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Registration number: 10876751

Laws Properties Limited

Annual Report and Unaudited Financial Statements

for the Period from 20 July 2017 to 31 July 2018

Harland Accountants
1a Berkeley Court
Berkeley Vale
Falmouth
Cornwall
TR11 3PB

 

Laws Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 5

 

Laws Properties Limited

Company Information

Directors

Mr IS Laws

Mrs SE Laws

Registered office

1a Berkeley Court
Berkeley Vale
Falmouth
Cornwall
TR11 3PB

Accountants

Harland Accountants
1a Berkeley Court
Berkeley Vale
Falmouth
Cornwall
TR11 3PB

 

Laws Properties Limited

(Registration number: 10876751)
Balance Sheet as at 31 July 2018

Note

2018
£

Fixed assets

 

Investment property

3

189,873

Current assets

 

Debtors

462

Creditors: Amounts falling due within one year

(194,122)

Net current liabilities

 

(193,660)

Net liabilities

 

(3,787)

Capital and reserves

 

Called up share capital

100

Profit and loss account

(3,887)

Total equity

 

(3,787)

For the financial period ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Laws Properties Limited

(Registration number: 10876751)
Balance Sheet as at 31 July 2018

Approved and authorised by the Board on 30 October 2018 and signed on its behalf by:
 

.........................................

Mr IS Laws
Director

.........................................

Mrs SE Laws
Director

 

Laws Properties Limited

Notes to the Financial Statements for the Period from 20 July 2017 to 31 July 2018

1

General information

The company is a private company limited by share capital, incorporated in England and Wale.

The address of its registered office is:
1a Berkeley Court
Berkeley Vale
Falmouth
Cornwall
TR11 3PB

These financial statements were authorised for issue by the Board on 30 October 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in existence for the foreseeable future. The validity of this assumption depends upon the continued support of the company's directors, who have loaned the company funds. The directors have confirmed that they will not request repayment unless the company has the funds available to meet the request.

Investment property

The investment property is in the course of being refurbished and, as such, is carried at cost. Once the refurbishment is completed, the property will be carried at fair value, such valuation being carried out in accordance with FRS 102.

 

Laws Properties Limited

Notes to the Financial Statements for the Period from 20 July 2017 to 31 July 2018

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Investment properties

2018
£

Additions

189,873

There has been no valuation of investment property by an independent valuer, as the property is in the course of being refurbished.