Company Registration No. 05158261 (England and Wales)
Lamron Developments (Alton) Limited
Annual report and unaudited financial statements
For the year ended 30 June 2017
Pages for filing with registrar
LAMRON DEVELOPMENTS (ALTON) LIMITED
Lamron Developments (Alton) Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LAMRON DEVELOPMENTS (ALTON) LIMITED
Lamron Developments (Alton) Limited
BALANCE SHEET
AS AT
30 JUNE 2017
30 June 2017
- 1 -
2017
2016
Notes
£
£
Current assets
Debtors
3
3,745
793,465
Cash at bank and in hand
666
744
4,411
794,209
Creditors: amounts falling due within one year
4
(1,500)
(1,108,720)
Net assets/(liabilities)
2,911
(314,511)
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
2,909
(314,513)
Total equity
2,911
(314,511)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he member has 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 28 February 2018 and are signed on its behalf by:
M M S McPhail
Director
Company Registration No. 05158261
LAMRON DEVELOPMENTS (ALTON) LIMITED
Lamron Developments (Alton) Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017
- 2 -
1
Accounting policies
Company information
Lamron Developments (Alton) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
55 Loudoun Road, St John's Wood, London, NW8 0DL.
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 are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements for the year ended 30 June 2017
are the
first
financial statements of Lamron Developments (Alton) Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 July 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Turnover
Turnover represents amounts receivable for property sales.
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2016: 2).
LAMRON DEVELOPMENTS (ALTON) LIMITED
Lamron Developments (Alton) Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2017
- 3 -
3
Debtors
2017
2016
Amounts falling due within one year:
£
£
Amounts due from related undertakings
3,745
793,465
3,745
793,465
4
Creditors: amounts falling due within one year
2017
2016
£
£
Amounts due to related undertakings
(5,000)
1,107,220
Accruals
6,500
1,500
1,500
1,108,720
5
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2
6
Controlling party
The company is controlled by N O McPhail by virtue of owning 100% of the issued share capital.