Company Registration No. NI694719 (Northern Ireland)
Lakeland Living Ltd
Unaudited accounts
for the period from 20 February 2023 to 29 February 2024
Lakeland Living Ltd
Unaudited accounts
Contents
Lakeland Living Ltd
Company Information
for the period from 20 February 2023 to 29 February 2024
Director
Mr Barry McKervey
Company Number
NI694719 (Northern Ireland)
Registered Office
51 Dunmurry Lane
Dunmurry
Belfast
BT17 9JR
Accountants
SJK
8 Bridge Road
Moira
Co. Armagh
BT67 0PF
Lakeland Living Ltd
Statement of financial position
as at 29 February 2024
Investment property
109,494
Cash at bank and in hand
1,030
Creditors: amounts falling due within one year
(43,877)
Net current liabilities
(42,847)
Total assets less current liabilities
70,862
Creditors: amounts falling due after more than one year
(80,325)
Profit and loss account
(9,464)
Shareholders' funds
(9,463)
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 April 2024 and were signed on its behalf by
Mr Barry McKervey
Director
Company Registration No. NI694719
Lakeland Living Ltd
Notes to the Accounts
for the period from 20 February 2023 to 29 February 2024
Lakeland Living Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI694719. The registered office is 51 Dunmurry Lane, Dunmurry, Belfast, BT17 9JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
2,234
2,214
4,448
At 29 February 2024
2,234
2,214
4,448
Charge for the period
77
156
233
At 29 February 2024
77
156
233
At 29 February 2024
2,157
2,058
4,215
At 29 February 2024
109,494
The directors consider that the above value of investment property represents the market value at 29 February 2024.
Lakeland Living Ltd
Notes to the Accounts
for the period from 20 February 2023 to 29 February 2024
6
Creditors: amounts falling due within one year
2024
Loans from directors
43,229
7
Creditors: amounts falling due after more than one year
2024
Securities for the bank facilities are as follows:
- First legal mortgage over the property at 286 Woodstock Road, Belfast.
8
Average number of employees
During the period the average number of employees was 1.