Lymer Properties Limited - Accounts to registrar (filleted) - small 18.1

Lymer Properties Limited - Accounts to registrar (filleted) - small 18.1

LYMER PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 07375563 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2017

for

Lymer Properties Limited
Lymer Properties Limited (Registered number: 07375563)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Balance Sheet 1

Notes to the Financial Statements 2


Lymer Properties Limited (Registered number: 07375563)

Balance Sheet
30 September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148,503 148,637

CURRENT ASSETS
Debtors 5 - 3,348
Cash at bank 40,892 9,853
40,892 13,201
CREDITORS
Amounts falling due within one year 6 181,562 168,062
NET CURRENT LIABILITIES (140,670 ) (154,861 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,833 (6,224 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,733 (6,324 )
SHAREHOLDERS' FUNDS 7,833 (6,224 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 12 June 2018 and were signed on its behalf by:





R C Lymer - Director


The notes form part of these financial statements

Page 1
Lymer Properties Limited (Registered number: 07375563)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Lymer Properties Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 07375563

Registered office: Hawthorne Mill
Leek Road
Longsdon
Stoke-on-Trent
Staffordshire
ST9 9QF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These financial statements for the year ended 30th September 2017 are the first financial statements that
comply with Section 1A "Small Entities" of FRS 102. The date of transition is 1st October 2015. There are no
transition adjustments.

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.
Freehold property - not provided
Plant and machinery - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
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.


Page 2 continued...
Lymer Properties Limited (Registered number: 07375563)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued
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 2 (2016 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 October 2016
and 30 September 2017 148,102 3,014 151,116
DEPRECIATION
At 1 October 2016 - 2,479 2,479
Charge for year - 134 134
At 30 September 2017 - 2,613 2,613
NET BOOK VALUE
At 30 September 2017 148,102 401 148,503
At 30 September 2016 148,102 535 148,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors - 3,348

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 1,347 1,347
Taxation and social security 3,153 -
Other creditors 177,062 166,715
181,562 168,062

Page 3