London Provincial Limited - Accounts to registrar (filleted) - small 17.3
London Provincial Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017 |
| FOR |
| LONDON PROVINCIAL LIMITED |
| LONDON PROVINCIAL LIMITED (REGISTERED NUMBER: 03202179) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 May 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LONDON PROVINCIAL LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 May 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| CHARTERED ACCOUNTANTS |
| Suite 2, Fountain House |
| 1a Elm Park |
| Stanmore |
| Middlesex |
| HA7 4AU |
| LONDON PROVINCIAL LIMITED (REGISTERED NUMBER: 03202179) |
| BALANCE SHEET |
| 31 May 2017 |
| 31.5.17 | 31.5.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| LONDON PROVINCIAL LIMITED (REGISTERED NUMBER: 03202179) |
| BALANCE SHEET - continued |
| 31 May 2017 |
| 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 |
| LONDON PROVINCIAL LIMITED (REGISTERED NUMBER: 03202179) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 May 2017 |
| 1. | STATUTORY INFORMATION |
| London Provincial Limited is a |
| 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 |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| The stock of property is valued at lower of cost and net realisable value. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 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. |
| Tangible fixed assets |
| -Freehold and leasehold properties has not been depreciated since they are investment properties. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| LONDON PROVINCIAL LIMITED (REGISTERED NUMBER: 03202179) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 May 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Motor | Computer |
| property | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 June 2016 |
| Revaluations |
| At 31 May 2017 |
| DEPRECIATION |
| At 1 June 2016 |
| Charge for year |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| Cost or valuation at 31 May 2017 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2017 | 4,148,500 | - | 4,148,500 |
| Cost | 3,351,500 | 47,384 | 3,398,884 |
| 7,500,000 | 47,384 | 7,547,384 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| LONDON PROVINCIAL LIMITED (REGISTERED NUMBER: 03202179) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 May 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| The bank loans and overdraft are secured by a legal charge on the company's stock of property. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of the director, C. Charalambous. |