1 April 2017 false No description of principal activity Taxfiler 2018.14.Web 9720968business:PrivateLimitedCompanyLtd2017-04-012018-03-31 97209682017-03-31 97209682017-04-012018-03-31 9720968business:AuditExemptWithAccountantsReport2017-04-012018-03-31 9720968business:FullAccounts2017-04-012018-03-31 97209682018-03-31 9720968business:Director12017-04-012018-03-31 9720968business:Director22017-04-012018-03-31 9720968business:RegisteredOffice2017-04-012018-03-31 97209682017-03-31 9720968core:WithinOneYear2018-03-31 9720968core:WithinOneYear2017-03-31 9720968core:AfterOneYear2018-03-31 9720968core:AfterOneYear2017-03-31 9720968core:ShareCapital2018-03-31 9720968core:ShareCapital2017-03-31 9720968core:RetainedEarningsAccumulatedLosses2018-03-31 9720968core:RetainedEarningsAccumulatedLosses2017-03-31 9720968business:SmallEntities2017-04-012018-03-31 9720968countries:EnglandWales2017-04-012018-03-31 9720968core:LandBuildings2017-04-012018-03-31 9720968core:PlantMachinery2017-04-012018-03-31 9720968core:FurnitureFittings2017-04-012018-03-31 9720968core:LandBuildings2017-03-31 9720968core:PlantMachinery2017-03-31 9720968core:FurnitureFittings2017-03-31 9720968core:LandBuildings2018-03-31 9720968core:PlantMachinery2018-03-31 9720968core:FurnitureFittings2018-03-31 9720968business:OrdinaryShareClass12017-04-012018-03-31 9720968business:OrdinaryShareClass12016-04-012017-03-31 9720968business:OrdinaryShareClass22017-04-012018-03-31 9720968business:OrdinaryShareClass22016-04-012017-03-31 9720968business:OrdinaryShareClass32017-04-012018-03-31 9720968business:OrdinaryShareClass32016-04-012017-03-31 9720968business:AllOrdinaryShares2017-04-012018-03-31 9720968business:AllOrdinaryShares2016-04-012017-03-31 97209682016-04-012017-03-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
Livesey Properties Ltd Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,503 
436,034 
Current assets
Debtors
6,662 
- 
Cash at bank and in hand
6,790 
13,220 
13,452 
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)
Capital and reserves
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
- 4 -
Livesey Properties Ltd Notes to the Accounts for the year ended 31 March 2018
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
- 
480 
480 
Disposals
(432,592)
(1,624)
- 
(434,216)
At 31 March 2018
- 
- 
3,500 
3,500 
Depreciation
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 
Net book value
At 31 March 2018
- 
- 
2,503 
2,503 
At 31 March 2017
432,592 
759 
2,683 
436,034 
- 5 -
Livesey Properties Ltd Notes to the Accounts for the year ended 31 March 2018
5
Debtors
2018 
2017 
£ 
£ 
Trade debtors
525 
- 
Accrued income and prepayments
3,137 
- 
Other debtors
3,000 
- 
6,662 
- 
6
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
- 
3,735 
Loans from directors
186,343 
362,038 
Accruals
900 
- 
187,243 
365,773 
7
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Bank loans
- 
87,967 
Accruals
- 
750 
- 
88,717 
8
Share capital
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 
202 
202 
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.
10
Average number of employees
During the year the average number of employees was 0 (2017: 0).
- 6 -