Company Registration Number 10206095 (England and Wales)
LS BRITAINS HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
PAGES FOR FILING WITH REGISTRAR
LS BRITAINS HOMES LIMITED
COMPANY INFORMATION
Directors
Mrs Linda Britain
Mr Stephen Britain
Secretary
Mrs Linda Britain
Company number
10206095
Registered office
60 Warren Road
Guildford
Surrey
GU1 2HH
Accountants
Heather & Co Ltd
The Old Stables
Frosbury Farm
Gravetts Lane
Guildford
GU3 3JW
Business address
60 Warren Road
Guildford
Surrey
GU1 2HH
LS BRITAINS HOMES LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3 - 4
LS BRITAINS HOMES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 1 -
The directors present their annual report and financial statements for the year ended 30 September 2020.
Principal activities
The principal activity of the company continues to be that of property investment involving the purchase, ownership and rental of property for profit.
The Company successfully completed the purchase of its second property in November 2019 and after refurbishment and upgrading, it was let with effect from January 2020. The Company will consider the purchase of a third property in due course.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mrs Linda Britain
Mr Stephen Britain
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.
On behalf of the board
Mr Stephen Britain
Director
9 December 2020
LS BRITAINS HOMES LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LS BRITAINS HOMES LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LS Britains Homes Limited for the year ended 30 September 2020, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.
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 at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the
b
oard of
d
irectors of LS Britains Homes Limited, as a body, in accordance with the terms of our engagement letter dated 4 June 2018. Our work has been undertaken solely to prepare for your approval the financial statements of LS Britains Homes Limited and state those matters that we have agreed to state to the
b
oard of
d
irectors of LS Britains Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LS Britains Homes Limited and its
b
oard of
d
irectors as a body, for our work or for this report.
It is your duty to ensure that LS Britains Homes Limited 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 loss
of LS Britains Homes Limited. You consider that LS Britains Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of LS Britains Homes Limited. 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.
Heather & Co Ltd
25 November 2020
Chartered Accountants
The Old Stables
Frosbury Farm
Gravetts Lane
Guildford
GU3 3JW
LS BRITAINS HOMES LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2020
30 September 2020
- 3 -
2020
2019
£
£
£
£
Fixed assets
1,146,167
725,094
Current assets
67,427
254,874
Prepayments and accrued income
1,220
Creditors: amounts falling due within one year
(2,256)
(2,036)
Net current assets
65,171
254,058
Total assets less current liabilities
1,211,338
979,152
Creditors: amounts falling due after more than one year
(1,309,060)
(1,034,994)
Net liabilities
(97,722)
(55,842)
Capital and reserves
(97,722)
(55,842)
Notes to the financial statements
1
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2020
2019
Number
Number
Employees
LS Britains Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 60 Warren Road, Guildford, Surrey, GU1 2HH.
For the year ended 30 September 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.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
LS BRITAINS HOMES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2020
30 September 2020
- 4 -
The financial statements were approved by the board of directors and authorised for issue on 9 December 2020 and are signed on its behalf by:
Mr Stephen Britain
Director
Company Registration Number 10206095