2022-11-012023-10-312023-10-31false05919858LONDIS (TREGONY) LIMITED2024-07-26iso4217:GBPxbrli:pure059198582022-11-01059198582023-10-31059198582022-11-012023-10-31059198582021-11-01059198582022-10-31059198582021-11-012022-10-3105919858bus:SmallEntities2022-11-012023-10-3105919858bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3105919858bus:AbridgedAccounts2022-11-012023-10-3105919858bus:PrivateLimitedCompanyLtd2022-11-012023-10-3105919858core:WithinOneYear2023-10-3105919858core:AfterOneYear2023-10-3105919858core:WithinOneYear2022-10-3105919858core:AfterOneYear2022-10-3105919858core:ShareCapital2023-10-3105919858core:SharePremium2023-10-3105919858core:RevaluationReserve2023-10-3105919858core:OtherReservesSubtotal2023-10-3105919858core:RetainedEarningsAccumulatedLosses2023-10-3105919858core:ShareCapital2022-10-3105919858core:SharePremium2022-10-3105919858core:RevaluationReserve2022-10-3105919858core:OtherReservesSubtotal2022-10-3105919858core:RetainedEarningsAccumulatedLosses2022-10-3105919858core:LandBuildings2023-10-3105919858core:PlantMachinery2023-10-3105919858core:Vehicles2023-10-3105919858core:FurnitureFittings2023-10-3105919858core:OfficeEquipment2023-10-3105919858core:NetGoodwill2023-10-3105919858core:IntangibleAssetsOtherThanGoodwill2023-10-3105919858core:ListedExchangeTraded2023-10-3105919858core:UnlistedNon-exchangeTraded2023-10-3105919858core:LandBuildings2022-10-3105919858core:PlantMachinery2022-10-3105919858core:Vehicles2022-10-3105919858core:FurnitureFittings2022-10-3105919858core:OfficeEquipment2022-10-3105919858core:NetGoodwill2022-10-3105919858core:IntangibleAssetsOtherThanGoodwill2022-10-3105919858core:ListedExchangeTraded2022-10-3105919858core:UnlistedNon-exchangeTraded2022-10-3105919858core:LandBuildings2022-11-012023-10-3105919858core:PlantMachinery2022-11-012023-10-3105919858core:Vehicles2022-11-012023-10-3105919858core:FurnitureFittings2022-11-012023-10-3105919858core:OfficeEquipment2022-11-012023-10-3105919858core:NetGoodwill2022-11-012023-10-3105919858core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3105919858core:ListedExchangeTraded2022-11-012023-10-3105919858core:UnlistedNon-exchangeTraded2022-11-012023-10-3105919858core:MoreThanFiveYears2022-11-012023-10-3105919858core:Non-currentFinancialInstruments2023-10-3105919858core:Non-currentFinancialInstruments2022-10-3105919858dpl:CostSales2022-11-012023-10-3105919858dpl:DistributionCosts2022-11-012023-10-3105919858core:LandBuildings2022-11-012023-10-3105919858core:PlantMachinery2022-11-012023-10-3105919858core:Vehicles2022-11-012023-10-3105919858core:FurnitureFittings2022-11-012023-10-3105919858core:OfficeEquipment2022-11-012023-10-3105919858dpl:AdministrativeExpenses2022-11-012023-10-3105919858core:NetGoodwill2022-11-012023-10-3105919858core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3105919858dpl:GroupUndertakings2022-11-012023-10-3105919858dpl:ParticipatingInterests2022-11-012023-10-3105919858dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3105919858core:ListedExchangeTraded2022-11-012023-10-3105919858dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3105919858core:UnlistedNon-exchangeTraded2022-11-012023-10-3105919858dpl:CostSales2021-11-012022-10-3105919858dpl:DistributionCosts2021-11-012022-10-3105919858core:LandBuildings2021-11-012022-10-3105919858core:PlantMachinery2021-11-012022-10-3105919858core:Vehicles2021-11-012022-10-3105919858core:FurnitureFittings2021-11-012022-10-3105919858core:OfficeEquipment2021-11-012022-10-3105919858dpl:AdministrativeExpenses2021-11-012022-10-3105919858core:NetGoodwill2021-11-012022-10-3105919858core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3105919858dpl:GroupUndertakings2021-11-012022-10-3105919858dpl:ParticipatingInterests2021-11-012022-10-3105919858dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3105919858core:ListedExchangeTraded2021-11-012022-10-3105919858dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3105919858core:UnlistedNon-exchangeTraded2021-11-012022-10-3105919858core:NetGoodwill2023-10-3105919858core:IntangibleAssetsOtherThanGoodwill2023-10-3105919858core:LandBuildings2023-10-3105919858core:PlantMachinery2023-10-3105919858core:Vehicles2023-10-3105919858core:FurnitureFittings2023-10-3105919858core:OfficeEquipment2023-10-3105919858core:AfterOneYear2023-10-3105919858core:WithinOneYear2023-10-3105919858core:ListedExchangeTraded2023-10-3105919858core:UnlistedNon-exchangeTraded2023-10-3105919858core:ShareCapital2023-10-3105919858core:SharePremium2023-10-3105919858core:RevaluationReserve2023-10-3105919858core:OtherReservesSubtotal2023-10-3105919858core:RetainedEarningsAccumulatedLosses2023-10-3105919858core:NetGoodwill2022-10-3105919858core:IntangibleAssetsOtherThanGoodwill2022-10-3105919858core:LandBuildings2022-10-3105919858core:PlantMachinery2022-10-3105919858core:Vehicles2022-10-3105919858core:FurnitureFittings2022-10-3105919858core:OfficeEquipment2022-10-3105919858core:AfterOneYear2022-10-3105919858core:WithinOneYear2022-10-3105919858core:ListedExchangeTraded2022-10-3105919858core:UnlistedNon-exchangeTraded2022-10-3105919858core:ShareCapital2022-10-3105919858core:SharePremium2022-10-3105919858core:RevaluationReserve2022-10-3105919858core:OtherReservesSubtotal2022-10-3105919858core:RetainedEarningsAccumulatedLosses2022-10-3105919858core:NetGoodwill2021-11-0105919858core:IntangibleAssetsOtherThanGoodwill2021-11-0105919858core:LandBuildings2021-11-0105919858core:PlantMachinery2021-11-0105919858core:Vehicles2021-11-0105919858core:FurnitureFittings2021-11-0105919858core:OfficeEquipment2021-11-0105919858core:AfterOneYear2021-11-0105919858core:WithinOneYear2021-11-0105919858core:ListedExchangeTraded2021-11-0105919858core:UnlistedNon-exchangeTraded2021-11-0105919858core:ShareCapital2021-11-0105919858core:SharePremium2021-11-0105919858core:RevaluationReserve2021-11-0105919858core:OtherReservesSubtotal2021-11-0105919858core:RetainedEarningsAccumulatedLosses2021-11-0105919858core:AfterOneYear2022-11-012023-10-3105919858core:WithinOneYear2022-11-012023-10-3105919858core:Non-currentFinancialInstrumentscore:CostValuation2022-11-012023-10-3105919858core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-012023-10-3105919858core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-012023-10-3105919858core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-012023-10-3105919858core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-012023-10-3105919858core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-012023-10-3105919858core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3105919858core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3105919858core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3105919858core:Non-currentFinancialInstrumentscore:CostValuation2023-10-3105919858core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-3105919858core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-3105919858core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-3105919858core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-3105919858core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-3105919858core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-3105919858core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-3105919858core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-3105919858core:Non-currentFinancialInstrumentscore:CostValuation2022-10-3105919858core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-10-3105919858core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-10-3105919858core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-10-3105919858core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-10-3105919858core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-10-3105919858core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-10-3105919858core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-10-3105919858core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-10-3105919858bus:Director12022-11-012023-10-3105919858bus:Director22022-11-012023-10-31

