Landring Limited - Accounts to registrar (filleted) - small 17.3
Landring Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| Landring Limited |
| Landring Limited (Registered number: 01993261) |
| Contents of the Financial Statements |
| for the year ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Landring Limited |
| Company Information |
| for the year ended 31 March 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| 4th Floor |
| International House |
| Queens Road |
| Brighton |
| East Sussex |
| BN1 3XE |
| Landring Limited (Registered number: 01993261) |
| Balance Sheet |
| 31 March 2017 |
| 31.3.17 | 31.3.16 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserves |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Landring Limited (Registered number: 01993261) |
| Balance Sheet - continued |
| 31 March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Landring Limited (Registered number: 01993261) |
| Notes to the Financial Statements |
| for the year ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Landring Limited is a |
| number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent |
| that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
| enacted by the balance sheet date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2016 |
| and 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Landring Limited (Registered number: 01993261) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2017 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 31 March 2017 is represented by: |
| £ |
| Valuation in 2005 | 179,000 |
| Valuation in 2014 | 50,000 |
| Cost | 71,000 |
| 300,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 31.3.17 | 31.3.16 |
| as restated |
| £ | £ |
| Cost | 71,000 | 71,000 |
| Investment property was valued on an open market basis on 31 March 2014 by Malcolm Green, director . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| as restated |
| £ | £ |
| Tax |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| as restated |
| £ | £ |
| Tax |
| Directors' loan accounts | 28,056 | 22,454 |
| Accrued expenses |
| 7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2017 and 31 March 2016: |
| 31.3.17 | 31.3.16 |
| as restated |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced | ( |
) |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Landring Limited (Registered number: 01993261) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2017 |
| 8. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £26,450 (2016 - £14,650) were paid to the director . |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |