Land & Property (Luton) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03915526 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

LAND & PROPERTY (LUTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Westcott

SECRETARY:

REGISTERED OFFICE:

59 Guildford Street

Luton

Bedfordshire

LU1 2NL

REGISTERED NUMBER:

03915526 (England and Wales)

ACCOUNTANTS:

Lustigman & Company

27 Manor Park Crescent

Edgware

Middlesex

HA8 7NH

FIXED ASSETS

Tangible assets

4

4,867,403

CURRENT ASSETS

Cash at bank

116,627

CREDITORS

Amounts falling due within one year

5

85,079

NET CURRENT ASSETS

31,548

TOTAL ASSETS LESS CURRENT LIABILITIES

4,898,951

CREDITORS

Amounts falling due after more than one year

6

4,169,095

NET ASSETS

729,856

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

729,854

SHAREHOLDERS' FUNDS

729,856

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 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 22 January 2018 and were signed by:

D Westcott - Director

1.	STATUTORY INFORMATION

Land & Property (Luton) 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.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

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 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2016

3,322,403

122,307

3,444,710

Additions

1,545,000

-

1,545,000

At 30 April 2017

4,867,403

122,307

4,989,710

DEPRECIATION

At 1 May 2016

and 30 April 2017

-

122,307

122,307

NET BOOK VALUE

At 30 April 2017

4,867,403

-

4,867,403

At 30 April 2016

3,322,403

-

3,322,403

Land and property is not depreciated. The director is of the opinion that value is not below cost.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

83,399

Other creditors

1,680

85,079

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

2,711,500

Other creditors

1,457,595

4,169,095

7.	ULTIMATE CONTROLLING PARTY

The controlling party was David Westcott.

8.	LOANS AND OVERDRAFTS

Bank loans and overdrafts are secured by first charges and personal guarantee of the director.