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Logo On Report
Registered Number: 12922117
England and Wales

 

 

 

THE LOWER LEVEL LTD


Abridged Accounts
 


Period of accounts

Start date: 02 October 2020

End date: 31 October 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of The Lower Level Ltd for the year ended 31 October 2021 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the directors of The Lower Level Ltd in accordance with our terms of engagement. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its directors for our work or for this report.

It is your duty to ensure that The Lower Level Ltd has kept adequate accounting records
and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Lower Level Ltd.
You consider that The Lower Level Ltd is exempt from the statutory audit requirement for the period and we have not been instructed to carry out an audit or a review of the financial statements of The Lower Level Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
Burton Varley Ltd
Bank Chambers
93 Lapwing Lane
Manchester
M20 6UR
18 July 2022
1
 
 
Notes
 
2021
£
Current assets    
Cash at bank and in hand 1,497 
Creditors: amount falling due within one year (1,906)
Net current liabilities (409)
 
Total assets less current liabilities (409)
Net liabilities (409)
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account (509)
Shareholder's funds (409)
 


For the period ended 31 October 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 18 July 2022 and were signed on its behalf by:


--------------------------------
Derek Stewart
Director
2
General Information
The Lower Level Ltd is a private company, limited by shares, registered in England and Wales, registration number 12922117, registration address Bank Chambers, 93 Lapwing Lane, Manchester, M20 6UR

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the period was 2.
3.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2021
£
100 Class A shares of £1.00 each 100 
100 

3