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REGISTERED NUMBER: 01237462 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

LEFLYNN PROPERTIES LIMITED

LEFLYNN PROPERTIES LIMITED (REGISTERED NUMBER: 01237462)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEFLYNN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: E Held





SECRETARY: S Hammond





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 01237462 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

LEFLYNN PROPERTIES LIMITED (REGISTERED NUMBER: 01237462)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - 208
Investment property 4 375,000 260,000
375,000 260,208

CURRENT ASSETS
Cash at bank 21,076 2,061

CREDITORS
Amounts falling due within one year 5 24,937 4,646
NET CURRENT LIABILITIES (3,861 ) (2,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,139

257,623

PROVISIONS FOR LIABILITIES 62,767 40,134
NET ASSETS 308,372 217,489

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 254,853 162,486
Profit and loss account 53,419 54,903
SHAREHOLDERS' FUNDS 308,372 217,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 and Loss Account has not been delivered.

The financial statements were approved by the director on 29 December 2017 and were signed by:





E Held - Director


LEFLYNN PROPERTIES LIMITED (REGISTERED NUMBER: 01237462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017


1. STATUTORY INFORMATION

Leflynn Properties Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Turnover represents amounts receivable for rental income net of VAT and trade discounts.

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 etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss and subsequently transferred to a fair value reserve account.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or
loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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.

LEFLYNN PROPERTIES LIMITED (REGISTERED NUMBER: 01237462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016
and 31 March 2017 4,103
DEPRECIATION
At 1 April 2016 3,895
Charge for year 208
At 31 March 2017 4,103
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 208

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 260,000
Revaluations 115,000
At 31 March 2017 375,000
NET BOOK VALUE
At 31 March 2017 375,000
At 31 March 2016 260,000

Fair value at 31 March 2017 is represented by:

£   
Valuation in 2015 202,620
Valuation in 2017 115,000
Cost 57,380
375,000

If investment property had not been revalued it would have been included at the following historical cost:

2017 2016
£    £   
Cost 57,380 57,380

Investment property was valued on an open market basis on 31 March 2017 by the director .

LEFLYNN PROPERTIES LIMITED (REGISTERED NUMBER: 01237462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 20,650 -
Taxation and social security - 273
Other creditors 4,287 4,373
24,937 4,646

6. FIRST YEAR ADOPTION

There were no significant changes for the company as a result of the transition to FRS 102 Section 1A.