Company Registration No. 05158261 (England and Wales)
Lamron Developments (Alton) Limited
Annual report and unaudited financial statements
For the year ended 30 June 2018
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 2018
30 June 2018
- 1 -
2018
2017
Notes
£
£
Current assets
Debtors
3
2,245
3,745
Cash at bank and in hand
586
666
2,831
4,411
Creditors: amounts falling due within one year
4
(1,500)
(1,500)
Net assets
1,331
2,911
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
1,329
2,909
Total equity
1,331
2,911
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 2018 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 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 25 March 2019 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 2018
- 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.
1.2
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 (201
7
: 2).
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Amounts due from related undertakings
2,245
3,745
2,245
3,745
LAMRON DEVELOPMENTS (ALTON) LIMITED
Lamron Developments (Alton) Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2018
- 3 -
4
Creditors: amounts falling due within one year
2018
2017
£
£
Other creditors
1,500
1,500
5
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2
2
2