LLR Property Developments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01336592 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

LLR PROPERTY DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L I Buck

A R Buck

Miss L N Buck

SECRETARY:

Miss L N Buck

REGISTERED OFFICE:

8 Ingleborough Place

Lightoaks

Milton

Stoke on Trent

Staffordshire

ST2 7PB

REGISTERED NUMBER:

01336592 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

Chartered Accountants

570-572 Etruria

Road, Basford

Newcastle

Staffordshire

ST5 0SU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,381

18,374

Investment property

6

625,053

625,053

641,434

643,427

CURRENT ASSETS

Stocks

67,286

73,122

Debtors

7

3,267

2,469

Cash at bank

71,614

97,750

142,167

173,341

CREDITORS

Amounts falling due within one year

8

13,812

5,684

NET CURRENT ASSETS

128,355

167,657

TOTAL ASSETS LESS CURRENT LIABILITIES

769,789

811,084

PROVISIONS FOR LIABILITIES

-

49,668

NET ASSETS

769,789

761,416

CAPITAL AND RESERVES

Called up share capital

88,688

88,688

Fair value reserve

9

170,836

170,836

Retained earnings

510,265

501,892

SHAREHOLDERS' FUNDS

769,789

761,416

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 21 December 2017 and were signed on its behalf by:

Mrs L I Buck - Director

1.	STATUTORY INFORMATION

LLR Property Developments 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1982, has been written off to

reserves evenly over its estimated useful life of twenty 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

-

25% on reducing balance and 10% on reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

30,000

AMORTISATION

At 1 April 2016

and 31 March 2017

30,000

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

77,406

DEPRECIATION

At 1 April 2016

59,032

Charge for year

1,993

At 31 March 2017

61,025

NET BOOK VALUE

At 31 March 2017

16,381

At 31 March 2016

18,374

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

625,053

NET BOOK VALUE

At 31 March 2017

625,053

At 31 March 2016

625,053

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

3,267

2,469

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

287

-

Taxation and social security

224

-

Other creditors

13,301

5,684

13,812

5,684

9.

RESERVES

Fair

value

reserve

£

At 1 April 2016

and 31 March 2017

170,836

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

Mrs L I Buck

Balance outstanding at start of year

(4,082

)

4,249

Amounts advanced

1,369

1,118

Amounts repaid

(3,000

)

(9,449

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(5,713

)

(4,082

)