Lionrule Commercial Ltd - Accounts to registrar (filleted) - small 18.2
Lionrule Commercial Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2018 |
| for |
| LIONRULE COMMERCIAL LTD |
| LIONRULE COMMERCIAL LTD (REGISTERED NUMBER: 03317640) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LIONRULE COMMERCIAL LTD |
| Company Information |
| for the Year Ended 31 October 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 5 North End Road |
| London |
| NW11 7RJ |
| LIONRULE COMMERCIAL LTD (REGISTERED NUMBER: 03317640) |
| Balance Sheet |
| 31 October 2018 |
| 31.10.18 | 31.10.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 7 |
| Retained earnings | 7 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| LIONRULE COMMERCIAL LTD (REGISTERED NUMBER: 03317640) |
| Balance Sheet - continued |
| 31 October 2018 |
| 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 by: |
| LIONRULE COMMERCIAL LTD (REGISTERED NUMBER: 03317640) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2018 |
| 1. | STATUTORY INFORMATION |
| Lionrule Commercial Ltd is a |
| 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 |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
| transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents rent and ground rents receivable (excluding value added tax). |
| 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. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 November 2017 |
| Additions |
| Revaluations |
| At 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| At 31 October 2017 |
| Cost or valuation at 31 October 2018 is represented by: |
| £ |
| Valuation in 2018 | 204,206 |
| Cost | 3,304,519 |
| 3,508,725 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Trade Debtors |
| Other Debtors |
| LIONRULE COMMERCIAL LTD (REGISTERED NUMBER: 03317640) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2018 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Bank loans and overdrafts |
| Rents in advance |
| Tax |
| Other creditors |
| Amounts due to group undertaking | 1,692,386 | 1,826,680 |
| Accrued expenses |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.10.18 | 31.10.17 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans 2-5 years |
| 7. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 November 2017 | ( |
) | (38,642 | ) |
| Profit for the year | - |
| Transfer from revaluation |
| reserve | (204,205 | ) | 204,205 | - |
| Deferred tax | 38,799 | (38,799 | ) | - |
| At 31 October 2018 | ( |
) | 82,099 |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Lionrule Holdings Limited. |