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REGISTERED NUMBER: 06546896 (England and Wales)









Financial Statements

for the Year Ended 31 December 2022

for

Longs Holdings Limited

Longs Holdings Limited (Registered number: 06546896)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Longs Holdings Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: M G Green
C L Green





SECRETARY: M G Green





REGISTERED OFFICE: Hanworth Lane Business Park
Hanworth Lane
Chertsey
Surrey
KT16 9LZ





REGISTERED NUMBER: 06546896 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Longs Holdings Limited (Registered number: 06546896)

Statement of Financial Position
31 December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 487,165 490,800
Investments 5 3,000,000 3,000,000
3,487,165 3,490,800

CURRENT ASSETS
Debtors 6 858,579 913,799

CREDITORS
Amounts falling due within one year 7 (14,450 ) (78,720 )
NET CURRENT ASSETS 844,129 835,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,331,294

4,325,879

CAPITAL AND RESERVES
Called up share capital 138 138
Retained earnings 4,331,156 4,325,741
SHAREHOLDERS' FUNDS 4,331,294 4,325,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:





M G Green - Director


Longs Holdings Limited (Registered number: 06546896)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Longs Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Longs Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Freehold property
Freehold property is stated at cost less depreciation.

The land elements of the freehold properties are not depreciated. The building elements are depreciated to their estimated residual values over a period of 50 years.

Investments in subsidiaries
Investments in subsidiaries are stated at cost less accumulated impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Longs Holdings Limited (Registered number: 06546896)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. PROPERTY, PLANT AND EQUIPMENT
Freehold
property
£   
COST
At 1 January 2022
and 31 December 2022 545,332
DEPRECIATION
At 1 January 2022 54,532
Charge for year 3,635
At 31 December 2022 58,167
NET BOOK VALUE
At 31 December 2022 487,165
At 31 December 2021 490,800

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 3,000,000
NET BOOK VALUE
At 31 December 2022 3,000,000
At 31 December 2021 3,000,000

The original cost of the shares in subsidary undertakings was £8,300,138.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 858,579 913,799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Tax 4,750 76,220
Accruals & deferred income 9,700 2,500
14,450 78,720