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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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LILAC HOUSE LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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LILAC HOUSE LIMITED |
LILAC HOUSE LIMITED (REGISTERED NUMBER: 08755221) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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LILAC HOUSE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 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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Chartered Certified Accountants |
61 Station Road |
Sudbury |
Suffolk |
CO10 2SP |
LILAC HOUSE LIMITED (REGISTERED NUMBER: 08755221) |
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BALANCE SHEET |
31 DECEMBER 2016 |
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31.12.15 | 31.12.16 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
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Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
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Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
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Amounts falling due within one year | 7 |
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) | NET CURRENT LIABILITIES | ( |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CREDITORS |
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Amounts falling due after more than one
year |
8 |
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PROVISIONS FOR LIABILITIES | ( |
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) | NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
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Called up share capital |
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) | Retained earnings | ( |
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( |
) | SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
LILAC HOUSE LIMITED (REGISTERED NUMBER: 08755221) |
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BALANCE SHEET - continued |
31 DECEMBER 2016 |
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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 director on
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LILAC HOUSE LIMITED (REGISTERED NUMBER: 08755221) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Lilac House Limited is a
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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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Preparation of consolidated financial statements |
The financial statements contain information about Lilac House Limited as an individual company |
and do not contain consolidated financial information as the parent of a group. The company has |
taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial |
statements. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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LILAC HOUSE LIMITED (REGISTERED NUMBER: 08755221) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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2. | ACCOUNTING POLICIES - continued |
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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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
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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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Going concern |
These accounts have been prepared on the going concern basis, the validity of which is dependent |
upon the continued financial support of a connected third party. The third party has confirmed that |
this support will be given for a period of at least twelve months from the approval of these financial |
statements, and that they have the financial resources to provide this support. |
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No adjustments have therefore been made to these financial statements in respect of the possibility of |
the company not continuing to trade for at least the next twelve months. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
Totals | machinery | vehicles | equipment |
£ | £ | £ | £ |
COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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LILAC HOUSE LIMITED (REGISTERED NUMBER: 08755221) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2016 |
and 31 December 2016 |
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PROVISIONS |
At 1 January 2016 |
and 31 December 2016 | 83,333 |
NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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The investment consists of 100% of the issued share capital in The Specialist Group UK Ltd |
acquired on 1 July 2014. |
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As at 31 December 2015, the director carried out an impairment review of the investment held. The |
company has been placed into voluntary liquidation on 15 January 2015 and as the director does not |
expect to receive any dividends from the liquidation, the director has revalued the investment at £nil. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Hire purchase contracts |
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LILAC HOUSE LIMITED (REGISTERED NUMBER: 08755221) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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9. | RELATED PARTY DISCLOSURES |
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The company had loans totalling £118,624 (2015 - £45,035) due to D and Mrs J M Fry, being the |
parents-in-law of O Beeton, director. The loan is interest free and repayable on demand. |
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The company had loans totalling £170,008 (2015 - £200,008) due to S Fry, being an uncle of the wife |
of O Beeton, director. |
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During the year, the company received loans from M Fry, an uncle of the wife of O Beeton, director, |
to assist in the purchase of property for development. As at the year end the balance outstanding |
amounted to £126,774. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company is ultimately controlled by O Beeton, director, as he holds 100% of the issued share |
capital. |