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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017 |
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LALEHAM 2010 LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017 |
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FOR |
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LALEHAM 2010 LIMITED |
LALEHAM 2010 LIMITED (REGISTERED NUMBER: 07262318) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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LALEHAM 2010 LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 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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St James's House |
8 Overcliffe |
Gravesend |
Kent |
DA11 0HJ |
LALEHAM 2010 LIMITED (REGISTERED NUMBER: 07262318) |
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BALANCE SHEET |
31 MAY 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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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. |
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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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LALEHAM 2010 LIMITED (REGISTERED NUMBER: 07262318) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2017 |
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1. | STATUTORY INFORMATION |
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Laleham 2010 Limited is a
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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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Turnover |
Turnover represents rental income receivable on the company's property portfolio. Turnover is recognised on a |
time basis throughout the period of rental. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investment property |
Investment property is carried at fair value. Revaluation surpluses and deficits are recognised in the Income |
Statement. Deferred taxation is provided on these unrealised gains at the rate of tax expected to apply when the |
property is sold. |
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Taxation |
Taxation for the year 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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3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 June 2016 |
and 31 May 2017 |
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DEPRECIATION |
At 1 June 2016 |
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Charge for year |
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At 31 May 2017 |
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NET BOOK VALUE |
At 31 May 2017 |
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At 31 May 2016 |
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LALEHAM 2010 LIMITED (REGISTERED NUMBER: 07262318) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2017 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 June 2016 |
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Revaluations |
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At 31 May 2017 |
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NET BOOK VALUE |
At 31 May 2017 |
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At 31 May 2016 |
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Fair value at 31 May 2017 is represented by: |
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£ |
Valuation in 2015 | 40,000 |
Valuation in 2016 | 24,473 |
Valuation in 2017 | 58,000 |
Cost | 562,527 |
685,000 |
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Investment properties were valued on a fair value basis on 31 May 2017 by the directors . |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 |
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LALEHAM 2010 LIMITED (REGISTERED NUMBER: 07262318) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2017 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 June 2016 |
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Profit for the year |
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At 31 May 2017 |
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Included within retained earnings are non-distributable reserves (as defined by the Companies Acts 2006) |
amounting to £112,428 (2016 - £60,619). |
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9. | FIRST YEAR ADOPTION |
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The company has adopted the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A with effect |
from 1st June 2015. |
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As a result of the adoption of FRS 102 Section 1A, the company has re-stated the previously reported figures at |
1st June 2015 and 31st May 2016 to reflect the changes required for the treatment of fair value adjustments to |
investment properties and for the provision of deferred tax in relation to those fair value adjustments. |
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