Silverfin false false 31/08/2023 01/09/2022 31/08/2023 Mr C Lambert 06/10/2021 Mr C W Lambert 14 March 2024 The principal activity of the Company during the financial year was that of a property investment business. 02307026 2023-08-31 02307026 bus:Director1 2023-08-31 02307026 2022-08-31 02307026 core:CurrentFinancialInstruments 2023-08-31 02307026 core:CurrentFinancialInstruments 2022-08-31 02307026 core:ShareCapital 2023-08-31 02307026 core:ShareCapital 2022-08-31 02307026 core:RevaluationReserve 2023-08-31 02307026 core:RevaluationReserve 2022-08-31 02307026 core:RetainedEarningsAccumulatedLosses 2023-08-31 02307026 core:RetainedEarningsAccumulatedLosses 2022-08-31 02307026 core:OtherPropertyPlantEquipment 2022-08-31 02307026 core:OtherPropertyPlantEquipment 2023-08-31 02307026 bus:OrdinaryShareClass1 2023-08-31 02307026 bus:OrdinaryShareClass2 2023-08-31 02307026 2022-09-01 2023-08-31 02307026 bus:FilletedAccounts 2022-09-01 2023-08-31 02307026 bus:SmallEntities 2022-09-01 2023-08-31 02307026 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 02307026 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 02307026 bus:Director1 2022-09-01 2023-08-31 02307026 bus:Director2 2022-09-01 2023-08-31 02307026 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-09-01 2023-08-31 02307026 2021-09-01 2022-08-31 02307026 core:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 02307026 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 02307026 bus:OrdinaryShareClass1 2021-09-01 2022-08-31 02307026 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 02307026 bus:OrdinaryShareClass2 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02307026 (England and Wales)

THE LAMBERT GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

THE LAMBERT GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

THE LAMBERT GROUP LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2023
THE LAMBERT GROUP LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2023
DIRECTORS Mr C Lambert
Mr C W Lambert
REGISTERED OFFICE Little Thatches Staffords Green
Sherborne
Dorset
DT9 4LY
United Kingdom
COMPANY NUMBER 02307026 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
THE LAMBERT GROUP LIMITED

BALANCE SHEET

As at 31 August 2023
THE LAMBERT GROUP LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,194 1,142
Investment property 4 1,375,000 1,375,000
1,376,194 1,376,142
Current assets
Debtors 5 16,064 0
Cash at bank and in hand 9,736 43,513
25,800 43,513
Creditors: amounts falling due within one year 6 ( 12,625) ( 46,894)
Net current assets/(liabilities) 13,175 (3,381)
Total assets less current liabilities 1,389,369 1,372,761
Provision for liabilities ( 173,000) ( 171,500)
Net assets 1,216,369 1,201,261
Capital and reserves
Called-up share capital 7 4,000 4,000
Revaluation reserve 938,899 938,899
Profit and loss account 273,470 258,362
Total shareholders' funds 1,216,369 1,201,261

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Lambert Group Limited (registered number: 02307026) were approved and authorised for issue by the Board of Directors on 14 March 2024. They were signed on its behalf by:

Mr C Lambert
Director
THE LAMBERT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
THE LAMBERT GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Lambert Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Little Thatches Staffords Green, Sherborne, Dorset, DT9 4LY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery etc. 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in the fair value are recognised in profit or loss with the cumulative fair value movements (adjusted for deferred tax) separately disclosed as an other reserve, being a non-distributable subset of the profit and loss reserve.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 September 2022 7,952 7,952
Additions 603 603
At 31 August 2023 8,555 8,555
Accumulated depreciation
At 01 September 2022 6,810 6,810
Charge for the financial year 551 551
At 31 August 2023 7,361 7,361
Net book value
At 31 August 2023 1,194 1,194
At 31 August 2022 1,142 1,142

4. Investment property

Investment property
£
Valuation
As at 01 September 2022 1,375,000
As at 31 August 2023 1,375,000

The investment properties were valued on an open market basis on 25 July 2017 by London's Surveyors & Valuers Ltd.

5. Debtors

2023 2022
£ £
Amounts owed by directors 16,064 0

6. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 0 33,087
Accruals 2,751 2,463
Corporation tax 7,433 8,634
Other taxation and social security 2,441 2,710
12,625 46,894

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,400 Ordinary A shares of £ 1.00 each 2,400 2,400
1,600 Ordinary B shares of £ 1.00 each 1,600 1,600
4,000 4,000

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Mr C W Lambert 16,064 0