Latham Trading Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04119550 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

LATHAM TRADING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G W Latham

Mrs J C Hislop

SECRETARY:

Mrs J C Hislop

REGISTERED OFFICE:

Hedge House, Hangersley Hill

Hangersley

Ringwood

BH24 3JW

REGISTERED NUMBER:

04119550 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

-

Investment property

6

191,655

191,655

191,655

191,655

CURRENT ASSETS

Debtors

7

12,281

24,419

Cash at bank

5,062

1,139

17,343

25,558

CREDITORS

Amounts falling due within one year

8

39,605

40,487

NET CURRENT LIABILITIES

(22,262

)

(14,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

169,393

176,726

CREDITORS

Amounts falling due after more than one year

9

89,707

97,532

NET ASSETS

79,686

79,194

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

79,586

79,094

SHAREHOLDERS' FUNDS

79,686

79,194

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 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 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 Board of Directors on 5 December 2017 and were signed on its behalf by:

G W Latham - Director

Mrs J C Hislop - Director

1.	STATUTORY INFORMATION

Latham Trading 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 represents net invoiced sales of goods and services, excluding VAT. Rent receivable in the year is

shown as Other Operating Income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

40,000

AMORTISATION

At 1 April 2016

and 31 March 2017

40,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

1,882

DEPRECIATION

At 1 April 2016

and 31 March 2017

1,882

NET BOOK VALUE

At 31 March 2017

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

191,655

NET BOOK VALUE

At 31 March 2017

191,655

At 31 March 2016

191,655

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

80

6

Other debtors

12,201

24,413

12,281

24,419

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

130

49

Taxation and social security

6,007

4,945

Other creditors

33,468

35,493

39,605

40,487

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

89,707

97,532

31.3.17

31.3.16

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

89,707

97,532