Little Aston Hall & Lakeside Ltd 31/12/2017 iXBRL

Little Aston Hall & Lakeside Ltd 31/12/2017 iXBRL

LITTLE ASTON HALL AND LAKESIDE LIMITED - Company Information

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31/12/2017 2017-12-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-01-01 Sage Accounts Production 18.11 - FRS xbrli:pure xbrli:shares iso4217:GBP 3008616 2017-01-01 2017-12-31 3008616 2017-12-31 3008616 2016-12-31 3008616 bus:Director3 2017-01-01 2017-12-31 3008616 core:LandBuildings core:OwnedOrFreeholdAssets 2017-12-31 3008616 core:WithinOneYear 2017-12-31 3008616 core:WithinOneYear 2016-12-31 3008616 core:ShareCapital 2017-12-31 3008616 core:ShareCapital 2016-12-31 3008616 core:SharePremium 2017-12-31 3008616 core:SharePremium 2016-12-31 3008616 core:LandBuildings core:OwnedOrFreeholdAssets 2016-12-31 3008616 bus:SmallEntities 2017-01-01 2017-12-31 3008616 bus:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 3008616 bus:FullAccounts 2017-01-01 2017-12-31 3008616 bus:SmallCompaniesRegimeForAccounts 2017-01-01 2017-12-31 3008616 bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
Company registration number: 3008616
Little Aston Hall & Lakeside Ltd
Unaudited filleted financial statements
31 December 2017
Little Aston Hall & Lakeside Ltd
Contents
Statement of financial position
Notes to the financial statements
Little Aston Hall & Lakeside Ltd
Statement of financial position
31 December 2017
2017 2016
Note £ £ £ £
Fixed assets
Tangible assets 4 375,191 375,191
_______ _______
375,191 375,191
Current assets
Debtors 5 71,937 71,077
Cash at bank and in hand 137,218 100,312
_______ _______
209,155 171,389
Creditors: amounts falling due
within one year 6 ( 104,999) ( 94,444)
_______ _______
Net current assets 104,156 76,945
_______ _______
Total assets less current liabilities 479,347 452,136
_______ _______
Net assets 479,347 452,136
_______ _______
Capital and reserves
Called up share capital 367,500 367,500
Share premium account 10,000 10,000
Contingency reserve 101,847 74,636
_______ _______
Shareholders funds 479,347 452,136
_______ _______
For the year ending 31 December 2017 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 year 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 February 2018 , and are signed on behalf of the board by:
R B Adams
Director
Company registration number: 3008616
Little Aston Hall & Lakeside Ltd
Notes to the financial statements
Year ended 31 December 2017
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 January 2017 and 31 December 2017 375,191 375,191
_______ _______
Depreciation
At 1 January 2017 and 31 December 2017 - -
_______ _______
Carrying amount
At 31 December 2017 375,191 375,191
_______ _______
At 31 December 2016 375,191 375,191
_______ _______
5. Debtors
2017 2016
£ £
Trade debtors 65,530 62,805
Other debtors 6,407 8,272
_______ _______
71,937 71,077
_______ _______
6. Creditors: amounts falling due within one year
2017 2016
£ £
Trade creditors 101,669 94,424
Corporation tax 3,330 20
_______ _______
104,999 94,444
_______ _______
7. Controlling party
There is no controlling party.