2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-03-29 Sage Accounts Production Advanced 2023 - FRS102_2023 7,049 1,622 8,671 4,721 1,223 5,944 2,727 2,328 xbrli:pure xbrli:shares iso4217:GBP 09629400 2022-03-29 2023-03-28 09629400 2023-03-28 09629400 2022-03-28 09629400 2021-04-01 2022-03-28 09629400 2022-03-28 09629400 2021-03-31 09629400 bus:Director2 2022-03-29 2023-03-28 09629400 core:WithinOneYear 2023-03-28 09629400 core:WithinOneYear 2022-03-28 09629400 core:ShareCapital 2023-03-28 09629400 core:ShareCapital 2022-03-28 09629400 core:RetainedEarningsAccumulatedLosses 2023-03-28 09629400 core:RetainedEarningsAccumulatedLosses 2022-03-28 09629400 core:CostValuation core:Non-currentFinancialInstruments 2022-03-28 09629400 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-28 09629400 core:CostValuation core:Non-currentFinancialInstruments 2023-03-28 09629400 core:Non-currentFinancialInstruments 2023-03-28 09629400 core:Non-currentFinancialInstruments 2022-03-28 09629400 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-03-28 09629400 bus:SmallEntities 2022-03-29 2023-03-28 09629400 bus:AuditExemptWithAccountantsReport 2022-03-29 2023-03-28 09629400 bus:SmallCompaniesRegimeForAccounts 2022-03-29 2023-03-28 09629400 bus:PrivateLimitedCompanyLtd 2022-03-29 2023-03-28 09629400 bus:FullAccounts 2022-03-29 2023-03-28 09629400 core:OfficeEquipment 2022-03-29 2023-03-28 09629400 core:OfficeEquipment 2022-03-28 09629400 core:OfficeEquipment 2023-03-28 09629400 core:KeyManagementPersonnel 2022-03-29 2023-03-28 09629400 core:AllAssociates 2022-03-29 2023-03-28
COMPANY REGISTRATION NUMBER: 09629400
Luke Howard Ltd
Filleted Unaudited Financial Statements
28 March 2023
Luke Howard Ltd
Financial Statements
Year ended 28 March 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Luke Howard Ltd
Statement of Financial Position
28 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
2,727
2,328
Investments
6
59,675
37,399
--------
--------
62,402
39,727
Current assets
Debtors
7
23,681
22,099
Cash at bank and in hand
181,667
151,469
---------
---------
205,348
173,568
Creditors: amounts falling due within one year
8
76,272
89,409
---------
---------
Net current assets
129,076
84,159
---------
---------
Total assets less current liabilities
191,478
123,886
---------
---------
Net assets
191,478
123,886
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
191,378
123,786
---------
---------
Shareholders funds
191,478
123,886
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Luke Howard Ltd
Statement of Financial Position (continued)
28 March 2023
These financial statements were approved by the board of directors and authorised for issue on 2 March 2024 , and are signed on behalf of the board by:
Dr L S G E Howard
Director
Company registration number: 09629400
Luke Howard Ltd
Notes to the Financial Statements
Year ended 28 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 29 March 2022
7,049
7,049
Additions
1,622
1,622
-------
-------
At 28 March 2023
8,671
8,671
-------
-------
Depreciation
At 29 March 2022
4,721
4,721
Charge for the year
1,223
1,223
-------
-------
At 28 March 2023
5,944
5,944
-------
-------
Carrying amount
At 28 March 2023
2,727
2,727
-------
-------
At 28 March 2022
2,328
2,328
-------
-------
6. Investments
Other investments other than loans
Other loans
Total
£
£
£
Cost
At 29 March 2022
4,000
33,399
37,399
Additions
28,264
1,960
30,224
Repayments
( 7,948)
(7,948)
--------
--------
--------
At 28 March 2023
32,264
27,411
59,675
--------
--------
--------
Impairment
At 29 March 2022 and 28 March 2023
--------
--------
--------
Carrying amount
At 28 March 2023
32,264
27,411
59,675
--------
--------
--------
At 28 March 2022
4,000
33,399
37,399
--------
--------
--------
7. Debtors
2023
2022
£
£
Trade debtors
20,641
18,564
Other debtors
3,040
3,535
--------
--------
23,681
22,099
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
38,897
52,020
Other creditors
37,375
37,389
--------
--------
76,272
89,409
--------
--------
9. Related party transactions
At the year end the company owed £32,360 (2022: £35,377) to the directors. At the year end the company was owed £27,411 (2022: £33,399) by LLPs that it has an interest in.