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REGISTERED NUMBER: 04545311 (England and Wales)










LETTERSTON FILLING STATION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LETTERSTON FILLING STATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R D Shackleton
Mrs M A Shackleton





SECRETARY: R D Shackleton





REGISTERED OFFICE: 45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP





REGISTERED NUMBER: 04545311 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 997,891 1,065,346
Investment property 6 325,607 325,607
1,323,498 1,390,953

CURRENT ASSETS
Cash at bank 6,212 2,272

CREDITORS
Amounts falling due within one year 7 132,159 58,744
NET CURRENT LIABILITIES (125,947 ) (56,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,197,551

1,334,481

CAPITAL AND RESERVES
Called up share capital 110 110
Fair value reserve 8 (19,014 ) -
Retained earnings 1,216,455 1,334,371
SHAREHOLDERS' FUNDS 1,197,551 1,334,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 31 October 2023 and were signed on its behalf by:




R D Shackleton - Director



Mrs M A Shackleton - Director


LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Letterston Filling Station Ltd 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 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation

Fixed asset investment
Fixed asset investments are included at market value at balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2022
and 31 March 2023 182,992
DEPRECIATION
At 1 April 2022
and 31 March 2023 182,992
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2022 1,065,346
Additions 13,559
Revaluations (81,014 )
At 31 March 2023 997,891
NET BOOK VALUE
At 31 March 2023 997,891
At 31 March 2022 1,065,346

Cost or valuation at 31 March 2023 is represented by:

Listed
investments
£   
Valuation in 2020 862,389
Valuation in 2021 152,595
Valuation in 2022 50,362
Valuation in 2023 (67,455 )
997,891

LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 325,607
NET BOOK VALUE
At 31 March 2023 325,607
At 31 March 2022 325,607

The property has been valued at open market value by the directors, reflecting comparable valuations in the local area. The valuations were carried out in 2022 and are equal to historic cost. Investment properties are not depreciated as they are held for their investment potential.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,491 501
Other creditors 130,668 58,243
132,159 58,744

8. RESERVES
Fair
value
reserve
£   
Transfer (19,014 )

At 31 March 2023 (19,014 )

9. RELATED PARTY DISCLOSURES

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £51,648 (2022 £51,544).