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

LAPRA LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G Gunn

J R Morris

Ms N Rai

J A Holyhead

P A Broadgate

M L J Terry

REGISTERED OFFICE:

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

REGISTERED NUMBER:

01420482 (England and Wales)

ACCOUNTANTS:

Haslehursts Limited

88 Hill Village Road

Sutton Coldfield

West Midlands

B75 5BE

FIXED ASSETS

Intangible assets

5

941

2,195

Tangible assets

6

163

217

1,104

2,412

CURRENT ASSETS

Debtors

7

46,299

43,580

Investments

8

1

1

Cash at bank

106,335

21,899

152,635

65,480

CREDITORS

Amounts falling due within one year

9

(92,858

)

(1,941

)

NET CURRENT ASSETS

59,777

63,539

TOTAL ASSETS LESS CURRENT LIABILITIES

60,881

65,951

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

60,781

65,851

SHAREHOLDERS' FUNDS

60,881

65,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 7 April 2022 and were signed on its behalf by:

M L J Terry - Director

1.	STATUTORY INFORMATION

LAPRA 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents subscriptions from the residents of Little Aston Park.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2020

and 31 August 2021

3,762

AMORTISATION

At 1 September 2020

1,567

Charge for year

1,254

At 31 August 2021

2,821

NET BOOK VALUE

At 31 August 2021

941

At 31 August 2020

2,195

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2020

and 31 August 2021

290

DEPRECIATION

At 1 September 2020

73

Charge for year

54

At 31 August 2021

127

NET BOOK VALUE

At 31 August 2021

163

At 31 August 2020

217

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

44,960

30,809

Other debtors

1,339

12,771

46,299

43,580

8.	CURRENT ASSET INVESTMENTS

2021

2020

£

£

Shares in group undertakings

1

1

Shares in related company Claverdon Park Management Company Limited.

1 Ordinary share of £1

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

219

219

Other creditors

92,639

1,722

92,858

1,941

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors for the benefit of the residents of Little Aston Park.