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Unaudited Financial Statements for the Year Ended 31 March 2017 |
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L3 GROUP LTD |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2017 |
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for |
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L3 GROUP LTD |
L3 GROUP LTD (Registered number: 02261135) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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L3 GROUP LTD |
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Company Information |
for the Year Ended 31 March 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Lombard Chambers |
Ormond Street |
Liverpool |
L3 9NA |
L3 GROUP LTD (Registered number: 02261135) |
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Balance Sheet |
31 March 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CREDITORS |
Amounts falling due after more than
one year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET (LIABILITIES)/ASSETS | ( |
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L3 GROUP LTD (Registered number: 02261135) |
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Balance Sheet - continued |
31 March 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
RESERVES |
Revaluation reserve | 8 |
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Other reserves |
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Retained earnings | ( |
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( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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L3 GROUP LTD (Registered number: 02261135) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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L3 GROUP LTD is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates |
calculated to write off the cost of fixed assets, less their estimated residual value., over their |
expected useful lives on the following bases: |
Fixtures & fittings : 20% reducing balance |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
L3 GROUP LTD (Registered number: 02261135) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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3. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 April 2016 |
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Revaluations | (970,000 | ) |
At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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5. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
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Other debtors |
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L3 GROUP LTD (Registered number: 02261135) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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6. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 151,868 | 100,847 |
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8. | RESERVES |
Revaluatio |
reserve |
£ |
At 1 April 2016 |
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No description | (970,000 | ) |
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At 31 March 2017 |
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L3 GROUP LTD (Registered number: 02261135) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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9. | OTHER FINANCIAL COMMITMENTS |
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EATON COURT SINKING FUND: |
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A sinking fund has been established in order to provided against the committed cost of major |
works to be carried out at Eaton Ourt. Eaton Court is a group of properties to which the |
company provides management services. |
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EATON COURT PAINTING PROVISION: |
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A provision has been made against the committed cost of 5 yearly repainting of comunal |
areas at Eaton Court. |
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COMPANY STATUS: |
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The company is a privat company limited by guarantee and consequently does not have share |
capital. Eash of the members is liable to contribute an amount not exceeding £1 towards the |
assets of the company in the event of liquidation. |
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PENSION COMMITMENTS: |
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The company participates in the Pension Trust defined contribution pension scheme and the |
assets of that scheme are held separatly from are held separatly from those of the company. |
Payments are also made in relation to stakeholder arrangements. |
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Contributions payable by the company to the scheme during the year amountted to |
£1,898(2016:£2,286) |
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10. | POST BALANCE SHEET EVENTS |
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The Company sold the following fixed assets after the year ended: |
Trinity RC School |
Day Nursery |
Gym Site |