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REGISTERED NUMBER: 12079226 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LADDERACK LIMITED

LADDERACK LIMITED (REGISTERED NUMBER: 12079226)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LADDERACK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs C Blacklock
S G Blacklock
B R Blacklock
Mrs J Blacklock





SECRETARY: Mrs C Blacklock





REGISTERED OFFICE: 10 Kingswell Avenue
Arnold
Nottingham
NG5 6SY





REGISTERED NUMBER: 12079226 (England and Wales)





ACCOUNTANTS: seven7seven
10 Kingswell Avenue
Arnold
Nottingham
NG5 6SY

LADDERACK LIMITED (REGISTERED NUMBER: 12079226)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 201 201
Investment property 5 495,000 479,000
495,201 479,201

CURRENT ASSETS
Debtors 6 216 614
Cash at bank 1,216 1,221
1,432 1,835
CREDITORS
Amounts falling due within one year 7 11,206 13,837
NET CURRENT LIABILITIES (9,774 ) (12,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,427

467,199

CREDITORS
Amounts falling due after more than one
year

8

80,646

105,825
NET ASSETS 404,781 361,374

CAPITAL AND RESERVES
Called up share capital 201 201
Retained earnings 404,580 361,173
SHAREHOLDERS' FUNDS 404,781 361,374

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

LADDERACK LIMITED (REGISTERED NUMBER: 12079226)

BALANCE SHEET - continued
31 DECEMBER 2023


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 12 April 2024 and were signed on its behalf by:





S G Blacklock - Director


LADDERACK LIMITED (REGISTERED NUMBER: 12079226)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ladderack 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.

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


2. ACCOUNTING POLICIES

Preparation of group accounts
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 as modified by the revaluation of certain assets.

The company as a parent of a small group is exempt under Section 398 of the Companies Act 2006 from the requirement to prepare group accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.


LADDERACK LIMITED (REGISTERED NUMBER: 12079226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 4 (2022 - 4 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 201
NET BOOK VALUE
At 31 December 2023 201
At 31 December 2022 201

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 479,000
Fair value adjustments 16,000
At 31 December 2023 495,000
NET BOOK VALUE
At 31 December 2023 495,000
At 31 December 2022 479,000

LADDERACK LIMITED (REGISTERED NUMBER: 12079226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 2,758
Valuation in 2022 (21,000 )
Valuation in 2023 16,000
Cost 497,242
495,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 421
Prepayments 216 193
216 614

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,551 7,705
Amounts owed to group undertakings 4,478 4,899
Accrued expenses 1,177 1,233
11,206 13,837

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,551 7,705
Bank loans - 2-5 years 16,654 23,114
Bank loans more 5 yrs 58,441 75,006
80,646 105,825

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yrs 58,441 75,006

LADDERACK LIMITED (REGISTERED NUMBER: 12079226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 86,197 113,530

There is a fixed charge on the property to which the loan relates.