Company registration number 11180919 (England and Wales)
LLANVIHANGEL COURT LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
LLANVIHANGEL COURT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LLANVIHANGEL COURT LTD
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,625
4,553
Current assets
Cash at bank and in hand
1,566
6,151
Creditors: amounts falling due within one year
4
(43,043)
(44,902)
Net current liabilities
(41,477)
(38,751)
Net liabilities
(38,852)
(34,198)
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
(38,854)
(34,200)
Total equity
(38,852)
(34,198)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 October 2023 and are signed on its behalf by:
Mr T Johnson
Director
Company registration number 11180919 (England and Wales)
LLANVIHANGEL COURT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information
Llanvihangel Court Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Barn Cottage, Llanvihangel Court, Llanvihangel Crucorney, Abergavenny, Monmouthshire, NP7 8DH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for goods and services provided in the normal cause of business, net of trade discounts, VAT and other sales-related taxes.
Turnover is recognised in respect as earned when, and to the extent that, the company obtains the right to consideration in exchange for services provided.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
5 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.5
Foreign exchange
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
1.6
These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operation existence for the foreseeable future.
LLANVIHANGEL COURT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 February 2022 and 31 January 2023
9,640
Depreciation and impairment
At 1 February 2022
5,087
Depreciation charged in the year
1,928
At 31 January 2023
7,015
Carrying amount
At 31 January 2023
2,625
At 31 January 2022
4,553
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
43,043
44,902
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
6
Directors' transactions
The Directors operate a current account with the company which is debited with payments made on their behalf and credited with funds introduced and undrawn directors' fees. The amount owing by the company as at the year end was £41,483 (2022 £42,802) and is included in Creditors: amounts falling due within one year.