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Registration number: 09427392

Liscombe West Properties Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 March 2022 to 30 June 2023

 

Liscombe West Properties Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Liscombe West Properties Limited

(Registration number: 09427392)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

42,441

25,864

Cash at bank and in hand

 

24,049

24,828

 

66,490

50,692

Creditors: Amounts falling due within one year

(27,764)

(11,186)

Net assets

 

38,726

39,506

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

38,626

39,406

Total equity

 

38,726

39,506

 

Liscombe West Properties Limited

(Registration number: 09427392)
Abridged Balance Sheet as at 30 June 2023

For the financial period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 5 February 2024 and signed on its behalf by:
 

Mr J Liscombe

Director

Mrs C Liscombe

Director

Mrs K West

Director

Mr P West

Director

 

Liscombe West Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 March 2022 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Haydon Farm
Haydon
Somerset
TA3 5AB

These financial statements were authorised for issue by the Board on 5 February 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2022 - 4).

 

Liscombe West Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 March 2022 to 30 June 2023

4

Related party transactions

2023

At 1 March 2022
£

At 30 June 2023
£

Mr J Liscombe

Advances and repayments

2,200

2,200

-

-

 

2,200

2,200

   

Mrs C Liscombe

Advances and repayments

2,025

2,025

-

-

 

2,025

2,025

   

Mr P West

Advances and repayments

12,565

12,565

-

-

 

12,565

12,565

   

Mrs K West

Advances and repayments

2,478

2,478

-

-

 

2,478

2,478