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Company Registration No. NI037721 (Northern Ireland)
Larkspur Management Company Limited Unaudited accounts for the year ended 31 October 2023
Larkspur Management Company Limited Unaudited accounts Contents
Page
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Larkspur Management Company Limited Company Information for the year ended 31 October 2023
Director
Scott Desmond Hynds
Secretary
Mitchell Neil Jackson
Company Number
NI037721 (Northern Ireland)
Registered Office
2 Milltown Lodge Antrim BT41 4PQ Northern Ireland
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
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Larkspur Management Company Limited Accountants' report
Accountants' report to the director of Larkspur Management Company Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Larkspur Management Company Limited for the year ended 31 October 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Larkspur Management Company Limited, as a body, in accordance with the terms of our engagement letter dated 3 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Larkspur Management Company Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Larkspur Management Company Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Larkspur Management Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Larkspur Management Company Limited. You consider that Larkspur Management Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Larkspur Management Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE 29 July 2024
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Larkspur Management Company Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
45,767 
46,947 
Cash at bank and in hand
155 
1,300 
45,922 
48,247 
Creditors: amounts falling due within one year
(240)
(2,954)
Net current assets
45,682 
45,293 
Net assets
45,682 
45,293 
Capital and reserves
Called up share capital
31 
31 
Profit and loss account
45,651 
45,262 
Shareholders' funds
45,682 
45,293 
For the year ending 31 October 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 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 29 July 2024 and were signed on its behalf by
Scott Desmond Hynds Director Company Registration No. NI037721
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Larkspur Management Company Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Larkspur Management Company Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI037721. The registered office is 2 Milltown Lodge, Antrim, BT41 4PQ, Northern Ireland.
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.
3
Accounting policies
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
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Larkspur Management Company Limited Notes to the Accounts for the year ended 31 October 2023
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,767 
45,767 
Accrued income and prepayments
- 
126 
Other debtors
- 
1,054 
45,767 
46,947 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
- 
2,612 
Accruals
240 
342 
240 
2,954 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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