L&P HURLOCK DEVELOPMENTS LIMITED

Company Registration Number:
13504205 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

L&P HURLOCK DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

L&P HURLOCK DEVELOPMENTS LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

13 months to 31 July 2022


£

£
Fixed assets
Tangible assets: 3 1,152,384 1,097,481
Total fixed assets: 1,152,384 1,097,481
Current assets
Debtors:   95 0
Cash at bank and in hand: 117 7,136
Total current assets: 212 7,136
Creditors: amounts falling due within one year:   (4,813) (2,249)
Net current assets (liabilities): (4,601) 4,887
Total assets less current liabilities: 1,147,783 1,102,368
Creditors: amounts falling due after more than one year:   (1,156,760) (1,108,305)
Total net assets (liabilities): (8,977) (5,937)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (9,077) (6,037)
Shareholders funds: (8,977) (5,937)

The notes form part of these financial statements

L&P HURLOCK DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 April 2024
and signed on behalf of the board by:

Name: Mr L S Hurlock
Status: Director

The notes form part of these financial statements

L&P HURLOCK DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theiruseful lives on the following bases: Computer equipment 33.33% straight line.

Valuation and information policy

Investment propertyInvestment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.

Other accounting policies

Financial instrumentsThe company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.Basic financial assetsBasic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.Derecognition of financial assetsFinancial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.Basic financial liabilitiesBasic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.Derecognition of financial liabilitiesFinancial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

L&P HURLOCK DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 13 months to 31 July 2022
Average number of employees during the period 0 0

L&P HURLOCK DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 1,097,581
Additions 55,014
At 31 July 2023 1,152,595
Depreciation
At 01 August 2022 100
Charge for year 111
At 31 July 2023 211
Net book value
At 31 July 2023 1,152,384
At 31 July 2022 1,097,481

L&P HURLOCK DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: The unsecured loans are provided free of any interest charge and without any repayment terms.
£
Balance at 01 August 2022 1,074,551
Balance at 31 July 2023 1,074,294
Name of the related party:
Relationship:
Related party company
Description of the Transaction: The unsecured loans are provided free of any interest charge and without any repayment terms.
£
Balance at 01 August 2022 33,754
Balance at 31 July 2023 82,466