Lifehouse Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05656684 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Lifehouse Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D J Crosby

Ms C E Crosby

SECRETARY:

D J Crosby

REGISTERED OFFICE:

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

REGISTERED NUMBER:

05656684 (England and Wales)

ACCOUNTANTS:

Copson Grandfield

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

FIXED ASSETS

Tangible assets

2

1,818

975

Investment property

3

525,000

525,000

526,818

525,975

CREDITORS

Amounts falling due within one year

168,283

151,538

NET CURRENT LIABILITIES

(168,283

)

(151,538

)

TOTAL ASSETS LESS CURRENT LIABILITIES

358,535

374,437

CREDITORS

Amounts falling due after more than one year

244,368

262,809

NET ASSETS

114,167

111,628

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

102,375

102,375

Profit and loss account

11,790

9,251

SHAREHOLDERS' FUNDS

114,167

111,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 January 2015 and were signed on its behalf by:

D J Crosby - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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 reducing balance

Computer equipment

-

25% on reducing balance

Investment property

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

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

6,554

Additions

1,449

At 31 December 2013

8,003

DEPRECIATION

At 1 January 2013

5,579

Charge for year

606

At 31 December 2013

6,185

NET BOOK VALUE

At 31 December 2013

1,818

At 31 December 2012

975

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2013

and 31 December 2013

525,000

NET BOOK VALUE

At 31 December 2013

525,000

At 31 December 2012

525,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

2

Ordinary

£1

2

2