2022-09-012023-08-312023-08-31false08218811Laudan Developments Limited2024-03-1241202iso4217:GBPxbrli:pure082188112022-09-01082188112023-08-31082188112022-09-012023-08-31082188112021-09-01082188112022-08-31082188112021-09-012022-08-3108218811bus:SmallEntities2022-09-012023-08-3108218811bus:AuditExempt-NoAccountantsReport2022-09-012023-08-3108218811bus:AbridgedAccounts2022-09-012023-08-3108218811bus:PrivateLimitedCompanyLtd2022-09-012023-08-3108218811core:WithinOneYear2023-08-3108218811core:AfterOneYear2023-08-3108218811core:WithinOneYear2022-08-3108218811core:AfterOneYear2022-08-3108218811core:ShareCapital2023-08-3108218811core:SharePremium2023-08-3108218811core:RevaluationReserve2023-08-3108218811core:OtherReservesSubtotal2023-08-3108218811core:RetainedEarningsAccumulatedLosses2023-08-3108218811core:ShareCapital2022-08-3108218811core:SharePremium2022-08-3108218811core:RevaluationReserve2022-08-3108218811core:OtherReservesSubtotal2022-08-3108218811core:RetainedEarningsAccumulatedLosses2022-08-3108218811core:LandBuildings2023-08-3108218811core:PlantMachinery2023-08-3108218811core:Vehicles2023-08-3108218811core:FurnitureFittings2023-08-3108218811core:OfficeEquipment2023-08-3108218811core:NetGoodwill2023-08-3108218811core:IntangibleAssetsOtherThanGoodwill2023-08-3108218811core:ListedExchangeTraded2023-08-3108218811core:UnlistedNon-exchangeTraded2023-08-3108218811core:LandBuildings2022-08-3108218811core:PlantMachinery2022-08-3108218811core:Vehicles2022-08-3108218811core:FurnitureFittings2022-08-3108218811core:OfficeEquipment2022-08-3108218811core:NetGoodwill2022-08-3108218811core:IntangibleAssetsOtherThanGoodwill2022-08-3108218811core:ListedExchangeTraded2022-08-3108218811core:UnlistedNon-exchangeTraded2022-08-3108218811core:LandBuildings2022-09-012023-08-3108218811core:PlantMachinery2022-09-012023-08-3108218811core:Vehicles2022-09-012023-08-3108218811core:FurnitureFittings2022-09-012023-08-3108218811core:OfficeEquipment2022-09-012023-08-3108218811core:NetGoodwill2022-09-012023-08-3108218811core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3108218811core:ListedExchangeTraded2022-09-012023-08-3108218811core:UnlistedNon-exchangeTraded2022-09-012023-08-3108218811core:MoreThanFiveYears2022-09-012023-08-3108218811core:Non-currentFinancialInstruments2023-08-3108218811core:Non-currentFinancialInstruments2022-08-3108218811dpl:CostSales2022-09-012023-08-3108218811dpl:DistributionCosts2022-09-012023-08-3108218811core:LandBuildings2022-09-012023-08-3108218811core:PlantMachinery2022-09-012023-08-3108218811core:Vehicles2022-09-012023-08-3108218811core:FurnitureFittings2022-09-012023-08-3108218811core:OfficeEquipment2022-09-012023-08-3108218811dpl:AdministrativeExpenses2022-09-012023-08-3108218811core:NetGoodwill2022-09-012023-08-3108218811core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3108218811dpl:GroupUndertakings2022-09-012023-08-3108218811dpl:ParticipatingInterests2022-09-012023-08-3108218811dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3108218811core:ListedExchangeTraded2022-09-012023-08-3108218811dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3108218811core:UnlistedNon-exchangeTraded2022-09-012023-08-3108218811dpl:CostSales2021-09-012022-08-3108218811dpl:DistributionCosts2021-09-012022-08-3108218811core:LandBuildings2021-09-012022-08-3108218811core:PlantMachinery2021-09-012022-08-3108218811core:Vehicles2021-09-012022-08-3108218811core:FurnitureFittings2021-09-012022-08-3108218811core:OfficeEquipment2021-09-012022-08-3108218811dpl:AdministrativeExpenses2021-09-012022-08-3108218811core:NetGoodwill2021-09-012022-08-3108218811core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3108218811dpl:GroupUndertakings2021-09-012022-08-3108218811dpl:ParticipatingInterests2021-09-012022-08-3108218811dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3108218811core:ListedExchangeTraded2021-09-012022-08-3108218811dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3108218811core:UnlistedNon-exchangeTraded2021-09-012022-08-3108218811core:NetGoodwill2023-08-3108218811core:IntangibleAssetsOtherThanGoodwill2023-08-3108218811core:LandBuildings2023-08-3108218811core:PlantMachinery2023-08-3108218811core:Vehicles2023-08-3108218811core:FurnitureFittings2023-08-3108218811core:OfficeEquipment2023-08-3108218811core:AfterOneYear2023-08-3108218811core:WithinOneYear2023-08-3108218811core:ListedExchangeTraded2023-08-3108218811core:UnlistedNon-exchangeTraded2023-08-3108218811core:ShareCapital2023-08-3108218811core:SharePremium2023-08-3108218811core:RevaluationReserve2023-08-3108218811core:OtherReservesSubtotal2023-08-3108218811core:RetainedEarningsAccumulatedLosses2023-08-3108218811core:NetGoodwill2022-08-3108218811core:IntangibleAssetsOtherThanGoodwill2022-08-3108218811core:LandBuildings2022-08-3108218811core:PlantMachinery2022-08-3108218811core:Vehicles2022-08-3108218811core:FurnitureFittings2022-08-3108218811core:OfficeEquipment2022-08-3108218811core:AfterOneYear2022-08-3108218811core:WithinOneYear2022-08-3108218811core:ListedExchangeTraded2022-08-3108218811core:UnlistedNon-exchangeTraded2022-08-3108218811core:ShareCapital2022-08-3108218811core:SharePremium2022-08-3108218811core:RevaluationReserve2022-08-3108218811core:OtherReservesSubtotal2022-08-3108218811core:RetainedEarningsAccumulatedLosses2022-08-3108218811core:NetGoodwill2021-09-0108218811core:IntangibleAssetsOtherThanGoodwill2021-09-0108218811core:LandBuildings2021-09-0108218811core:PlantMachinery2021-09-0108218811core:Vehicles2021-09-0108218811core:FurnitureFittings2021-09-0108218811core:OfficeEquipment2021-09-0108218811core:AfterOneYear2021-09-0108218811core:WithinOneYear2021-09-0108218811core:ListedExchangeTraded2021-09-0108218811core:UnlistedNon-exchangeTraded2021-09-0108218811core:ShareCapital2021-09-0108218811core:SharePremium2021-09-0108218811core:RevaluationReserve2021-09-0108218811core:OtherReservesSubtotal2021-09-0108218811core:RetainedEarningsAccumulatedLosses2021-09-0108218811core:AfterOneYear2022-09-012023-08-3108218811core:WithinOneYear2022-09-012023-08-3108218811core:Non-currentFinancialInstrumentscore:CostValuation2022-09-012023-08-3108218811core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-012023-08-3108218811core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-012023-08-3108218811core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-012023-08-3108218811core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-012023-08-3108218811core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-012023-08-3108218811core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3108218811core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3108218811core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3108218811core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3108218811core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3108218811core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3108218811core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3108218811core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3108218811core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3108218811core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3108218811core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3108218811core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3108218811core:Non-currentFinancialInstrumentscore:CostValuation2022-08-3108218811core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-3108218811core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-3108218811core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-3108218811core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-3108218811core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-3108218811core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-3108218811core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-3108218811core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-3108218811bus:Director12022-09-012023-08-3108218811bus:Director22022-09-012023-08-31

