Leicester Street Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04377341

Unaudited Financial Statements

For The Year Ended 30 April 2017

for

Leicester Street Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Mullins

Mrs H E R Mullins

SECRETARY:

Q J Mullins

REGISTERED OFFICE:

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

REGISTERED NUMBER:

04377341

ACCOUNTANTS:

Butler & Co (Bishops Waltham) Limited

Chartered Accountants

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

FIXED ASSETS

Tangible assets

4

1,019

302

Investment property

5

175,000

175,000

176,019

175,302

CURRENT ASSETS

Debtors

6

-

1,050

Cash at bank

2,524

4,134

2,524

5,184

CREDITORS

Amounts falling due within one year

7

106,989

118,039

NET CURRENT LIABILITIES

(104,465

)

(112,855

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,554

62,447

PROVISIONS FOR LIABILITIES

10,438

10,480

NET ASSETS

61,116

51,967

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

61,016

51,867

SHAREHOLDERS' FUNDS

61,116

51,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 8 December 2017 and were signed on its behalf by:

D J Mullins - Director

1.	STATUTORY INFORMATION

Leicester Street Limited is a private company, limited by shares , registered in Not specified/Other. 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 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.

Plant and machinery

-

20% reducing balance basis

Computer equipment

-

33% 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.

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 NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 May 2016

170

2,454

2,624

Additions

-

1,406

1,406

At 30 April 2017

170

3,860

4,030

DEPRECIATION

At 1 May 2016

83

2,239

2,322

Charge for year

17

672

689

At 30 April 2017

100

2,911

3,011

NET BOOK VALUE

At 30 April 2017

70

949

1,019

At 30 April 2016

87

215

302

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2016

and 30 April 2017

175,000

NET BOOK VALUE

At 30 April 2017

175,000

At 30 April 2016

175,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

-

1,050

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

1

213

Tax

952

-

VAT

468

671

Directors' current accounts

104,583

116,170

Accrued expenses

985

985

106,989

118,039

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D J Mullins.

11.	FIRST YEAR ADOPTION

These financial statements for the year ended 30 April 2017 are the first financial statements that comply with the

FRS 102 Section 1A "Small Entities". The effective date of transition from FRSSE 2015 to FRS 102 Section 1A

"Small Entities" is 1 May 2015.