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Lime Properties (Liverpool) Limited |
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Unaudited Financial Statements for the Year Ended 28 February 2017 |
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Lime Properties (Liverpool) Limited |
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Unaudited Financial Statements for the Year Ended 28 February 2017 |
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Lime Properties (Liverpool) Limited (Registered number: 07532618) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2017 |
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Page |
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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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Lime Properties (Liverpool) Limited |
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Company Information |
for the Year Ended 28 February 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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Chartered Certified Accountants |
48 - 52 Penny Lane |
Mossley Hill |
Liverpool |
Merseyside |
L18 1DG |
Lime Properties (Liverpool) Limited (Registered number: 07532618) |
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Balance Sheet |
28 February 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 |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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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 |
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Revaluation reserve | 6 |
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Retained earnings |
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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
by: |
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Lime Properties (Liverpool) Limited (Registered number: 07532618) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2017 |
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1. | STATUTORY INFORMATION |
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Lime Properties (Liverpool) Limited is a
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The company's 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 net rents receivable, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 March 2016 |
and 28 February 2017 |
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DEPRECIATION |
At 1 March 2016 |
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Charge for year |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 29 February 2016 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 March 2016 |
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Revaluations | 139,880 |
At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 29 February 2016 |
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Lime Properties (Liverpool) Limited (Registered number: 07532618) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2017 |
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4. | INVESTMENT PROPERTY - continued |
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Fair value at 28 February 2017 is represented by: |
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£ |
Valuation in 2015 | 71,348 |
Valuation in 2017 | 139,880 |
Cost | 1,524,772 |
1,736,000 |
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If Investment property had not been revalued it would have been included at the following historical cost: |
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2017 | 2016 |
£ | £ |
Cost | 1,524,772 | 1,524,772 |
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Investment property was valued on an open market basis on 28 February 2015 by the directors . |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | RESERVES |
Revaluation |
reserve |
£ |
At 1 March 2016 |
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Revaluation in year | 111,904 |
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At 28 February 2017 |
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7. | ULTIMATE CONTROLLING PARTY |
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By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate |
controlling party. |