Laudan Developments Limited

Registered Number
08218811
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

Laudan Developments Limited
Company Information
for the year from 1 September 2022 to 31 August 2023

Directors

K McDermott
S McDermott

Registered Address

14a Main Street
Cockermouth
CA13 9LQ

Place of Business

6 The Willows

Durdar

Carlisle

CA2 4UP


Registered Number

08218811 (England and Wales)
Laudan Developments Limited
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3374,850374,850
374,850374,850
Current assets
Debtors1,0601,480
Cash at bank and on hand9,85411,087
10,91412,567
Creditors amounts falling due within one year(81,234)(93,300)
Net current assets (liabilities)(70,320)(80,733)
Total assets less current liabilities304,530294,117
Provisions for liabilities(29,742)(29,742)
Net assets274,788264,375
Capital and reserves
Called up share capital22
Revaluation reserve156,538156,538
Profit and loss account118,248107,835
Shareholders' funds274,788264,375
The financial statements were approved and authorised for issue by the Board of Directors on 12 March 2024, and are signed on its behalf by:
K McDermott
Director
Registered Company No. 08218811
Laudan Developments Limited
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Investment properties are shown at their most recent valuation, and so are not subject to depreciation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.
2.Average number of employees
The company has two directors, but they are not classified as being salaried employees.

20232022
Average number of employees during the year20
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 22374,850
At 31 August 23374,850
Net book value
At 31 August 23374,850
At 31 August 22374,850
Investment properties are shown at their deemed fair value, based on a valuation in 2016. If investment properties had not been revalued they would have been included at the following historical cost: £218,312 (2022: £218,312)