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Abbreviated Accounts for the Year Ended 31 January 2016 |
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The Lofts (Ormskirk) Management Limited |
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Abbreviated Accounts for the Year Ended 31 January 2016 |
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The Lofts (Ormskirk) Management Limited |
The Lofts (Ormskirk) Management Limited (Registered number: 06649522) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 January 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
The Lofts (Ormskirk) Management Limited |
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Company Information |
for the Year Ended 31 January 2016 |
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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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The Lofts (Ormskirk) Management Limited (Registered number: 06649522) |
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Abbreviated Balance Sheet |
31 January 2016 |
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31.1.16 | 31.1.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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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 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
The Lofts (Ormskirk) Management Limited (Registered number: 06649522) |
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Abbreviated Balance Sheet - continued |
31 January 2016 |
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The financial statements were approved by the Board of Directors on
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The Lofts (Ormskirk) Management Limited (Registered number: 06649522) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 January 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net property sales. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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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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2. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 February 2015 |
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Additions |
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At 31 January 2016 |
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NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.16 | 31.1.15 |
value: | £ | £ |
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Ordinary | £1 |
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4. | ULTIMATE PARENT COMPANY |
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5. | RELATED PARTY DISCLOSURES |
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The director, T P Riley, operates a current account with the company, to which all transactions of a private |
nature are charged. At 31st January 2016 an amount of £1,306 (2015 £7,272) is included in other creditors. |
The Lofts (Ormskirk) Management Limited (Registered number: 06649522) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 January 2016 |
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5. | RELATED PARTY DISCLOSURES - continued |
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Ascot Properties UK Limited |
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A company in which Mr T P Riley is a director |
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At the year end £19,683 (2015 £445,165) was due to Ascot Properties UK Limited. |
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Ascot Waterloo Limited |
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A company in which Mr T P M Riley is a shareholder and director. |
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At the year end £262,816 (2015 £261,080) was due to Ascot Waterloo Limited. |
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Ascot Towers Southport Limited |
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T P Riley is married to L S Riley who is a director of the company. |
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At the year end £50,789 was due from Ascot Towers Southport Limited. |
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6. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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