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Abbreviated Accounts for the Year Ended 31 August 2016 |
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LK Lettings Limited |
REGISTERED NUMBER:
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Abbreviated Accounts for the Year Ended 31 August 2016 |
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for |
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LK Lettings Limited |
LK Lettings Limited (Registered number: 08669244) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
LK Lettings Limited |
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Company Information |
for the Year Ended 31 August 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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LK Lettings Limited (Registered number: 08669244) |
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Abbreviated Balance Sheet |
31 August 2016 |
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31.8.16 | 31.8.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 3 |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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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The financial statements were approved by the director on
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LK Lettings Limited (Registered number: 08669244) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market |
value is transferred to a revaluation reserve. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Funding |
The company meets it day to day working capital requirements through the support of its director. Due to this continued |
support she believes that it is appropriate to prepare the accounts on a going concern basis which assumes that the company |
will continue in operational existence for the foreseeable future. |
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Freehold investment property |
The company's commercial letting is regarded as an Investment property and is included at its open market value. |
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Depreciation |
In accordance with the Financial Reporting Standard for Small Entities, no depreciation is provided in respect of the freehold |
investment property. This represents a departure from the Companies Act 2006 requirements concerning the depreciation of |
fixed assets. The directors consider that the adoption of this policy is necessary to give a true and fair view. |
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2. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 September 2015 |
and 31 August 2016 |
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NET BOOK VALUE |
At 31 August 2016 |
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At 31 August 2015 |
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3. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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31.8.16 | 31.8.15 |
£ | £ |
Repayable by instalments | 204,936 | 217,651 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.16 | 31.8.15 |
value: | £ | £ |
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Ordinary | £1 |
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