Registered number
09571823
LANDLORDS BEST FRIEND MANAGEMENT LTD
Filleted Accounts
31 May 2023
TEMPLETONS (UK) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
LANDLORDS BEST FRIEND MANAGEMENT LTD
Registered number: 09571823
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 379 505
Current assets
Stocks 750 -
Cash at bank and in hand 1,165 318
1,915 318
Creditors: amounts falling due within one year 4 (5,173) (3,988)
Net current liabilities (3,258) (3,670)
Net liabilities (2,879) (3,165)
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,979) (3,265)
Shareholders' funds (2,879) (3,165)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Robert Harding
Director
Approved by the board on 20 February 2024
LANDLORDS BEST FRIEND MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 899
At 31 May 2023 899
Depreciation
At 1 June 2022 394
Charge for the year 126
At 31 May 2023 520
Net book value
At 31 May 2023 379
At 31 May 2022 505
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other taxes and social security costs 125 100
Other creditors 5,048 3,888
5,173 3,988
5 Controlling party
The company is controlled by Mrs Anette Harding, a shareholder and director of the company throughout the year.
6 Other information
LANDLORDS BEST FRIEND MANAGEMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
LANDLORDS BEST FRIEND MANAGEMENT LTD 09571823 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 Mr Robert Harding No description of principal activity 09571823 2021-06-01 2022-05-31 09571823 core:WithinOneYear 2022-05-31 09571823 core:ShareCapital 2022-05-31 09571823 core:RetainedEarningsAccumulatedLosses 2022-05-31 09571823 2022-06-01 2023-05-31 09571823 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09571823 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 09571823 bus:Director40 2022-06-01 2023-05-31 09571823 1 2022-06-01 2023-05-31 09571823 2 2022-06-01 2023-05-31 09571823 core:PlantMachinery 2022-06-01 2023-05-31 09571823 countries:England 2022-06-01 2023-05-31 09571823 bus:FRS102 2022-06-01 2023-05-31 09571823 bus:FullAccounts 2022-06-01 2023-05-31 09571823 2023-05-31 09571823 core:WithinOneYear 2023-05-31 09571823 core:ShareCapital 2023-05-31 09571823 core:RetainedEarningsAccumulatedLosses 2023-05-31 09571823 core:PlantMachinery 2023-05-31 09571823 2022-05-31 09571823 core:PlantMachinery 2022-05-31 iso4217:GBP xbrli:pure