Conlons (Furnished Lettings) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05067877 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Conlons (Furnished Lettings) Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R A Conlon

Mrs N Conlon

SECRETARY:

Mr R A Lye

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

05067877 (England and Wales)

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

FIXED ASSETS

Property, plant and equipment

4

178

237

Investments

5

25,200

25,200

25,378

25,437

CURRENT ASSETS

Debtors

-

1,210

Cash at bank

7,402

12,858

7,402

14,068

CREDITORS

Amounts falling due within one year

3,358

3,761

NET CURRENT ASSETS

4,044

10,307

TOTAL ASSETS LESS CURRENT LIABILITIES

29,422

35,744

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,322

35,644

SHAREHOLDERS' FUNDS

29,422

35,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2017 and were signed on its behalf by:

Mr R A Conlon - Director

Mrs N Conlon - Director

1.	STATUTORY INFORMATION

Conlons (Furnished Lettings) Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be

found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

Investments in associates

Investments in associate undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2016

and 31 March 2017

1,719

DEPRECIATION

At 1 April 2016

1,482

Charge for year

59

At 31 March 2017

1,541

NET BOOK VALUE

At 31 March 2017

178

At 31 March 2016

237

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2016

and 31 March 2017

25,200

NET BOOK VALUE

At 31 March 2017

25,200

At 31 March 2016

25,200

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 March 2017 and 31 March 2016:

31.3.17

31.3.16

£

£

Mr R A Conlon and Mrs N Conlon

Balance outstanding at start of year

1,948

8,998

Amounts repaid

(1,724

)

(7,050

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

224

1,948

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.