PTP Accounts Production v23.3.1.45 04680983 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046809832022-05-31046809832023-05-31046809832022-06-012023-05-31046809832021-05-31046809832021-06-012022-05-31046809832022-05-3104680983ns10:Originalns15:EnglandWales2022-06-012023-05-3104680983ns14:PoundSterlingns10:Original2022-06-012023-05-3104680983ns10:Originalns10:Director12022-06-012023-05-3104680983ns10:Original2022-06-012023-05-3104680983ns10:Original2023-05-3104680983ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3104680983ns10:Originalns10:SmallEntities2022-06-012023-05-3104680983ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3104680983ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3104680983ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3104680983ns10:Originalns10:FullAccounts2022-06-012023-05-3104680983ns10:Originalns10:Director22022-06-012023-05-3104680983ns10:CompanySecretary1ns10:Original2022-06-012023-05-3104680983ns10:Originalns10:RegisteredOffice2022-06-012023-05-3104680983ns10:Original2022-05-3104680983ns10:Originalns5:CurrentFinancialInstruments2023-05-3104680983ns10:Originalns5:CurrentFinancialInstruments2022-05-3104680983ns5:ShareCapitalns10:Original2023-05-3104680983ns5:ShareCapitalns10:Original2022-05-3104680983ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3104680983ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3104680983ns10:Original2021-06-012022-05-3104680983ns10:Originalns5:PlantMachinery2022-05-3104680983ns10:Originalns5:PlantMachinery2022-06-012023-05-3104680983ns10:Originalns5:PlantMachinery2023-05-3104680983ns10:Originalns5:PlantMachinery2022-05-3104680983ns10:Original2022-05-3104680983ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3104680983ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 04680983 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Louw Services Ltd

Louw Services Ltd (Registered number: 04680983)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Louw Services Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs E Louw
Miss J Louw





SECRETARY:





REGISTERED OFFICE: Flat 4, Ellesmere House
1 Sandwich Road
Eccles
Manchester





REGISTERED NUMBER: 04680983 (England and Wales)





ACCOUNTANTS: Robbins
176 Monton Road
Monton
Greater Manchester
M30 9GA

Louw Services Ltd (Registered number: 04680983)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,647 2,715
Investment property 5 920,000 660,309
923,647 663,024

CURRENT ASSETS
Debtors 6 384 -
Cash at bank 68,810 68,040
69,194 68,040
CREDITORS
Amounts falling due within one year 7 5,901 5,409
NET CURRENT ASSETS 63,293 62,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,940

725,655

PROVISIONS FOR LIABILITIES 47,600 -
NET ASSETS 939,340 725,655

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 939,240 725,654
939,340 725,655

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

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

Louw Services Ltd (Registered number: 04680983)

Balance Sheet - continued
31 May 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 29 January 2024 and were signed on its behalf by:





Mrs E Louw - Director


Louw Services Ltd (Registered number: 04680983)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Louw Services 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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 1 (2022 - 1 ) .

Louw Services Ltd (Registered number: 04680983)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 13,200
Additions 1,508
At 31 May 2023 14,708
DEPRECIATION
At 1 June 2022 10,485
Charge for year 576
At 31 May 2023 11,061
NET BOOK VALUE
At 31 May 2023 3,647
At 31 May 2022 2,715

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 660,309
Revaluations 259,691
At 31 May 2023 920,000
NET BOOK VALUE
At 31 May 2023 920,000
At 31 May 2022 660,309

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2023 920,000

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

31.5.23 31.5.22
£    £   
Cost 673,123 -

Investment property was valued on an open market basis on 10 August 2023 by Kinleigh Folkard and Hayward and Home .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 384 -

Louw Services Ltd (Registered number: 04680983)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 3,328 3,774
Other creditors 2,573 1,635
5,901 5,409