Linkwood Property Investment Co. Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03724731 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

LINKWOOD PROPERTY INVESTMENT CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H L Collins

REGISTERED OFFICE:

Suite 2

Rutland House

44 Masons Hill

Bromley

Kent

BR2 9JG

REGISTERED NUMBER:

03724731 (England and Wales)

ACCOUNTANTS:

Grugeon Reynolds Limited

Chartered Accountants

Rutland House

44 Masons Hill

Bromley

Kent

BR2 9JG

FIXED ASSETS

Tangible assets

4

1,605

1,854

Investment property

5

1,650,000

1,450,000

1,651,605

1,451,854

CURRENT ASSETS

Debtors

6

181,721

185,897

Cash at bank

41,038

20,531

222,759

206,428

CREDITORS

Amounts falling due within one year

7

445,731

455,600

NET CURRENT LIABILITIES

(222,972

)

(249,172

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,428,633

1,202,682

PROVISIONS FOR LIABILITIES

174,690

143,015

NET ASSETS

1,253,943

1,059,667

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

1,029,530

861,259

Retained earnings

224,313

198,308

SHAREHOLDERS' FUNDS

1,253,943

1,059,667

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 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 15 December 2017 and were signed by:

Mr H L Collins - Director

1.	STATUTORY INFORMATION

Linkwood Property Investment Co. 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and

rounded to the nearest £.

Tangible fixed assets

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

Fixtures and Equipment

-

25% 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.

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 NIL.

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Equipment

£

COST

At 1 April 2016

18,288

Additions

540

Disposals

(322

)

At 31 March 2017

18,506

DEPRECIATION

At 1 April 2016

16,434

Charge for year

789

Eliminated on disposal

(322

)

At 31 March 2017

16,901

NET BOOK VALUE

At 31 March 2017

1,605

At 31 March 2016

1,854

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

1,450,000

Revaluations

200,000

At 31 March 2017

1,650,000

NET BOOK VALUE

At 31 March 2017

1,650,000

At 31 March 2016

1,450,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

4,233

2,218

Amounts owed by group undertakings

43,612

47,976

Other debtors

133,876

135,703

181,721

185,897

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

8,048

16,478

Taxation and social security

6,537

7,496

Other creditors

431,146

431,626

445,731

455,600