Company Registration No. 04767199 (England and Wales)
Lonpall Property Company Limited
Unaudited abbreviated financial statements
For the year ended 31 May 2015
LONPALL PROPERTY COMPANY LIMITED
Lonpall Property Company Limited
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
LONPALL PROPERTY COMPANY LIMITED
Lonpall Property Company Limited
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Stocks
-
235,000
Debtors
-
531
-
235,531
Creditors: amounts falling due within one year
(74,258)
(263,284)
Total assets less current liabilities
(74,258)
(27,753)
Capital and reserves
Called up share capital
2
9
9
Revaluation reserve
-
(67,691)
Profit and loss account
(74,267)
39,929
Shareholders' funds
(74,258)
(27,753)
For the financial year ended 31 May 2015 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 28 January 2016
J H L Weston
Director
Company Registration No. 04767199
LONPALL PROPERTY COMPANY LIMITED
Lonpall Property Company Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention. .
.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for sale of property and rent.
for sale of property and
rent.
1.4
Stock
Work in progress is valued at the lower of cost and net realisable value.
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.6
Going concern
The company is not expected to continue trading for the foreseeable future following the disposal of its property. The accounts have therefore not been prepared on the going concern basis.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
9 Ordinary shares of £1 each
9
9