Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13179184 Mr Rowan Stewart Mr Andrew Major Mr Grahame Seaman Mr Alan Waters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13179184 2023-02-28 13179184 2024-02-29 13179184 2023-03-01 2024-02-29 13179184 frs-core:CurrentFinancialInstruments 2024-02-29 13179184 frs-core:ShareCapital 2024-02-29 13179184 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13179184 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13179184 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13179184 frs-bus:SmallEntities 2023-03-01 2024-02-29 13179184 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13179184 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13179184 frs-bus:Director1 2023-03-01 2024-02-29 13179184 frs-bus:Director2 2023-03-01 2024-02-29 13179184 frs-bus:Director3 2023-03-01 2024-02-29 13179184 frs-bus:Director4 2023-03-01 2024-02-29 13179184 frs-core:CurrentFinancialInstruments 1 2024-02-29 13179184 frs-countries:EnglandWales 2023-03-01 2024-02-29 13179184 2022-02-28 13179184 2023-02-28 13179184 2022-03-01 2023-02-28 13179184 frs-core:CurrentFinancialInstruments 2023-02-28 13179184 frs-core:ShareCapital 2023-02-28 13179184 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 13179184 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 13179184
Lynton Road SE1 Developments Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13179184
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 2,940,665
Debtors 5 1,039,519 366,576
Cash at bank and in hand 912 345
1,040,431 3,307,586
Creditors: Amounts Falling Due Within One Year 6 (894,452 ) (3,373,284 )
NET CURRENT ASSETS (LIABILITIES) 145,979 (65,698 )
TOTAL ASSETS LESS CURRENT LIABILITIES 145,979 (65,698 )
NET ASSETS/(LIABILITIES) 145,979 (65,698 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 145,978 (65,699 )
SHAREHOLDERS' FUNDS 145,979 (65,698)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rowan Stewart
Director
24/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lynton Road SE1 Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13179184 . The registered office is Angels House, 5 Albemarle Road, Beckenham, Kent, BR3 5HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Stock - 2,940,665
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 234,000
Intercompany 1,039,513 121,158
VAT 6 11,418
1,039,519 366,576
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 579,766 580,066
Bank loans and overdrafts - 2,021,116
Other creditors 3,656 -
Inter-company 304,530 302,530
Directors' loan accounts 6,500 469,572
894,452 3,373,284
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
Included in the Other Debtors are the following amounts owed by the following companies, all of which are under the control of the directors Mr A Major, G Seaman, Rowan Stewart and A Waters. No interest is to be charged and no repayment terms have been agreed.
Featherstone Group Holdings Ltd - £783,865 (2023 - £21,158)
Featherstone Homes Developments South East Ltd - £100,000 (2023 - £100,000)
Lynton Road Rentals Ltd - £141,157
East Dulwich Station Developments Ltd - £14,241
Lynton Road Management Ltd - £250
Included in the Other Creditors is an amount owed to Wandle Wimbledon Developments Ltd totalling £270,000
(2023 - £270,000), for which Mr A Major, G Seaman, Rowan Stewart and A Waters are directors. No interest is to be
charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to Featherstone Homes (South East) Ltd totalling £32,530 (2023 - £34,530), for which Mr A Major, G Seaman, Rowan Stewart and A Waters are directors. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to the company director Mr G Seaman totalling £469,572
(2023 - £469,572), no interest is to be charged.
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