Lambert Pressland Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03737637 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

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

-

Investments

3

186,965

Investment property

4

20,383,276

20,327,924

20,570,241

20,514,889

CURRENT ASSETS

Stocks

1,324,683

905,054

Debtors

284,089

321,964

Cash at bank

384,407

445,681

1,993,179

1,672,699

CREDITORS

Amounts falling due within one year

1,433,288

1,434,882

NET CURRENT ASSETS

559,891

237,817

TOTAL ASSETS LESS CURRENT
LIABILITIES

21,130,132

20,752,706

CREDITORS

Amounts falling due after more than one
year

5

13,791,833

13,494,553

NET ASSETS

7,338,299

7,258,153

CAPITAL AND RESERVES

Called up share capital

6

2

Revaluation reserve

5,685,989

Profit and loss account

1,652,308

1,572,162

SHAREHOLDERS' FUNDS

7,338,299

7,258,153

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 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 5 December 2016 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 January

2015).

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 2015

and 31 March 2016

57,384

DEPRECIATION

At 1 April 2015

and 31 March 2016

57,384

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

186,965

NET BOOK VALUE

At 31 March 2016

186,965

At 31 March 2015

186,965

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2015

20,327,924

Additions

55,352

At 31 March 2016

20,383,276

NET BOOK VALUE

At 31 March 2016

20,383,276

At 31 March 2015

20,327,924

5.

CREDITORS

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

2016

2015

£

Repayable by instalments

5,565,771

5,768,491

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2