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REGISTERED NUMBER: 05894748 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Laneborough 2 Limited

Laneborough 2 Limited (Registered number: 05894748)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laneborough 2 Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: D C Walker





SECRETARY: Mrs E Walker





REGISTERED OFFICE: Burnt Hill Cottage
Yattendon Lane
Ashampstead Common
Reading
Berkshire
RG8 8QS





REGISTERED NUMBER: 05894748 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Laneborough 2 Limited (Registered number: 05894748)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,765 3,965
Investment property 5 784,000 784,000
786,765 787,965

CURRENT ASSETS
Debtors 6 101,269 94,200
Cash at bank 33,223 10,545
134,492 104,745
CREDITORS
Amounts falling due within one year 7 13,753 7,492
NET CURRENT ASSETS 120,739 97,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

907,504

885,218

PROVISIONS FOR LIABILITIES 51,606 51,606
NET ASSETS 855,898 833,612

CAPITAL AND RESERVES
Called up share capital 627,500 627,500
Revaluation reserve 8 228,718 228,718
Retained earnings (320 ) (22,606 )
855,898 833,612

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

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

Laneborough 2 Limited (Registered number: 05894748)

Balance Sheet - continued
31 May 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 director and authorised for issue on 19 February 2024 and were signed by:





D C Walker - Director


Laneborough 2 Limited (Registered number: 05894748)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Laneborough 2 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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 NIL (2022 - NIL).

Laneborough 2 Limited (Registered number: 05894748)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 23,177
DEPRECIATION
At 1 June 2022 19,212
Charge for year 1,200
At 31 May 2023 20,412
NET BOOK VALUE
At 31 May 2023 2,765
At 31 May 2022 3,965

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 784,000
NET BOOK VALUE
At 31 May 2023 784,000
At 31 May 2022 784,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 100,906 92,069
Other debtors 363 2,131
101,269 94,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,924 2,618
Other creditors 7,829 4,874
13,753 7,492

Laneborough 2 Limited (Registered number: 05894748)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 228,718

9. PARENT COMPANY

The parent company is Laneborough Ltd a company incorporated in England and Wales.