Leaker Direct (Properties) Ltd
|
Registered Number
:
SC
238049
|
For the year ended 31 March 2019
Scotland
Unaudited Financial Statements
For the year ended 31 March 2019
Leaker Direct (Properties) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Leaker Direct (Properties) Ltd
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
971,670
971,670
2
971,670
971,670
Trade and other receivables
|
14,803
26,940
3
474
Cash and cash equivalents
|
3,582
30,522
15,277
Trade and other payables
:
amounts falling due within one
|
year
|
(659,617)
(658,385)
4
(644,340)
(627,863)
Net current liabilities
Total assets less current liabilities
|
343,807
327,330
343,807
Net assets
327,330
-
100
90,072
90,072
5
253,735
237,158
343,807
327,330
Shareholders' funds
For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 17 August 2019 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 March 2019
Leaker Direct (Properties) Ltd
Notes to the Financial Statements
Statutory Information
Leaker Direct
(
Properties
)
Ltd is a private limited company
,
limited by shares
,
domiciled in Scotland
,
registration
|
number SC
238049
.
|
Units 109/110
Block 11
Howden Avenue
Newhouse
ML1 5RX
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
The company
''
s freehold properties were professionally valued in
0
.
This valuation has been reduced by subsequent
|
depreciation
.
Under the transitional provisions of the Financial Reporting Standard for Smaller Entities
(
effective
|
January
2015
)
the properties continue to be stated at that valuation less accumulated depreciation to date and that
|
valuation has not been updated
.
|
The company
''
s freehold properties are revalued in full every five years
.
Interim valuations are carried out when it is
|
likely that there has been a material change in value
.
|
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
2 of 4
For the year ended 31 March 2019
Leaker Direct (Properties) Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
971,670
971,670
971,670
971,670
In respect of certain fixed assets stated at valuations
,
the comparable historical cost and depreciation
values are as
|
follows
:
|
881,597
Net historical cost value
:
|
881,597
881,597
3
.
Trade and other receivables
|
2018
2019
22,441
10,397
4,499
4,406
14,803
26,940
4
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
Bank loans and overdraft
(
secured
)
|
-
18,095
47,160
97,587
Amounts owed to group undertaking and undertaking in which the
|
company has a participating interest
|
599,904
520,367
Taxation and social security
|
10,366
21,253
955
2,315
658,385
659,617
3 of 4
For the year ended 31 March 2019
Leaker Direct (Properties) Ltd
Notes to the Financial Statements Continued
Revaluation reserve at
01
April
2018
|
90,072
90,072
Revaluation reserve at
31
March
2019
|
4 of 4