSINESS ADDRESS:

Llandraw Farm

Cefn Road

Craswell

HEREFORD

HR2 0PW

REGISTERED NUMBER:

09984145 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

3

61,180

CURRENT ASSETS

Debtors

4

892

Cash at bank

3,660

4,552

CREDITORS

Amounts falling due within one year

5

63,679

NET CURRENT LIABILITIES

(59,127

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,053

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

7

1,953

SHAREHOLDERS' FUNDS

2,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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 1 December 2017 and were signed by:

D Geoghegan - Director

1.	STATUTORY INFORMATION

Llandraw 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents extraction royalties received from the quarry.

Tangible fixed assets

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

Freehold property

-

not provided - see below

The freehold property has not been depreciated as the director is of the opinion that the residual value after 50

years will not be less than the current book value.

Taxation

Taxation for the period 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 period 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.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

Additions

61,180

At 28 February 2017

61,180

NET BOOK VALUE

At 28 February 2017

61,180

Included in cost of land and buildings is freehold land of £ 61,000 which is not depreciated.

The freehold property represents the acquisition of a quarry during the period.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Llandraw Farm Limited

intercompany account

892

892

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1

Tax

488

Directors' current accounts

62,800

Accrued expenses

390

63,679

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

7.

RESERVES

Retained

earnings

£

Profit for the period

1,953

At 28 February 2017

1,953