2023-01-01 08827527 2023-12-31 08827527 2023-01-01 2023-12-31 08827527 2022-12-31 08827527 2022-01-01 2022-12-31 08827527 uk-core:WithinOneYear 2022-12-31 08827527 uk-core:WithinOneYear 2023-12-31 08827527 uk-core:AfterOneYear 2022-12-31 08827527 uk-core:AfterOneYear 2023-12-31 08827527 uk-core:ShareCapital 2023-12-31 08827527 uk-core:ShareCapital 2022-12-31 08827527 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 08827527 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 08827527 uk-bus:Director1 2023-01-01 2023-12-31 08827527 uk-core:FurnitureFittings 2023-01-01 2023-12-31 08827527 uk-core:FurnitureFittings 2022-12-31 08827527 uk-core:Buildings uk-core:OwnedOrFreeholdAssets 2022-12-31 08827527 uk-core:Buildings uk-core:OwnedOrFreeholdAssets 2023-12-31 08827527 uk-core:FurnitureFittings 2023-12-31 08827527 uk-core:Buildings uk-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure 08827527 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08827527 uk-bus:FRS102 2023-01-01 2023-12-31 08827527 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 08827527 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Lofthouse Property and Management Services Ltd
Registered Number:08827527
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Lofthouse Property and Management Services Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08827527
As at 31 December 2023
Lofthouse Property and Management Services Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
93,874
94,019
2
93,874
94,019
Current assets
20,467
Cash and cash equivalents
12,837
12,837
20,467
Trade and other payables: amounts falling due within one
year
(9,241)
(9,702)
3
11,226
3,135
Net current assets
Total assets less current liabilities
97,009
105,245
Trade and other payables: amounts falling due after more
than one year
(82,500)
(72,500)
4
(87)
(110)
Provisions for liabilities
24,422
Net assets
22,635
Capital and reserves
Called up share capital
500
500
Retained earnings
23,922
22,135
24,422
22,635
Shareholders' funds
For the year ended 31 December 2023 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S J Lofthouse Director
These financial statements were approved and authorised for issue by the Board on 11 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Lofthouse Property and Management Services Ltd
Notes to the Financial Statements
Statutory Information
Lofthouse Property and Management Services Ltd is a private limited company, limited by shares, domiciled in
England and Wales, registration number 08827527.
Registered address:
11 Derwent Road
Torquay
Devon
TQ1 3QL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depriciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 December 2023
Lofthouse Property and Management Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 January 2023
97,416
3,977
93,439
At 31 December 2023
93,439
3,977
97,416
Provision for depreciation and impairment
At 01 January 2023
3,397
3,397
-
Charge for year
145
145
-
At 31 December 2023
3,542
3,542
-
At 31 December 2023
Net book value
93,439
435
93,874
At 31 December 2022
93,439
580
94,019
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
3,218
2,887
Other creditors
6,484
6,354
9,702
9,241
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
72,500
82,500
5. Related party transactions
The company was under the control of S J Lofthouse during this year.
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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