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REGISTERED NUMBER: 01597259 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Larchwell Limited

Larchwell Limited (Registered number: 01597259)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Larchwell Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr D G Christian
Mrs J A Christian
Mr R Pipe
Miss G West



SECRETARY: Mrs J A Christian



REGISTERED OFFICE: 43 Cromwell Road
Cleethorpes
N E Lincolnshire
DN35 0AL



REGISTERED NUMBER: 01597259 (England and Wales)



SOLICITORS: Bridge McFarland
19 South St Mary's Gate
Grimsby
North East Lincolnshire
DN31 1JE

Larchwell Limited (Registered number: 01597259)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,060,000 3,245,000

CURRENT ASSETS
Debtors 5 1,168 680,125
Cash at bank 6,511 5,561
7,679 685,686
CREDITORS
Amounts falling due within one year 6 235,172 78,882
NET CURRENT (LIABILITIES)/ASSETS (227,493 ) 606,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,832,507

3,851,804

PROVISIONS FOR LIABILITIES 7 49,272 67,959
NET ASSETS 3,783,235 3,783,845

CAPITAL AND RESERVES
Called up share capital 30,004 30,004
Share premium 8 97,000 97,000
Retained earnings 8 3,656,231 3,656,841
SHAREHOLDERS' FUNDS 3,783,235 3,783,845

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.

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 12 March 2024 and were signed on its behalf by:





Mr D G Christian - Director


Larchwell Limited (Registered number: 01597259)

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

1. STATUTORY INFORMATION

Larchwell Limited 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.

Investment property
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
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 3,245,000
Additions 2,028,279
Disposals (1,023,611 )
Revaluations (189,668 )
At 31 December 2023 4,060,000
NET BOOK VALUE
At 31 December 2023 4,060,000
At 31 December 2022 3,245,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2015 1,302,315
Valuation in 2016 (1,178,612 )
Valuation in 2017 276,738
Valuation in 2021 350,000
Valuation in 2022 40,000
Valuation in 2023 (236,552 )
Cost 3,506,111
4,060,000

Larchwell Limited (Registered number: 01597259)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,043 -
Other debtors 125 680,125
1,168 680,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,859 13,440
Taxation and social security 41,398 33,789
Other creditors 191,915 31,653
235,172 78,882

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 49,272 67,959

Deferred
tax
£   
Balance at 1 January 2023 67,959
Provided during year (18,687 )
Balance at 31 December 2023 49,272

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 3,656,841 97,000 3,753,841
Profit for the year 38,390 38,390
Dividends (39,000 ) (39,000 )
At 31 December 2023 3,656,231 97,000 3,753,231

Retained earnings:

31.12.202331.12.2022
££
Distributable reserves3,247,7273,079,977
Non distributable reserves505,504676,484
3,753,2313,756,461

9. RELATED PARTY DISCLOSURES

D G & J A Christian
Directors and shareholders

At the balance sheet date, there is an interest free loan, repayable on demand, outstanding to Mr & Mrs Christian of £175,000 (2022: £15,733).

10. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.