Lambert Pressland Ltd - Limited company - abbreviated

REGISTERED NUMBER: 03737637 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Lambert Pressland Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P I H Pressland

O E Lambert

SECRETARY:

P Pressland

REGISTERED OFFICE:

14 Church Street

Whitchurch

Basingstoke

Hampshire

RG28 7AB

REGISTERED NUMBER:

03737637 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,141

2,884

Investments

3

186,965

Investment property

4

19,688,356

22,426,433

19,876,462

22,616,282

CURRENT ASSETS

Stocks

874,901

-

Debtors

938,636

659,418

Cash at bank

472,142

540,876

2,285,679

1,200,294

CREDITORS

Amounts falling due within one year

1,632,080

856,176

NET CURRENT ASSETS

653,599

344,118

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,530,061

22,960,400

CREDITORS

Amounts falling due after more than one
year

5

13,110,342

15,273,136

NET ASSETS

7,419,719

7,687,264

CAPITAL AND RESERVES

Called up share capital

6

2

Revaluation reserve

5,685,989

6,137,130

Profit and loss account

1,733,728

1,550,132

SHAREHOLDERS' FUNDS

7,419,719

7,687,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 August 2014 and were signed on its behalf by:

P I H Pressland - Director

O E Lambert - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery etc

-

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

57,384

DEPRECIATION

At 1 April 2013

54,500

Charge for year

1,743

At 31 March 2014

56,243

NET BOOK VALUE

At 31 March 2014

1,141

At 31 March 2013

2,884

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

and 31 March 2014

186,965

NET BOOK VALUE

At 31 March 2014

186,965

At 31 March 2013

186,965

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2013

22,426,433

Additions

761,923

Disposals

(3,048,859

)

Revaluations

(451,141

)

At 31 March 2014

19,688,356

NET BOOK VALUE

At 31 March 2014

19,688,356

At 31 March 2013

22,426,433

5.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

Repayable by instalments

5,841,697

8,004,491

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

Lambert Pressland Ltd - Limited company - abbreviated - 11.0.0

Lambert Pressland Ltd - Limited company - abbreviated - 11.0.0