Company Registration No. 9720968 (England and Wales)
Livesey Properties Ltd
Unaudited accounts
for the year ended 31 March 2018
Livesey Properties Ltd
Unaudited accounts
Contents
Livesey Properties Ltd
Company Information
for the year ended 31 March 2018
Directors
Mrs S Wilkinson
Mr A Wilkinson
Company Number
9720968 (England and Wales)
Registered Office
DURHAM HOUSE
14 HIGH ROW
GAINFORD
DL2 3DN
UNITED KINGDOM
Accountants
JLA Accounting Limited
9 Flora Avenue
Darlington
DL3 8PF
Livesey Properties Ltd
Statement of financial position
as at 31 March 2018
Tangible assets
2,503
436,034
Cash at bank and in hand
6,790
13,220
Creditors: amounts falling due within one year
(187,243)
(365,773)
Net current liabilities
(173,791)
(352,553)
Total assets less current liabilities
(171,288)
83,481
Creditors: amounts falling due after more than one year
-
(88,717)
Net liabilities
(171,288)
(5,236)
Called up share capital
202
202
Profit and loss account
(171,490)
(5,438)
Shareholders' funds
(171,288)
(5,236)
For the year ending 31 March 2018 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 November 2018.
Mrs S Wilkinson
Director
Company Registration No. 9720968
Livesey Properties Ltd
Notes to the Accounts
for the year ended 31 March 2018
Livesey Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 9720968. The registered office is DURHAM HOUSE, 14 HIGH ROW, GAINFORD, DL2 3DN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line 2% (from date of completion)
Plant & machinery
Straight line 10%
Fixtures & fittings
Straight line 20%
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
432,592
1,624
3,020
437,236
Disposals
(432,592)
(1,624)
-
(434,216)
At 31 March 2018
-
-
3,500
3,500
At 1 April 2017
-
865
337
1,202
Charge for the year
5,047
189
660
5,896
On disposals
(5,047)
(1,054)
-
(6,101)
At 31 March 2018
-
-
997
997
At 31 March 2018
-
-
2,503
2,503
At 31 March 2017
432,592
759
2,683
436,034
Livesey Properties Ltd
Notes to the Accounts
for the year ended 31 March 2018
Accrued income and prepayments
3,137
-
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
-
3,735
Loans from directors
186,343
362,038
7
Creditors: amounts falling due after more than one year
2018
2017
Allotted, called up and fully paid:
100 A Ordinary Shares of £1 each
100
100
100 B Ordinary Shares of £1 each
100
100
2 C Ordinary Shares of £1 each
2
2
9
Transactions with related parties
SW Pilates, a company in which S Wilkinson is also a director and shareholder, paid Livesey Properties Ltd rent of £7,375 (2017: £9,100) in the year.
During the year a property owned by Livesey Properties Limited was sold at a market value of £250,000 to A Wilkinson and S Wilkinsons' Pension Scheme.
Rent of £4,512 (2017: Nil) was paid from Livesey Properties Ltd to A Wilkinson and S Wilkinsons' Pension Scheme.
The balance owed to the directors at the balance sheet date was £186,343 (2017: £362,038), which is included in the Creditors: amounts falling due within one year. No terms have been agreed for
repayment but the directors have given a full undertaking not to seek repayment of any sums which would threaten the solvency position of the company and to underwrite any shortfall.
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Average number of employees
During the year the average number of employees was 0 (2017: 0).