Long Road Properties Ltd |
Registered number: |
12738286 |
Balance Sheet |
as at 31 July 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
160,107 |
|
|
160,107 |
|
Current assets |
Debtors |
4 |
|
80 |
|
|
61 |
Cash at bank and in hand |
|
|
14,257 |
|
|
12,431 |
|
|
|
14,337 |
|
|
12,492 |
|
Creditors: amounts falling due within one year |
5 |
|
(55,138) |
|
|
(56,444) |
|
Net current liabilities |
|
|
|
(40,801) |
|
|
(43,952) |
|
Total assets less current liabilities |
|
|
|
119,306 |
|
|
116,155 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(114,983) |
|
|
(114,079) |
|
|
|
Net assets |
|
|
|
4,323 |
|
|
2,076 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
50 |
|
|
50 |
Profit and loss account |
|
|
|
4,273 |
|
|
2,026 |
|
Shareholders' funds |
|
|
|
4,323 |
|
|
2,076 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
R L Bold |
Director |
Approved by the board on 2 April 2024 |
|
Long Road Properties Ltd |
Notes to the Accounts |
for the year ended 31 July 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover consists of rent receivable. |
|
|
Investments |
|
Investments consists of investment property, which is property held to earn rentals and/or for capital appreciation, initially recognised at cost which includes the purchase cost and any directly attributable expenditure. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
The tax expense represents the sum of the tax currently payable. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
|
Other |
investments |
£ |
|
Cost |
|
At 1 August 2022 |
160,107 |
|
|
At 31 July 2023 |
160,107 |
|
|
The value of the investment property has been determined by the cost of the property paid at |
|
purchase, and any such associated fees incurred in the purchase of the property. The directors |
|
believe the historic cost is still an appropriate measurement of its value. |
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
80 |
|
61 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Taxation and social security costs |
527 |
|
257 |
|
Other creditors |
54,611 |
|
56,187 |
|
|
|
|
|
|
55,138 |
|
56,444 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
114,983 |
|
114,079 |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
Long Road Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
29 Snitterton Road |
|
Matlock |
|
Derbyshire |
|
DE4 3LZ |