Adam Lythgoe Estates Ltd - Period Ending 2016-09-30

Adam Lythgoe Estates Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

P A Hull & Co
Chartered Accountants
Beech House
23 Ladies Lane
Hindley
Wigan
WN2 2QA

Adam Lythgoe Estates Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Adam Lythgoe Estates Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Adam Lythgoe Estates Ltd for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Adam Lythgoe Estates Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Adam Lythgoe Estates Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adam Lythgoe Estates Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Adam Lythgoe Estates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Adam Lythgoe Estates Ltd. You consider that Adam Lythgoe Estates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Adam Lythgoe Estates 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 accounts.

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

P A Hull & Co
Chartered Accountants
Beech House
23 Ladies Lane
Hindley
Wigan
WN2 2QA

15 December 2016

Page 1

Adam Lythgoe Estates Ltd
(Registration number: 00887198)
Abbreviated Balance Sheet at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		1,529,890	1,532,788
Current assets
Debtors		67,448	69,431
Cash at bank and in hand		167,748	206,228
		235,196	275,659
Creditors: Amounts falling due within one year		(55,679)	(59,190)
Net current assets		179,517	216,469
Total assets less current liabilities		1,709,407	1,749,257
Creditors: Amounts falling due after more than one year		(79,625)	(93,275)
Provisions for liabilities		(14,873)	(15,499)
Net assets		1,614,909	1,640,483
Capital and reserves
Called up share capital	4	148,287	148,287
Revaluation reserve		704,793	704,793
Other reserves		6,244	6,244
Profit and loss account		755,585	781,159
Shareholders' funds		1,614,909	1,640,483

For the year ending 31 March 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 15 December 2016 and signed on its behalf by:

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

Adam Lythgoe Estates Ltd
(Registration number: 00887198)
Abbreviated Balance Sheet at 31 March 2016
......... continued

.........................................
Mr D Lythgoe
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

Adam Lythgoe Estates Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	10% reducing balance
Fixtures & Fittings	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Adam Lythgoe Estates Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	1,718,574	1,718,574
Additions	46,818	46,818
Disposals	(42,933)	(42,933)
At 31 March 2016	1,722,459	1,722,459
Depreciation
At 1 April 2015	185,786	185,786
Charge for the year	11,751	11,751
Eliminated on disposals	(4,968)	(4,968)
At 31 March 2016	192,569	192,569
Net book value
At 31 March 2016	1,529,890	1,529,890
At 31 March 2015	1,532,788	1,532,788

Creditors

Included in the creditors are the following amounts due after more than five years:

	2016 £	2015 £

After more than five years not by instalments	79,625	93,275

4	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £1 each		98,287	98,287		98,287	98,287
6% Redeemable Cumulative Preference of £1 each		13,000	13,000		13,000	13,000
5% A Cumulative Preference of £1 each		25,000	25,000		25,000	25,000

Page 5

Adam Lythgoe Estates Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

5% B Non Cumulative Preference of £1 each		12,000			12,000			12,000			12,000
		148,287			148,287			148,287			148,287

Control

The company is controlled by Adam Lythgoe Holdings Limited A company incorporated in England. Copies of the accounts of that Company are availiable from Companies House..

Page 6