Landring Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01993261 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Landring Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Green

SECRETARY:

Ms A Green

REGISTERED OFFICE:

10 East End Road

London

N3 3QT

REGISTERED NUMBER:

01993261 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

4th Floor

International House

Queens Road

Brighton

East Sussex

BN1 3XE

FIXED ASSETS

Investment property

2

300,000

CURRENT ASSETS

Debtors

122

-

Cash at bank

5,121

64

5,243

64

CREDITORS

Amounts falling due within one year

26,769

21,556

NET CURRENT LIABILITIES

(21,526

)

(21,492

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

278,474

278,508

CAPITAL AND RESERVES

Called up share capital

3

100

Revaluation reserve

229,000

Profit and loss account

49,374

49,408

SHAREHOLDERS' FUNDS

278,474

278,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 14 December 2016 and were signed by:

M Green - 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 January 2015).

Turnover

Turnover represents rents receivable during the period.

Investment property

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation is

provided in respect of freehold properties which are classified as investment properties. This is a departure from the

general requirement of the Companies Act 2006 which requires all properties to be depreciated. Such properties are

not held for consumption but for investment and the directors consider that to depreciate them would not give a true

and fair view.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are included in the

financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will be

recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing differences can

be deducted.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2015

and 31 March 2016

300,000

NET BOOK VALUE

At 31 March 2016

300,000

At 31 March 2015

300,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100