2022-04-01 2023-03-31 false Capium Accounts Production 1.1 03927861 bus:FullAccounts 2022-04-01 2023-03-31 03927861 bus:FRS102 2022-04-01 2023-03-31 03927861 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03927861 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03927861 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03927861 2022-04-01 2023-03-31 03927861 2023-03-31 03927861 bus:RegisteredOffice 2022-04-01 2023-03-31 03927861 core:WithinOneYear 2023-03-31 03927861 core:AfterOneYear 2023-03-31 03927861 bus:Director1 2022-04-01 2023-03-31 03927861 bus:Director1 2023-03-31 03927861 bus:Director1 2021-04-01 2022-03-31 03927861 bus:Director2 2022-04-01 2023-03-31 03927861 bus:Director2 2023-03-31 03927861 bus:Director2 2021-04-01 2022-03-31 03927861 2021-04-01 03927861 bus:CompanySecretary1 2022-04-01 2023-03-31 03927861 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 03927861 2021-04-01 2022-03-31 03927861 2022-03-31 03927861 core:WithinOneYear 2022-03-31 03927861 core:AfterOneYear 2022-03-31 03927861 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 03927861 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 03927861 bus:OrdinaryShareClass1 2023-03-31 03927861 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 03927861 bus:OrdinaryShareClass1 2022-03-31 03927861 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 03927861 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 03927861 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 03927861 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 03927861 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 03927861 core:Non-currentFinancialInstruments 2023-03-31 03927861 core:Non-currentFinancialInstruments 2022-03-31 03927861 core:ShareCapital 2023-03-31 03927861 core:ShareCapital 2022-03-31 03927861 core:RetainedEarningsAccumulatedLosses 2023-03-31 03927861 core:RetainedEarningsAccumulatedLosses 2022-03-31 03927861 core:ShareCapitalOrdinaryShares 2022-04-01 03927861 core:ShareCapitalOrdinaryShares 2021-04-01 03927861 core:ShareCapitalOrdinaryShares 2022-04-01 2023-03-31 03927861 core:ShareCapitalOrdinaryShares 2021-04-01 2022-03-31 03927861 core:ShareCapitalOrdinaryShares 2023-03-31 03927861 core:ShareCapitalOrdinaryShares 2022-03-31 03927861 core:RetainedEarningsAccumulatedLosses 2022-04-01 03927861 core:RetainedEarningsAccumulatedLosses 2021-04-01 03927861 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 03927861 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 03927861 core:RetainedEarningsAccumulatedLosses 2023-03-31 03927861 core:RetainedEarningsAccumulatedLosses 2022-03-31 03927861 dpl:Item1 2022-04-01 03927861 dpl:Item1 2023-03-31 03927861 dpl:Item1 2021-04-01 03927861 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 03927861
England and Wales

 

 

 

MICHAEL LUDLOW LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Directors Michael James Ludlow
Margaret Ann Ludlow
Registered Number 03927861
Registered Office Redwood Lodge
Station Road
Woldingham
Surrey
CR3 7DA
Accountants Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
Secretary Michael James Ludlow
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 March 2023.
Principal activities
The principal activity of the company during the financial year was of the provision of administration services.
Directors
The directors who served the company throughout the year were as follows:
Michael James Ludlow
Margaret Ann Ludlow
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Michael James Ludlow
Director

Date approved: 16 October 2023
2
Report to the directors on the preparation of the unaudited statutory accounts of Michael Ludlow Limited for the year ended 31 March 2023.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Michael Ludlow Limited for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Michael Ludlow Limited, 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 Michael Ludlow Limited and state those matters that we have agreed to state to the Board of Directors of Michael Ludlow Limited, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Michael Ludlow Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Michael Ludlow Limited 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 or loss of Michael Ludlow Limited.You consider that Michael Ludlow Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Michael Ludlow Limited. 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 financial statements 31 March 2023.



....................................................
Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
16 October 2023
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Investments 3   160,000 
  160,000 
Current assets      
Debtors 4   56 
Cash at bank and in hand 180,187    22,445 
180,187    22,501 
Creditors: amount falling due within one year 5 (5,825)   (5,119)
Net current assets 174,362    17,382 
 
Total assets less current liabilities 174,362    177,382 
Net assets 174,362    177,382 
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account 174,262    177,282 
Shareholder's funds 174,362    177,382 
 


For the year ended 31 March 2023 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 year 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 October 2023 and were signed on its behalf by:


-------------------------------
Michael James Ludlow
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2021 100  181,751  181,851 
Profit for the year 1,531  1,531 
Total comprehensive income for the year 1,531  1,531 
Dividends (6,000) (6,000)
Total investments by and distributions to owners (6,000) (6,000)
At 31 March 2022 100  177,282  177,382 
At 01 April 2022 100  177,282  177,382 
Profit for the year (1,020) (1,020)
Total comprehensive income for the year (1,020) (1,020)
Dividends (2,000) (2,000)
Total investments by and distributions to owners (2,000) (2,000)
At 31 March 2023 100  174,262  174,362 
5
General Information
Michael Ludlow Limited is a private company, limited by shares, registered in England and Wales, registration number 03927861, registration address Redwood Lodge, Station Road, Woldingham, Surrey, CR3 7DA.

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 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.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2022 160,000    160,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals (160,000)   (160,000)
At 31 March 2023  

4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors   56 
  56 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax   346 
Other Creditors 2,251    1,509 
Directors Current Account 3,574    3,264 
5,825    5,119 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

6