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REGISTERED NUMBER: 04535239 (England and Wales)














LOCKWOOD AND CO LETTINGS LTD

Unaudited Financial Statements

for the Year Ended 31 December 2023






LOCKWOOD AND CO LETTINGS LTD (REGISTERED NUMBER: 04535239)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOCKWOOD AND CO LETTINGS LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T Sleight
H Sleight





SECRETARY: T Sleight





REGISTERED OFFICE: 52 Water Meadows
Worksop
Nottinghamshire
S80 3DF





REGISTERED NUMBER: 04535239 (England and Wales)






LOCKWOOD AND CO LETTINGS LTD (REGISTERED NUMBER: 04535239)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,899 2,295
Investment property 5 316,000 316,000
317,899 318,295

CURRENT ASSETS
Debtors 6 - 3,256
Cash at bank and in hand 19,632 21,621
19,632 24,877
CREDITORS
Amounts falling due within one year 7 1,563 1,304
NET CURRENT ASSETS 18,069 23,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,968

341,868

PROVISIONS FOR LIABILITIES 60,154 49,315
NET ASSETS 275,814 292,553

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 20,720 20,720
Retained earnings 254,994 271,733
SHAREHOLDERS' FUNDS 275,814 292,553

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

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

LOCKWOOD AND CO LETTINGS LTD (REGISTERED NUMBER: 04535239)

Balance Sheet - continued
31 December 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 7 March 2024 and were signed on its behalf by:




T Sleight - Director



H Sleight - Director


LOCKWOOD AND CO LETTINGS LTD (REGISTERED NUMBER: 04535239)

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

1. STATUTORY INFORMATION

Lockwood and Co Lettings 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

LOCKWOOD AND CO LETTINGS LTD (REGISTERED NUMBER: 04535239)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 13,848
DEPRECIATION
At 1 January 2023 11,553
Charge for year 396
At 31 December 2023 11,949
NET BOOK VALUE
At 31 December 2023 1,899
At 31 December 2022 2,295

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 322,720
DEPRECIATION
At 1 January 2023
and 31 December 2023 6,720
NET BOOK VALUE
At 31 December 2023 316,000
At 31 December 2022 316,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2016 27,200
Cost 295,520
322,720

LOCKWOOD AND CO LETTINGS LTD (REGISTERED NUMBER: 04535239)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 3,256

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 651
Other creditors 1,563 653
1,563 1,304

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 20,720

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
T Sleight
Balance outstanding at start of year 2,606 6,111
Amounts advanced 56 -
Amounts repaid (3,536 ) (3,505 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (874 ) 2,606

10. RELATED PARTY DISCLOSURES

Consultancy was paid to a partnership controlled by the directors totalling £5,000 (2022 : £5,000).