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REGISTERED NUMBER: 14189539 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 22 JUNE 2022 TO 31 MARCH 2023

FOR

J V LAWRENCE LTD

J V LAWRENCE LTD (REGISTERED NUMBER: 14189539)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 JUNE 2022 TO 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J V LAWRENCE LTD

COMPANY INFORMATION
FOR THE PERIOD 22 JUNE 2022 TO 31 MARCH 2023







DIRECTORS: J J Lawrence
V E Lawrence





REGISTERED OFFICE: Suite J
The Business Development Centre
Stafford Park 4
Telford
Shropshire
TF3 3BA





REGISTERED NUMBER: 14189539 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

J V LAWRENCE LTD (REGISTERED NUMBER: 14189539)

BALANCE SHEET
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Investment property 4 2,785,000

CURRENT ASSETS
Cash at bank 14,507

CREDITORS
Amounts falling due within one year 5 378,453
NET CURRENT LIABILITIES (363,946 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,421,054

CREDITORS
Amounts falling due after more than one year 6 1,447,649
NET ASSETS 973,405

CAPITAL AND RESERVES
Called up share capital 976,168
Retained earnings (2,763 )
973,405

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 19 April 2024 and were signed on its behalf by:





J J Lawrence - Director


J V LAWRENCE LTD (REGISTERED NUMBER: 14189539)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 22 JUNE 2022 TO 31 MARCH 2023


1. STATUTORY INFORMATION

J V Lawrence Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover represents rents received or receivable, measured at fair value, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when it is probable that the economic benefits associated with the transaction will flow to the company.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the period 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.

3. EMPLOYEES

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 2,785,000
At 31 March 2023 2,785,000
NET BOOK VALUE
At 31 March 2023 2,785,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 378,453

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 1,447,649

J V LAWRENCE LTD (REGISTERED NUMBER: 14189539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22 JUNE 2022 TO 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
£   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,447,649

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 1,447,649

Bank loans are secured by a charged over the assets of the company.