Lymer Properties Limited - Period Ending 2013-09-30

Registration number: 07375563

Lymer Properties Limited Unaudited Abbreviated Accounts for the Year Ended 30 September 2013

Howsons Chartered Accountants
Chartered Accountants
50 Broad Street
Leek
Staffordshire
ST13 5NS

Lymer Properties Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Lymer Properties Limited
(Registration number: 07375563)
Abbreviated Balance Sheet at 30 September 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					149,373			149,797
Current assets
Debtors					1,042			929
Cash at bank and in hand					33			4,277
					1,075			5,206
Creditors: Amounts falling due within one year					(155,540)			(158,612)
Net current liabilities					(154,465)			(153,406)
Net liabilities					(5,092)			(3,609)
Capital and reserves
Called up share capital		3			200			200
Profit and loss account					(5,292)			(3,809)
Shareholders' deficit					(5,092)			(3,609)

For the year ending 30 September 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 31 July 2014 and signed on its behalf by:

.........................................
Mr R C Lymer
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Lymer Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% pa reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2012		151,116			151,116
At 30 September 2013		151,116			151,116
Depreciation
At 1 October 2012		1,319			1,319
Charge for the year		424			424
At 30 September 2013		1,743			1,743
Net book value
At 30 September 2013		149,373			149,373
At 30 September 2012		149,797			149,797

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 2

Lymer Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2013
......... continued

4	Going Concern

The directors have reviewed the performance of the company since the end of the accounting period. A tenant has been identified and there are sufficient cashflows to meet the ongoing liabilities and the company will generate a profit. Therefore the directors are satisfied that there are no material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern.

Page 3