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REGISTERED NUMBER: 06967391 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

LAMBORN AND HILL LTD

LAMBORN AND HILL LTD (REGISTERED NUMBER: 06967391)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAMBORN AND HILL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: A J Lamborn





REGISTERED OFFICE: 12 Conqueror Court
Sittingbourne
Kent
ME10 5BH





BUSINESS ADDRESS: 19-21 West Street
Sittingbourne
Kent
ME10 1AJ





REGISTERED NUMBER: 06967391 (England and Wales)





ACCOUNTANTS: Williams Giles Professional Services Ltd
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

LAMBORN AND HILL LTD (REGISTERED NUMBER: 06967391)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,873 4,700

CURRENT ASSETS
Debtors 5 146,582 219,241
Cash at bank 87,428 112,095
234,010 331,336
CREDITORS
Amounts falling due within one year 6 85,690 114,475
NET CURRENT ASSETS 148,320 216,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,193

221,561

CREDITORS
Amounts falling due after more than one
year

7

(32,606

)

(38,795

)

PROVISIONS FOR LIABILITIES (468 ) (893 )
NET ASSETS 117,119 181,873

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 117,117 181,871
117,119 181,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

LAMBORN AND HILL LTD (REGISTERED NUMBER: 06967391)

BALANCE SHEET - continued
30 JUNE 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 6 December 2023 and were signed by:





A J Lamborn - Director


LAMBORN AND HILL LTD (REGISTERED NUMBER: 06967391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Lamborn And Hill 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.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or from the rendering of services.

Turnover from the rendering of real estate agency 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office equipment - 25% on cost
Fixtures and fittings - 25% on cost

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of the fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted if appropriate or if there is an indication of a significant change since the last reporting date.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not capitalised.

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.

LAMBORN AND HILL LTD (REGISTERED NUMBER: 06967391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 16,719 28,196 44,915
DEPRECIATION
At 1 July 2022 16,027 24,188 40,215
Charge for year 383 2,444 2,827
At 30 June 2023 16,410 26,632 43,042
NET BOOK VALUE
At 30 June 2023 309 1,564 1,873
At 30 June 2022 692 4,008 4,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 9,540
Amounts owed by group undertakings 45,682 -
Other debtors 100,900 209,701
146,582 219,241

LAMBORN AND HILL LTD (REGISTERED NUMBER: 06967391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,155
Trade creditors 2,382 27
Taxation and social security 15,739 52,491
Other creditors 62,013 56,802
85,690 114,475

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,606 38,795

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due over more than 5 yrs by
instalments

10,383

16,840

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 19,700 22,517
Between one and five years 38,475 6,950
58,175 29,467

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
J T Hill
Balance outstanding at start of year 84,283 40,151
Amounts advanced 22,000 44,132
Amounts repaid (106,283 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 84,283

LAMBORN AND HILL LTD (REGISTERED NUMBER: 06967391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A J Lamborn
Balance outstanding at start of year 79,877 88,168
Amounts advanced 58,764 -
Amounts repaid (82,491 ) (8,291 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,150 79,877