Ledbury Esher Limited Filleted accounts for Companies House (small and micro)

LEDBURY ESHER LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09886942

Ledbury Esher Limited

Filleted Unaudited Financial Statements

30 April 2018

Ledbury Esher Limited

Statement of Financial Position

30 April 2018

	2018	2017
Note	£	£

Current assets

Stocks		–	2,456,170
Debtors	3	379,151	2,994
		---------	------------
		379,151	2,459,164

Creditors: amounts falling due within one year	4	686,151	2,459,064
		---------	------------
Net current (liabilities)/assets		( 307,000)	100
		---------	----
Total assets less current liabilities		( 307,000)	100
		---------	----
Net (liabilities)/assets		( 307,000)	100
		---------	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 307,100)	–
	---------	----
Shareholders (deficit)/funds	( 307,000)	100
	---------	----

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 income statement has not been delivered.

For the year ending 30 April 2018 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 were approved by the board of directors and authorised for issue on 25 January 2019 , and are signed on behalf of the board by:

Mr Maugham	Mr Saville
Director	Director

Company registration number: 09886942

Ledbury Esher Limited

Notes to the Financial Statements

Year ended 30 April 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 21 Great Western Studios,, 65 Alfred Road, London, W2 5EU, England.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

3. Debtors

	2018	2017
	£	£
Trade debtors	379,151	–
Other debtors	–	2,994
	---------	-------
	379,151	2,994
	---------	-------

4. Creditors: amounts falling due within one year

	2018	2017
	£	£
Bank loans and overdrafts	–	1,388,205
Trade creditors	684,035	1,070,859
Other creditors	2,116	–
	---------	------------
	686,151	2,459,064
	---------	------------

5. Related party transactions

The company is under the control of the board of directors. As at 30 April 2018, the company owed the following amounts, on an interest free basis: Rotella Limited £123,105 (2017: £409,753) Dragons Development £560,930 (2017: £559,610) As at 30 April 2018, the company is owed the following amounts, on an interest free basis: Ledbury Homes Limited £379,151 (2017: Nil) The loans carry no fixed terms for repayment and are repayable on demand.