Lambarde Securities Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01094625 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2018

for

Lambarde Securities Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr H D Botting

Mr H R Botting

Mrs F V A Lopategui

SECRETARY:

Mr H D Botting

REGISTERED OFFICE:

Gable Cottage

Fig Street

Sevenoaks

Kent

TN14 6HP

REGISTERED NUMBER:

01094625 (England and Wales)

ACCOUNTANTS:

Porritt Rainey

The Crown Business Centre

10 High Street

Otford

Sevenoaks

Kent

TN14 5PQ

FIXED ASSETS

Tangible assets

4

270

360

Investment property

5

3,620,000

3,368,505

3,620,270

3,368,865

CURRENT ASSETS

Debtors

6

3,238

8,953

Cash at bank

65,748

22,843

68,986

31,796

CREDITORS

Amounts falling due within one year

7

(46,570

)

(51,092

)

NET CURRENT ASSETS/(LIABILITIES)

22,416

(19,296

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,642,686

3,349,569

PROVISIONS FOR LIABILITIES

(548,198

)

(507,989

)

NET ASSETS

3,094,488

2,841,580

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

3,084,488

2,831,580

SHAREHOLDERS' FUNDS

3,094,488

2,841,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 November 2018 and were signed on its behalf by:

Mr H D Botting - Director

1.	STATUTORY INFORMATION

Lambarde Securities 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the gross rents received from property letting.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

and 30 June 2018

7,730

DEPRECIATION

At 1 July 2017

7,370

Charge for year

90

At 30 June 2018

7,460

NET BOOK VALUE

At 30 June 2018

270

At 30 June 2017

360

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2017

3,368,505

Additions

14,967

Revaluations

236,528

At 30 June 2018

3,620,000

NET BOOK VALUE

At 30 June 2018

3,620,000

At 30 June 2017

3,368,505

Fair value at 30 June 2018 is represented by:

£

Valuation in 2018

3,224,697

Cost

395,303

3,620,000

If investment property had not been revalued it would have been included at the following historical cost:

2018

2017

£

£

Cost

395,303

380,336

Investment property was valued on an open market basis on 30 June 2018 by Sheffords Chartered Surveyors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

3,238

8,953

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

-

1,640

Other creditors

46,570

49,452

46,570

51,092

8.	RELATED PARTY DISCLOSURES

During the year the company purchased building services from Mr Haydn Richard Botting, a related party, at a

cost of £6,121.

All related party transactions during the year were at full commercial value except for interest free loans of

£112,500 from Mrs V. Warford-Botting Deceased to the company, partially repaid during the year.

At 30th June 2018, the amount due to related parties was £42,812.