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REGISTERED NUMBER: 10831172 (England and Wales)











Financial Statements

for the Year Ended 30 June 2023

for

LANRC LIMITED

LANRC LIMITED (REGISTERED NUMBER: 10831172)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANRC LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr N Dodson





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10831172 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

LANRC LIMITED (REGISTERED NUMBER: 10831172)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 330,000 230,000

CURRENT ASSETS
Debtors 5 1,619 -
Cash at bank 8,282 485,237
9,901 485,237
CREDITORS
Amounts falling due within one year 6 189,590 265,630
NET CURRENT (LIABILITIES)/ASSETS (179,689 ) 219,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,311

449,607

CREDITORS
Amounts falling due after more than one year 7 150,000 150,000
NET ASSETS 311 299,607

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 309 299,605
SHAREHOLDERS' FUNDS 311 299,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LANRC LIMITED (REGISTERED NUMBER: 10831172)

Balance Sheet - continued
30 June 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 director and authorised for issue on 1 February 2024 and were signed by:





Mr N Dodson - Director


LANRC LIMITED (REGISTERED NUMBER: 10831172)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Lanrc 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2022 - NIL).

LANRC LIMITED (REGISTERED NUMBER: 10831172)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 July 2022 230,000
Additions 100,000
At 30 June 2023 330,000
NET BOOK VALUE
At 30 June 2023 330,000
At 30 June 2022 230,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 1,619 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security - 71,840
Other creditors 189,590 193,790
189,590 265,630

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 150,000 150,000

8. RELATED PARTY DISCLOSURES

Joint venture investments have been made to Groveland Estates Limited, a company in which the directors family members are directors and shareholders. Investment is secured against investment properties held by Groveland Estates Limited.

As at the balance sheet, included in creditors due within one year is £185,790 (2022: £191,990) due to the director. The amount is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Dodson.