Linglands Property Limited - Accounts to registrar (filleted) - small 18.2
Linglands Property Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2020 |
| for |
| Linglands Property Limited |
| Linglands Property Limited (Registered number: 11254669) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Linglands Property Limited |
| Company Information |
| for the Year Ended 31 March 2020 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Certified Accountants |
| 6 Arundel Place |
| Scarborough |
| North Yorkshire |
| YO11 1TX |
| Linglands Property Limited (Registered number: 11254669) |
| Balance Sheet |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Provisions for liabilities | 8 |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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. |
| Linglands Property Limited (Registered number: 11254669) |
| Balance Sheet - continued |
| 31 March 2020 |
| 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 and authorised for issue on were signed on its behalf by: |
| Linglands Property Limited (Registered number: 11254669) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2020 |
| 1. | Statutory information |
| Linglands Property Limited is a |
| The company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The level of rounding used in the financial statements is to the nearest £1. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| Investment properties are properties held to earn rentals or for capital appreciation or both. |
| Investment properties are initially measured at cost, including transaction costs. Subsequently |
| investment properties whose fair value can be measured reliably without undue cost or effort on an |
| on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of |
| investment properties are included in the profit and loss in the period in which they arise. Deferred |
| taxation is provided on these gains. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss |
| Account, 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 NIL (2019 - NIL). |
| Linglands Property Limited (Registered number: 11254669) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 4. | Tangible fixed assets |
| Fixtures |
| and |
| fittings |
| £ |
| Cost |
| At 1 April 2019 |
| Additions |
| At 31 March 2020 |
| Depreciation |
| At 1 April 2019 |
| Charge for year |
| At 31 March 2020 |
| Net book value |
| At 31 March 2020 |
| At 31 March 2019 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 April 2019 |
| Additions |
| At 31 March 2020 |
| Net book value |
| At 31 March 2020 |
| At 31 March 2019 |
| Investment properties included at fair value would have been included on a historical cost basis at: |
| 2020 | 2019 |
| £ | £ |
| Cost | 877,824 | 714,824 |
| The completed investment properties are stated at fair value in accordance with the requirements of |
| Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard |
| applicable in the UK and Republic of Ireland''. |
| The investment properties have been valued by the directors at fair value taking into account existing |
| tenancy arrangements. |
| The Directors did not consider there to be any change in the fair value of the investment properties |
| from the previous year. |
| 6. | Debtors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Other debtors |
| Linglands Property Limited (Registered number: 11254669) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 7. | Creditors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 8. | Provisions for liabilities |
| 2020 | 2019 |
| £ | £ |
| Deferred tax |
| Deferred tax |
| £ |
| Balance at 1 April 2019 |
| Provided during year |
| Balance at 31 March 2020 |
| 9. | Reserves |
| Fair value |
| reserve |
| £ |
| At 1 April 2019 |
| Deferred tax on investment property | ( |
) |
| At 31 March 2020 |