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Company Registration No. NI694719 (Northern Ireland)
Lakeland Living Ltd Unaudited accounts for the period from 20 February 2023 to 29 February 2024
Lakeland Living Ltd Unaudited accounts Contents
Page
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Lakeland Living Ltd Company Information for the period from 20 February 2023 to 29 February 2024
Director
Mr Barry McKervey
Company Number
NI694719 (Northern Ireland)
Registered Office
51 Dunmurry Lane Dunmurry Belfast BT17 9JR
Accountants
SJK 8 Bridge Road Moira Co. Armagh BT67 0PF
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Lakeland Living Ltd Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
4,215 
Investment property
109,494 
113,709 
Current assets
Cash at bank and in hand
1,030 
Creditors: amounts falling due within one year
(43,877)
Net current liabilities
(42,847)
Total assets less current liabilities
70,862 
Creditors: amounts falling due after more than one year
(80,325)
Net liabilities
(9,463)
Capital and reserves
Called up share capital
1 
Profit and loss account
(9,464)
Shareholders' funds
(9,463)
For the period ending 29 February 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 April 2024 and were signed on its behalf by
Mr Barry McKervey Director Company Registration No. NI694719
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Lakeland Living Ltd Notes to the Accounts for the period from 20 February 2023 to 29 February 2024
1
Statutory information
Lakeland Living Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI694719. The registered office is 51 Dunmurry Lane, Dunmurry, Belfast, BT17 9JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 20 February 2023
- 
- 
- 
Additions
2,234 
2,214 
4,448 
At 29 February 2024
2,234 
2,214 
4,448 
Depreciation
Charge for the period
77 
156 
233 
At 29 February 2024
77 
156 
233 
Net book value
At 29 February 2024
2,157 
2,058 
4,215 
5
Investment property
2024 
£ 
Additions
109,494 
At 29 February 2024
109,494 
The directors consider that the above value of investment property represents the market value at 29 February 2024.
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Lakeland Living Ltd Notes to the Accounts for the period from 20 February 2023 to 29 February 2024
6
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
43,229 
Accruals
648 
43,877 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
80,325 
Securities for the bank facilities are as follows: - First legal mortgage over the property at 286 Woodstock Road, Belfast.
8
Average number of employees
During the period the average number of employees was 1.
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