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REGISTERED NUMBER: 02649869 (England and Wales)










Laverton Securities Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2023






Laverton Securities Ltd (Registered number: 02649869)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Laverton Securities Ltd

Company Information
for the year ended 30 June 2023







DIRECTORS: R A Brassington
M R Sleath





SECRETARY: R A Brassington





REGISTERED OFFICE: Grange Cottage
Laverton
North Yorkshire
HG4 3SX





REGISTERED NUMBER: 02649869 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Laverton Securities Ltd (Registered number: 02649869)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,500 200,000

CURRENT ASSETS
Debtors 5 20,969 4,088
Cash at bank and in hand 3,823 4,326
24,792 8,414
CREDITORS
Amounts falling due within one year 6 81,776 77,652
NET CURRENT LIABILITIES (56,984 ) (69,238 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,516

130,762

CAPITAL AND RESERVES
Called up share capital 1,111 1,111
Share premium 60,389 60,389
Retained earnings 59,016 69,262
SHAREHOLDERS' FUNDS 120,516 130,762

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 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 30 January 2024 and were signed on its behalf by:





R A Brassington - Director


Laverton Securities Ltd (Registered number: 02649869)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Laverton Securities 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.

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 as modified by the revaluation of certain assets.

Revenue recognition
Turnover represents rent receivable on the rental of investment properties.

Tangible fixed assets
Depreciation is charged on plant and machinery etc. at the rate of 25%-33% on a reducing balance basis.

Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.

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).

Laverton Securities Ltd (Registered number: 02649869)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 July 2022 200,000
Revaluations (22,500 )
At 30 June 2023 177,500
NET BOOK VALUE
At 30 June 2023 177,500
At 30 June 2022 200,000

Cost or valuation at 30 June 2023 is represented by:

Freehold
property
£   
Valuation in 2009 (190,502 )
Valuation in 2012 (50,000 )
Valuation in 2017 20,000
Valuation in 2018 (150,000 )
Valuation in 2019 20,000
Valuation in 2023 (22,500 )
Cost 550,502
177,500

If investment property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 550,502 550,502
Aggregate depreciation 206,300 195,290

The investment properties were valued on an open market basis on 30th June 2023 by Mr R A Brassington (Director) who was a member of The Royal Institute of Chartered Surveyors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 20,569 4,088
Prepayments and accrued income 400 -
20,969 4,088

Laverton Securities Ltd (Registered number: 02649869)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
VAT 3,651 538
Deferred income - 2,766
Directors' loan accounts 71,865 72,511
Accrued expenses 6,260 1,837
81,776 77,652

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Laverton Securities Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Laverton Securities Ltd for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Laverton Securities Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Laverton Securities Ltd and state those matters that we have agreed to state to the Board of Directors of Laverton Securities Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Laverton Securities Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Laverton Securities Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Laverton Securities Ltd. You consider that Laverton Securities Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Laverton Securities Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ


1 February 2024