London And Suburbs Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09634760 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

11 JUNE 2015 TO 30 JUNE 2016

FOR

LONDON AND SUBURBS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J Fried

REGISTERED OFFICE:

Office 1

62 Ballards Lane

London

N3 2BU

REGISTERED NUMBER:

09634760 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

CURRENT ASSETS

Stocks

25,506,318

Debtors

84,815

Cash at bank

164,804

25,755,937

CREDITORS

Amounts falling due within one year

4,454,358

NET CURRENT ASSETS

21,301,579

TOTAL ASSETS LESS CURRENT LIABILITIES

21,301,579

CREDITORS

Amounts falling due after more than one year

2

21,303,426

NET LIABILITIES

(1,847

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(1,848

)

SHAREHOLDERS' FUNDS

(1,847

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 1 December 2017 and were signed by:

J Fried - Director

1.	ACCOUNTING POLICIES

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).

Stocks

Stocks represent properties bought with the intention of selling them. Stocks are valued at the lower of cost or

net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.

CREDITORS

Creditors include an amount of £ 21,303,426 for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

1

Share capital 1

£1

1

1 Ordinary share of £1 was allotted at par during the period.