|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2017 |
|
for |
|
Langtons Property Plus Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2017 |
|
for |
|
Langtons Property Plus Limited |
Langtons Property Plus Limited (Registered number: 02795772) |
|
Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Langtons Property Plus Limited |
|
Company Information |
for the Year Ended 31 December 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
20 Exhibition House |
Addison Bridge Place |
London |
W14 8XP |
Langtons Property Plus Limited (Registered number: 02795772) |
|
Balance Sheet |
31 December 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
Investments | 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 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Revaluation reserve | 10 |
|
|
Retained earnings | 10 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
Langtons Property Plus Limited (Registered number: 02795772) |
|
Balance Sheet - continued |
31 December 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 Board of Directors on
by: |
|
|
|
|
|
|
|
Langtons Property Plus Limited (Registered number: 02795772) |
|
Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
|
|
1. | STATUTORY INFORMATION |
|
Langtons Property Plus Limited is a
|
company's 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 net invoiced sales of services excluding value added tax. |
|
Tangible fixed assets |
|
Leasehold property | - |
|
Fixtures, fittings and equipment | - |
|
|
Debtors |
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the |
arrangement constitutes a financing transaction, where the transaction is measured at the present value of the |
future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost |
using the effective interest method, less any impairment. |
|
Cash and cash equivalents |
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and |
other short-term highly liquid investments that mature in no more than three months from the date of |
acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
|
Creditors |
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related |
parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, |
where the debt instrument is measured at the present value of the future payments discounted at a market |
rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest |
method, less any impairment. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Langtons Property Plus Limited (Registered number: 02795772) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
Leasehold | and | Computer |
property | equipment | equipment | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 January 2017 |
|
|
|
|
Additions |
|
|
|
|
At 31 December 2017 |
|
|
|
|
DEPRECIATION |
At 1 January 2017 |
|
|
|
|
Charge for year |
|
|
|
|
At 31 December 2017 |
|
|
|
|
NET BOOK VALUE |
At 31 December 2017 |
|
|
|
|
At 31 December 2016 |
|
|
|
|
|
Cost or valuation at 31 December 2017 is represented by: |
|
Fixtures, |
fittings |
Leasehold | and | Computer |
property | equipment | equipment | Totals |
£ | £ | £ | £ |
Valuation in 2013 | 52,976 | - | - | 52,976 |
Valuation in 2016 | 20,000 | - | - | 20,000 |
Cost | 322,024 | 6,863 | 8,253 | 337,140 |
395,000 | 6,863 | 8,253 | 410,116 |
|
If leasehold property had not been revalued it would have been included at the following historical cost: |
|
2017 | 2016 |
£ | £ |
Cost | 322,024 | 322,024 |
Aggregate depreciation | 64,400 | 57,960 |
|
Leasehold property was valued on an open market basis on 31 December 2017 by Mrs K S Redstone . |
Langtons Property Plus Limited (Registered number: 02795772) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
|
|
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2017 |
and 31 December 2017 |
|
NET BOOK VALUE |
At 31 December 2017 |
|
At 31 December 2016 |
|
|
The fixed asset investment represents 25 % of the share and loan capital of 61 St Peter's Street Limited. |
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
|
|
Sundry debtors |
|
|
Prepayments |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
|
|
Tenant deposits | 434 | 1,626 |
Credit card creditor | 414 | 2,203 |
Tax |
|
|
Social security and other taxes |
|
|
St Peter's management account | 208 | 389 |
Net wages | 970 | 811 |
Accrued expenses |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Long term loans |
|
|
Langtons Property Plus Limited (Registered number: 02795772) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
|
|
9. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
|
10. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
|
At 1 January 2017 |
|
|
185,204 |
Deficit for the year | ( |
) | ( |
) |
Dividends | ( |
) | ( |
) |
At 31 December 2017 |
|
|
155,477 |
|
11. | RELATED PARTY DISCLOSURES |
|
The company is controlled by the director who, in conjunction with close family members, owns all the shares |
in the company. The director and her close family have provided loans to the company totalling £270,384 |
(2016: £274,430), comprising £10,383 (2016: £14,429) interest free, and, a total of £260,000 (2016 :260,000) |
with interest payable (see Note 11). The company loaned to The Alternative Cigarette Company Ltd, a company |
controlled by Mr E S Redstone, who is also director of Langtons Property Plus Ltd, has been written off (2016: |
£37,108) (see note 9). |