2022-04-012023-03-312023-03-31false02865224LONGMAYNE 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LONGMAYNE LIMITED

Registered Number
02865224
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

LONGMAYNE LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

DURU, Spencer Tayyar
SMITH, Suzanne Nefika

Company Secretary

SMITH, Suzanne Nefika

Registered Address

Office 126, Wework 50 60 Station Road
Cambridge
CB1 2JH

Registered Number

02865224 (England and Wales)
LONGMAYNE LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets56,617,1676,498,311
6,617,1676,498,311
Current assets
Debtors6138,93815,455
Cash at bank and on hand608,038970,124
746,976985,579
Creditors amounts falling due within one year7(1,244,982)(1,237,977)
Net current assets (liabilities)(498,006)(252,398)
Total assets less current liabilities6,119,1616,245,913
Net assets6,119,1616,245,913
Capital and reserves
Called up share capital1,0001,000
Profit and loss account6,118,1616,244,913
Shareholders' funds6,119,1616,245,913
The financial statements were approved and authorised for issue by the Board of Directors on 24 November 2023, and are signed on its behalf by:
DURU, Spencer Tayyar
Director
SMITH, Suzanne Nefika
Director

Registered Company No. 02865224
LONGMAYNE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year66
5.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 226,490,00028,1456,518,145
Additions120,540525121,065
At 31 March 236,610,54028,6706,639,210
Depreciation and impairment
At 01 April 22-19,83419,834
Charge for year-2,2092,209
At 31 March 23-22,04322,043
Net book value
At 31 March 236,610,5406,6276,617,167
At 31 March 226,490,0008,3116,498,311
6.Debtors

2023

2022

££
Trade debtors / trade receivables138,93815,455
Total138,93815,455
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.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,244,5901,237,585
Taxation and social security392392
Total1,244,9821,237,977
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.