LIFESTYLE_PROPERTY_INVEST - Accounts

LIFESTYLE PROPERTY INVESTMENTS UK LIMITED - Company Information

Print Friendly Version

Company Registration No. 05237085 (England and Wales)

LIFESTYLE PROPERTY INVESTMENTS UK LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

LIFESTYLE PROPERTY INVESTMENTS UK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LIFESTYLE PROPERTY INVESTMENTS UK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2012

Notes

Fixed assets

Tangible assets

90,827

100,147

Current assets

Investments

5,479

Creditors: amounts falling due within one year

(22,284)

(54,497)

Net current liabilities

(22,284)

(49,018)

Total assets less current liabilities

68,543

51,129

Creditors: amounts falling due after more than one year

(181,684)

(147,671)

(113,141)

(96,542)

Capital and reserves

Called up share capital

Profit and loss account

(113,145)

(96,546)

Shareholders' funds

(113,141)

(96,542)

For the financial Period ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2014

Mr G C M Kow

Mr R Sohal

Director

Company Registration No. 05237085

LIFESTYLE PROPERTY INVESTMENTS UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on the going concern basis, notwithstanding net liabilities, for the following reason. The directors' have provided that for a least 12 months from the date of approval of these financial statements, they will continue to make available such funds as are needed by the company and in particular will not seek repayment of the amounts currently made available.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2% straight line

1.4

Investments

Current asset investments are stated at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 October 2012

110,917

Disposals

(10,000)

At 31 March 2014

100,917

Depreciation

At 1 October 2012

10,770

On disposals

(2,698)

Charge for the period

2,018

At 31 March 2014

10,090

Net book value

At 31 March 2014

90,827

At 30 September 2012

100,147

LIFESTYLE PROPERTY INVESTMENTS UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2012

Allotted, called up and fully paid

4 Ordinary shares of £1 each

Transactions with directors

At the year end, within creditors: amounts falling due after more than one year, is a balance of £90,842 (2013: £73,836) due to Mr Sohal and a balance of £90,842 (2013: £73,836) due to Mr Kow, directors of the company.