2 01/05/2022 30/04/2023 2023-04-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-05-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 01938884 2022-05-01 2023-04-30 01938884 2023-04-30 01938884 2022-04-30 01938884 2021-05-01 2022-04-30 01938884 2022-04-30 01938884 2021-04-30 01938884 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 01938884 core:MotorVehicles 2022-05-01 2023-04-30 01938884 bus:RegisteredOffice 2022-05-01 2023-04-30 01938884 bus:LeadAgentIfApplicable 2022-05-01 2023-04-30 01938884 bus:Director1 2022-05-01 2023-04-30 01938884 bus:Director2 2022-05-01 2023-04-30 01938884 bus:CompanySecretary1 2022-05-01 2023-04-30 01938884 core:RetainedEarningsAccumulatedLosses 2021-05-01 2022-04-30 01938884 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 01938884 core:WithinOneYear 2023-04-30 01938884 core:WithinOneYear 2022-04-30 01938884 core:ShareCapital 2023-04-30 01938884 core:ShareCapital 2022-04-30 01938884 core:RetainedEarningsAccumulatedLosses 2023-04-30 01938884 core:RetainedEarningsAccumulatedLosses 2022-04-30 01938884 core:ShareCapital 2021-04-30 01938884 core:RetainedEarningsAccumulatedLosses 2021-04-30 01938884 core:PreviouslyStatedAmount core:ShareCapital 2023-04-30 01938884 bus:SmallEntities 2022-05-01 2023-04-30 01938884 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 01938884 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 01938884 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 01938884 bus:AbridgedAccounts 2022-05-01 2023-04-30
Company registration number: 01938884
Lanigan (London) Limited
Unaudited filleted abridged financial statements
30 April 2023
Lanigan (London) Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Lanigan (London) Limited
Directors and other information
Directors G Lanigan
S Lanigan
Secretary G Lanigan
Company number 01938884
Registered office CP House
Otterspool Way
Watford
Herts
WD25 8HP
Accountants Feldman & Feldman (RF) Ltd
Chartered Certified Accountants
CP House
Otterspool Way
Watford
Herts, WD25 8HP
Lanigan (London) Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Lanigan (London) Limited
Year ended 30 April 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 April 2023 which comprise the abridged statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Feldman & Feldman (RF) Ltd
Chartered Certified Accountants
CP House
Otterspool Way
Watford
Herts, WD25 8HP
9 April 2024
Lanigan (London) Limited
Abridged statement of financial position
30 April 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 1,519 2,025
_______ _______
1,519 2,025
Current assets
Stocks 2,667,470 2,667,470
Debtors 769,849 611,350
Cash at bank and in hand 23,855 160,477
_______ _______
3,461,174 3,439,297
Creditors: amounts falling due
within one year 6 ( 2,685,037) ( 2,688,889)
_______ _______
Net current assets 776,137 750,408
_______ _______
Total assets less current liabilities 777,656 752,433
_______ _______
Net assets 777,656 752,433
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 777,556 752,333
_______ _______
Shareholders funds 777,656 752,433
_______ _______
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 09 April 2024 , and are signed on behalf of the board by:
G Lanigan
Director
Company registration number: 01938884
Lanigan (London) Limited
Statement of changes in equity
Year ended 30 April 2023
Share capital Profit and loss account Total
£ £ £
At 1 May 2021 100 690,426 690,526
Profit for the year 61,907 61,907
_______ _______ _______
Total comprehensive income for the year - 61,907 61,907
_______ _______ _______
At 30 April 2022 and 1 May 2022 100 752,333 752,433
Profit for the year 25,223 25,223
_______ _______ _______
Total comprehensive income for the year - 25,223 25,223
_______ _______ _______
At 30 April 2023 100 777,556 777,656
_______ _______ _______
Lanigan (London) Limited
Notes to the financial statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is CP House, Otterspool Way, Watford, Herts, WD25 8HP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the sale of land and property, excluding VAT.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
£
Cost
At 1 May 2022 and 30 April 2023 19,677
_______
Depreciation
At 1 May 2022 17,652
Charge for the year 506
_______
At 30 April 2023 18,158
_______
Carrying amount
At 30 April 2023 1,519
_______
At 30 April 2022 2,025
_______
6. Creditors: amounts falling due within one year
Creditors include a balance of £150,312 (2022 - £150,312) with Lanigan Homes Ltd, a company in which the family of Mr. G Lanigan is materially interested. There is no interest payable on this loan.
7. Employee benefits
Short-term employee benefits are recognised as an expenses in the Profit and Loss Account in the period in which they are incurred.