Levanpalm Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01377205 (England and Wales)

Unaudited Financial Statements

for the Year Ended 4 April 2018

for

LEVANPALM LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

Mrs I J East

Mrs L E Martin

Mrs S J Adams

Secretary:

Mrs I J East

Registered office:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Registered number:

01377205 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Tangible assets

3

351

692

Investments

4

2,167,600

1,897,093

2,167,951

1,897,785

Current assets

Debtors

5

360

-

Cash at bank

58,714

37,097

59,074

37,097

Creditors

Amounts falling due within one year

6

7,561

6,949

Net current assets

51,513

30,148

Total assets less current liabilities

2,219,464

1,927,933

Provisions for liabilities

7

250,796

199,400

Net assets

1,968,668

1,728,533

Capital and reserves

Called up share capital

8

100

100

Revaluation reserve

9

1,016,710

797,599

Retained earnings

951,858

930,834

Shareholders' funds

1,968,668

1,728,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 4 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 17 December 2018 and were signed on its behalf by:

Mrs I J East - Director

1.	Statutory information

Levanpalm 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 investment income.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investments

Investments held as fixed assets are stated at fair value.

3.	Tangible fixed assets

Computer

equipment

£

Cost

At 5 April 2017

and 4 April 2018

3,328

Depreciation

At 5 April 2017

2,636

Charge for year

341

At 4 April 2018

2,977

Net book value

At 4 April 2018

351

At 4 April 2017

692

4.	Fixed asset investments

Other

investments

£

Cost or valuation

At 5 April 2017

1,897,093

Revaluations

270,507

At 4 April 2018

2,167,600

Net book value

At 4 April 2018

2,167,600

At 4 April 2017

1,897,093

Cost or valuation at 4 April 2018 is represented by:

Other

investments

£

Valuation in 2016

722,423

Valuation in 2017

274,575

Valuation in 2018

270,507

Cost

900,095

2,167,600

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Other debtors

360

-

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Taxation and social security

5,088

2,570

Other creditors

2,473

4,379

7,561

6,949

7.	Provisions for liabilities

2018

2017

£

£

Deferred tax

250,796

199,400

Deferred tax

£

Balance at 5 April 2017

199,400

Provided during year

51,396

Balance at 4 April 2018

250,796

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

9.

Reserves

Revaluation

reserve

£

At 5 April 2017

797,599

Revaluation in year

1

Reserve transfer

270,506

Deferred tax on revaluation

(51,396

)

At 4 April 2018

1,016,710

10.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 4 April 2018 and

4 April 2017:

2018

2017

£

£

Mrs I J East

Balance outstanding at start of year

(2,629

)

(1,690

)

Amounts advanced

2,629

-

Amounts repaid

(723

)

(939

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(723

)

(2,629

)