LW & KB Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09899004 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 December 2017

for

LW & KB Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K Babber

Mr L W Wijeratna

Mr R S Dhami

REGISTERED OFFICE:

Transputec House

19 Heather Park Drive

Wembley

Middlesex

HA0 1SS

REGISTERED NUMBER:

09899004 (England and Wales)

ACCOUNTANTS:

B B Babber & Co.

Chartered Certified Accountants

First Floor Transputec House

19 Heather Park Drive

Wembley

Middlesex

HA0 1SS

FIXED ASSETS

Tangible assets

3

1,278

1,768

Investment property

4

423,695

423,695

424,973

425,463

CURRENT ASSETS

Debtors

5

733

-

Cash at bank and in hand

11,813

6,311

12,546

6,311

CREDITORS

Amounts falling due within one year

6

176,265

172,223

NET CURRENT LIABILITIES

(163,719

)

(165,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

261,254

259,551

CREDITORS

Amounts falling due after more than one year

7

269,314

269,325

NET LIABILITIES

(8,060

)

(9,774

)

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

(8,210

)

(9,924

)

SHAREHOLDERS' FUNDS

(8,060

)

(9,774

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 September 2018 and were signed on its behalf by:

Mr K Babber - Director

1.	STATUTORY INFORMATION

LW & KB Properties 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 represents rental income receivable from property lettings.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2017

and 31 December 2017

1,959

DEPRECIATION

At 1 January 2017

191

Charge for year

490

At 31 December 2017

681

NET BOOK VALUE

At 31 December 2017

1,278

At 31 December 2016

1,768

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

and 31 December 2017

423,695

NET BOOK VALUE

At 31 December 2017

423,695

At 31 December 2016

423,695

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

733

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other creditors

176,265

172,223

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans

269,314

269,325

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Bank loans

269,314

269,325

Bank loans are secured on investment properties they relate to.