Leeds North Street Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09285980 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

LEEDS NORTH STREET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Finn

REGISTERED OFFICE:

23 Leinster Terrace

Bayswater

London

W2 3ET

REGISTERED NUMBER:

09285980 (England and Wales)

CURRENT ASSETS

Stocks

4

1,783,243

1,025,986

Cash in hand

100

100

1,783,343

1,026,086

CREDITORS

Amounts falling due within one year

5

778,791

131,728

NET CURRENT ASSETS

1,004,552

894,358

TOTAL ASSETS LESS CURRENT LIABILITIES

1,004,552

894,358

CREDITORS

Amounts falling due after more than one year

6

1,463,369

882,167

NET (LIABILITIES)/ASSETS

(458,817

)

12,191

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(458,917

)

12,091

SHAREHOLDERS' FUNDS

(458,817

)

12,191

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 30 October 2018 and were signed by:

P J Finn - Director

1.	STATUTORY INFORMATION

Leeds North Street 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.

STOCKS

31.10.17

31.10.16

£

£

Stocks and work in progress

1,783,243

1,025,986

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

-

124,004

Tax

-

3,023

Directors' loan accounts

777,541

-

Accrued expenses

1,250

4,701

778,791

131,728

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Other loans (see note 7)

1,463,369

882,167

7.

LOANS

An analysis of the maturity of loans is given below:

31.10.17

31.10.16

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

1,463,369

882,167

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.17

31.10.16

£

£

Other loans

1,463,369

882,167

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.17

31.10.16

value:

£

£

100

Ordinary

1

100

100