Lexstone Limited - Abbreviated accounts 16.3

Lexstone Limited - Abbreviated accounts 16.3

LEXSTONE LIMITED - Company Information

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REGISTERED NUMBER: 04794367 (England and Wales)




















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

LEXSTONE LIMITED

LEXSTONE LIMITED (REGISTERED NUMBER: 04794367)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

LEXSTONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2016







DIRECTOR: Ms J Rosenthal





REGISTERED OFFICE: Foframe House
35-37 Brent Street
London
NW4 2EF





REGISTERED NUMBER: 04794367 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
Foframe House
35-37 Brent Street
London
NW4 2EF
Page 1
LEXSTONE LIMITED (REGISTERED NUMBER: 04794367)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 614 819
Investment property 3 2,674,204 1,721,086
2,674,818 1,721,905

CURRENT ASSETS
Cash at bank 36,668 22,752

CREDITORS
Amounts falling due within one year 2,151,779 1,227,197
NET CURRENT LIABILITIES (2,115,111 ) (1,204,445 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
559,707
517,460

CREDITORS
Amounts falling due after more than one
year
4
136,160
155,970
NET ASSETS 423,547 361,490

CAPITAL AND RESERVES
Called up share capital 5 4 4
Revaluation reserve 465,995 465,995
Profit and loss account (42,452 ) (104,509 )
SHAREHOLDERS' FUNDS 423,547 361,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 29 March 2017 and were signed by:





Ms J Rosenthal - Director


The notes form part of these abbreviated accounts

Page 2
LEXSTONE LIMITED (REGISTERED NUMBER: 04794367)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures, fittings and equipment - 20% on cost

Investment property
Investment property is shown at current open market value. Any aggregate surplus or deficit arising from
changes in market value is transferred to a revaluation reserve.

In accordance with the Financial Reporting Standard for Smaller Entities, no description is provided in respect of
freehold or long leasehold investment properties. This is a departure from the Companies Act 2006, which
requires all properties to be depreciated. Such properties are not held for consumption, but for investment, and
the director considers that to depreciate them would not give a true and fair view. The director considers that this
policy results in the accounts giving a true and fair view.

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 July 2015
and 30 June 2016 3,743
DEPRECIATION
At 1 July 2015 2,924
Charge for year 205
At 30 June 2016 3,129
NET BOOK VALUE
At 30 June 2016 614
At 30 June 2015 819

Page 3 continued...
LEXSTONE LIMITED (REGISTERED NUMBER: 04794367)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2016


3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2015 1,721,086
Additions 953,118
At 30 June 2016 2,674,204
NET BOOK VALUE
At 30 June 2016 2,674,204
At 30 June 2015 1,721,086

4. CREDITORS

Creditors include an amount of £ 136,160 (2015 - £ 155,970 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
4 Ordinary £ 1 4 4

Page 4