Company Registration No. 05435036 (England and Wales)
LAMBERT COURT FREEHOLD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
PAGES FOR FILING WITH REGISTRAR
LAMBERT COURT FREEHOLD LIMITED
COMPANY INFORMATION
Directors
Mr R J Chubb
Miss C A Ellis
Mr A W Timperley
Mr B L Weedon
Secretary
Mainstay (Secretaries) Limited
Company number
05435036
Registered office
Whittington Hall
Whittington Road
Worcester
Worcestershire
WR5 2ZX
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
LAMBERT COURT FREEHOLD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LAMBERT COURT FREEHOLD LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2020
31 December 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,470
8,470
Current assets
Cash at bank and in hand
138
138
Net current assets
138
138
Total assets less current liabilities
8,608
8,608
Reserves
Other reserves
8,470
8,470
Income and expenditure account
138
138
Members' funds
8,608
8,608
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.
true
For the financial year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 March 2021 and are signed on its behalf by:
Miss C A Ellis
Director
Company Registration No. 05435036
LAMBERT COURT FREEHOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
- 2 -
1
Accounting policies
Company information
Lambert Court Freehold Limited is a
private
company
limited by guarantee
incorporated in England and Wales.
The registered office is
Whittington Hall, Whittington Road, Worcester, Worcestershire, WR5 2ZX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings
Nil
No depreciation is provided on land and buildings. The company follows a programme of regular refurbishment
and maintenance of its properties, which includes the reinstatement of the fabric of the buildings where necessary
in order to maintain them to a high standard. Accordingly in the opinion of the directors any element of
depreciation would be immaterial and no provision has been made.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 4
(2019 - 4).
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2020 and 31 December 2020
8,470
Depreciation and impairment
At 1 January 2020 and 31 December 2020
Carrying amount
At 31 December 2020
8,470
At 31 December 2019
8,470
LAMBERT COURT FREEHOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
- 3 -
4
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
5
Service charge accounts
Separate service charge accounts are prepared detailing the income and expenditure for Lambert Court.