Lilybank Flats Limited - Abbreviated accounts 16.3
Lilybank Flats Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 30 April 2016 |
for |
Lilybank Flats Limited |
Lilybank Flats Limited (Registered number: SC357953) |
Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Lilybank Flats Limited |
Company Information |
for the Year Ended 30 April 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Lilybank Flats Limited (Registered number: SC357953) |
Abbreviated Balance Sheet |
30 April 2016 |
30.4.16 | 30.4.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
Lilybank Flats Limited (Registered number: SC357953) |
Abbreviated Balance Sheet - continued |
30 April 2016 |
The financial statements were approved by the Board of Directors on |
Lilybank Flats Limited (Registered number: SC357953) |
Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis on the assumption that the company will |
continue to receive the support of its creditors. |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts |
where turnover is recognised when the company obtains the right to consideration. |
Turnover represents gross invoiced sales of goods except in respect of service contracts where turnover is |
recognised when the company obtains the right to consideration. The company is not VAT registered. |
Tangible fixed assets |
Fixtures and fittings | - |
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. |
Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different from those in which they are included in the company's accounts. Deferred tax is provided in full on |
timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates |
that are expected to apply when the timing differences reverse, based on current tax rates and laws. |
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
commitment to sell the asset. |
Deferred tax assets and liabilities are not discounted. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
At 30 April 2016 |
DEPRECIATION |
Charge for year |
At 30 April 2016 |
NET BOOK VALUE |
At 30 April 2016 |
Lilybank Flats Limited (Registered number: SC357953) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2016 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
Additions |
At 30 April 2016 |
NET BOOK VALUE |
At 30 April 2016 |
4. | CREDITORS |
Creditors include an amount of £ |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.16 | 30.4.15 |
value: | £ | £ |
Ordinary | £1 |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 30 April 2016 and |
30 April 2015: |
30.4.16 | 30.4.15 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |