Registered number
09973614
Lawsbond Properties Limited
Filleted Accounts
31 January 2023
Lawsbond Properties Limited
Registered number: 09973614
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 184,523 184,523
Current assets
Debtors 4 715 1,047
Cash at bank and in hand 12,662 13,830
Prepayments and accured income - -
13,377 14,877
Creditors: amounts falling due within one year 5 (81,342) (89,362)
Net Current Assets (67,965) (74,485)
Total assets less current liabilities 116,558 110,038
Creditors: amounts falling due after more than one year 6 (106,610) (106,629)
Net Assets 9,948 3,409
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,947 3,408
Shareholders' funds 9,948 3,409
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Teresa Bondzie
Director
Approved by the board on 22 September 2023
Lawsbond Properties Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2022 184,523
At 31 January 2023 184,523
Depreciation
At 31 January 2023 -
Net book value
At 31 January 2023 184,523
At 31 January 2022 184,523
4 Debtors 2023 2022
£ £
Other debtors 715 1,047
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 76,394 85,146
Taxation and social security costs 1,535 1,211
Other creditors 3,413 3,005
81,342 89,362
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 106,610 106,629
7 Other information
Lawsbond Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:

41 Stock Street
41 Stock Street
London
United Kingdom
E13 0BX
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