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Unaudited Financial Statements |
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for the Period 1 January 2017 to 30 December 2017 |
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London & Regional Estates (Preston) Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 January 2017 to 30 December 2017 |
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for |
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London & Regional Estates (Preston) Ltd |
London & Regional Estates (Preston) Ltd (Registered number: 03007711) |
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Contents of the Financial Statements |
for the period 1 January 2017 to 30 December 2017 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 5 |
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London & Regional Estates (Preston) Ltd |
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Company Information |
for the period 1 January 2017 to 30 December 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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Chartered Accountants |
1st Floor |
Healthaid House |
Marlborough Hill |
Harrow |
Middlesex |
HA1 1UD |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
London & Regional Estates (Preston) Ltd |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are |
not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of London & Regional Estates (Preston) Ltd for the period ended 30 December 2017 which comprise the Income |
Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you |
have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of London & Regional Estates (Preston) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of London & Regional Estates (Preston) Ltd and state those matters that we have agreed to state to the Board of Directors of London & Regional Estates (Preston) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London & Regional Estates (Preston) Ltd and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that London & Regional Estates (Preston) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of London & Regional Estates (Preston) Ltd. You consider that London & Regional Estates (Preston) Ltd is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of London & Regional Estates (Preston) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
1st Floor |
Healthaid House |
Marlborough Hill |
Harrow |
Middlesex |
HA1 1UD |
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London & Regional Estates (Preston) Ltd (Registered number: 03007711) |
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Balance Sheet |
30 December 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 | 8 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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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. |
London & Regional Estates (Preston) Ltd (Registered number: 03007711) |
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Balance Sheet - continued |
30 December 2017 |
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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
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London & Regional Estates (Preston) Ltd (Registered number: 03007711) |
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Notes to the Financial Statements |
for the period 1 January 2017 to 30 December 2017 |
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1. | STATUTORY INFORMATION |
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London & Regional Estates (Preston) Ltd is a
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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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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value |
is recognised in profit or loss. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent |
that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted |
or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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London & Regional Estates (Preston) Ltd (Registered number: 03007711) |
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Notes to the Financial Statements - continued |
for the period 1 January 2017 to 30 December 2017 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2017 |
and 30 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
and 30 December 2017 |
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NET BOOK VALUE |
At 30 December 2017 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 January 2017 |
and 30 December 2017 |
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NET BOOK VALUE |
At 30 December 2017 |
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At 31 December 2016 |
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Fair value at 30 December 2017 is represented by: |
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£ |
Valuation in 2015 | 486,385 |
Cost | 1,590,690 |
2,077,075 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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London & Regional Estates (Preston) Ltd (Registered number: 03007711) |
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Notes to the Financial Statements - continued |
for the period 1 January 2017 to 30 December 2017 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
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Other creditors |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank loans |
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The bank loans are secured on the property assets of the company. |
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10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 January 2017 |
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Fair value reserve | 17,152 |
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At 30 December 2017 |
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11. | ULTIMATE CONTROLLING PARTY |
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The company is owned by Mr R F Gay. |