LCR Properties Limited - Accounts to registrar (filleted) - small 17.3
LCR Properties Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017 |
| FOR |
| LCR PROPERTIES LIMITED |
| LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| LCR PROPERTIES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 June 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Sandall House |
| 230 High Street |
| Herne Bay |
| Kent |
| CT6 5AX |
| LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935) |
| STATEMENT OF FINANCIAL POSITION |
| 30 June 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 30 June 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 |
| LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2017 |
| 1. | STATUTORY INFORMATION |
| LCR Properties Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rents receivable. |
| Tangible fixed assets |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair |
| value is recognised in profit or loss. |
| Financial instruments |
| Fixed Asset Investments are initially measured at fair value plus any directly attributable transaction costs. |
| Subsequent to initial recognition, they are measured at fair value and changes therein, other than impairment losses |
| and foreign currency differences on debt instruments are recognised in OCI and accumulated in the fair value |
| reserve. When these assets are derecognised, the gain or loss accumulated in equity is reclassified to profit or loss. |
| 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 |
| LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 July 2016 |
| Additions |
| At 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2016 |
| Revaluations |
| At 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 | 20,000 |
| Charge for year | 10,000 |
| At 30 June 2017 | 30,000 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| Fair value at 30 June 2017 is represented by: |
| £ |
| Valuation in 2015 | 50,000 |
| Valuation in 2017 | 451,310 |
| Cost | 2,945,690 |
| 3,447,000 |
| LCR PROPERTIES LIMITED (REGISTERED NUMBER: 08586935) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2017 |
| 5. | INVESTMENT PROPERTY - continued |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 2017 | 2016 |
| £ | £ |
| Cost | 2,945,690 | 2,945,690 |
| Aggregate depreciation | (30,000 | ) | (20,000 | ) |
| The investment properties were valued on an open market basis on 30 June 2017 by the Director . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other creditors |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| Revaluation adjustments | 501,310 |
| At 30 June 2017 |
| 10. | FIRST YEAR ADOPTION |
| There are no adjustments arising from the transition to FRS 102 from UK GAAP which require disclosure. |