| LEE CIRCLE PROPERTY LTD |
| Registered number: |
09721623 |
| Balance Sheet |
| as at 31 August 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
862,113 |
|
|
385,619 |
|
| Current assets |
| Cash at bank and in hand |
|
|
222 |
|
|
- |
|
| Creditors: amounts falling due within one year |
3 |
|
(912,107) |
|
|
(381,657) |
|
| Net current liabilities |
|
|
|
(911,885) |
|
|
(381,657) |
|
| Total assets less current liabilities |
|
|
|
(49,772) |
|
|
3,962 |
|
| Creditors: amounts falling due after more than one year |
4 |
|
|
49,872 |
|
|
(3,862) |
|
|
|
| Net assets |
|
|
|
100 |
|
|
100 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
|
| Shareholders' funds |
|
|
|
100 |
|
|
100 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Navneet Kumar Aggarwal |
| Director |
| Approved by the board on 17 May 2018 |
|
| LEE CIRCLE PROPERTY LTD |
| Notes to the Accounts |
| for the year ended 31 August 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 September 2016 |
385,619 |
|
Additions |
476,494 |
|
At 31 August 2017 |
862,113 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 August 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2017 |
862,113 |
|
At 31 August 2016 |
385,619 |
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
450,000 |
|
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
360,107 |
|
- |
|
Taxation and social security costs |
- |
|
(70,342) |
|
Other creditors |
102,000 |
|
451,999 |
|
|
|
|
|
|
912,107 |
|
381,657 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
(49,872) |
|
3,862 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
LEE CIRCLE PROPERTY LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
5 Wellington Street |
|
Leicester |
|
England |
|
LE1 6HH |
