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REGISTERED NUMBER: 06952290 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Ludlow Real Property Limited

Ludlow Real Property Limited (Registered number: 06952290)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ludlow Real Property Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: J R Hepworth



REGISTERED OFFICE: Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



REGISTERED NUMBER: 06952290 (England and Wales)



ACCOUNTANTS: Caerwyn Jones
Chartered Accountants
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: Handelsbanken
Willow House West
The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Ludlow Real Property Limited (Registered number: 06952290)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 232,070 232,070

CURRENT ASSETS
Cash at bank 111 5,635

CREDITORS
Amounts falling due within one year 5 135,609 151,480
NET CURRENT LIABILITIES (135,498 ) (145,845 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,572

86,225

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 96,570 86,223
SHAREHOLDERS' FUNDS 96,572 86,225

Ludlow Real Property Limited (Registered number: 06952290)

Balance Sheet - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 April 2024 and were signed by:





J R Hepworth - Director


Ludlow Real Property Limited (Registered number: 06952290)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Ludlow Real Property 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.

Turnover
Revenue 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 property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are stated at open market value on an existing use basis. The valuation has been undertaken by the director of the company.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

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.


Ludlow Real Property Limited (Registered number: 06952290)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 August 2022
and 31 July 2023 232,070
NET BOOK VALUE
At 31 July 2023 232,070
At 31 July 2022 232,070

Investment properties are stated at open market value on an existing use basis. The valuation has been undertaken by the director of the company.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,280 2,884
Other creditors 132,329 148,596
135,609 151,480

6. RELATED PARTY DISCLOSURES

Included in creditors due within one year are amounts totalling £129,358 (2022 - £145,420) due to Miss A P Hepworth and Miss E R Hepworth, shareholders of the company. These balances are repayable on demand. No interest was charged on the loans during the year.