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REGISTERED NUMBER: 10616849 (England and Wales)



















Unaudited financial statements

for the period 13 February 2017 to 28 February 2018

For

Lamb & Leason Homes Ltd

Lamb & Leason Homes Ltd (Registered number: 10616849)

Contents of the financial statements
for the Period 13 February 2017 to 28 February 2018










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


Lamb & Leason Homes Ltd

Company information
for the Period 13 February 2017 to 28 February 2018







DIRECTORS: Mr A J Lamb
Ms P A Leason
Miss S H Stewart





SECRETARY: Miss S H Stewart





REGISTERED OFFICE: Trevigro Bungalow
Trevigro
Callington
Cornwall
PL17 7JS





REGISTERED NUMBER: 10616849 (England and Wales)





ACCOUNTANTS: Prydis Accounts Limited
Chartered Accountants
The Parade
Liskeard
Cornwall
PL14 6AF

Lamb & Leason Homes Ltd (Registered number: 10616849)

Balance sheet
28 February 2018

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,433

CURRENT ASSETS
Stocks 90,422
Debtors 5 4,156
Cash at bank 4,922
99,500
CREDITORS
Amounts falling due within one year 6 107,756
NET CURRENT LIABILITIES (8,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,823

)

CAPITAL AND RESERVES
Called up share capital 3
Retained earnings (6,826 )
SHAREHOLDERS' FUNDS (6,823 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & loss has not been delivered.

The financial statements were approved by the Board of Directors on 12 November 2018 and were signed on its behalf
by:





Miss S H Stewart - Director


Lamb & Leason Homes Ltd (Registered number: 10616849)

Notes to the financial statements
for the Period 13 February 2017 to 28 February 2018


1. STATUTORY INFORMATION

Lamb & Leason Homes Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"
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 cost
convention.

Although reserves are overdrawn, the company has the continued support from its directors and future funding
is now in place, in the form of a development loan. As a result, the directors have assessed there are no
material uncertainties which may cast significant doubt about the company's ability to continue. The financial
statements have therefore been prepared using the going concern basis of accounting.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

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 period end and that are expected to apply to the
reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

Lamb & Leason Homes Ltd (Registered number: 10616849)

Notes to the financial statements - continued
for the Period 13 February 2017 to 28 February 2018


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 873 813 1,686
At 28 February 2018 873 813 1,686
DEPRECIATION
Charge for period 131 122 253
At 28 February 2018 131 122 253
NET BOOK VALUE
At 28 February 2018 742 691 1,433

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 4,156

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 257
Other creditors 107,499
107,756

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors falling due within one year is an amount owed to Ms P A Leason of £99,999. Interest is
payable on this balance at 7.5% per annum.