LONDIS (TREGONY) LIMITED

Registered Number
05919858
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

LONDIS (TREGONY) LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

BIDDICK, Paul Joseph
BIDDICK, Sarah

Company Secretary

BIDDICK, Paul Joseph

Registered Address

61 Fore Street Tregony
Truro
TR2 5RW

Registered Number

05919858 (England and Wales)
LONDIS (TREGONY) LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets449,84859,442
49,84859,442
Current assets
Stocks39,03434,584
Debtors584,67435,718
Cash at bank and on hand8,35438,064
132,062108,366
Creditors amounts falling due within one year6(62,592)(41,496)
Net current assets (liabilities)69,47066,870
Total assets less current liabilities119,318126,312
Creditors amounts falling due after one year7(30,018)(41,212)
Provisions for liabilities(9,471)(10,224)
Accruals and deferred income(2,919)(2,805)
Net assets76,91072,071
Capital and reserves
Called up share capital101101
Profit and loss account76,80971,970
Shareholders' funds76,91072,071
The financial statements were approved and authorised for issue by the Board of Directors on 26 July 2024, and are signed on its behalf by:
BIDDICK, Paul Joseph
Director
BIDDICK, Sarah
Director

Registered Company No. 05919858
LONDIS (TREGONY) LIMITED
Notes to the Financial Statements
for the year ended 31 October 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings15
Office Equipment33
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year99
3.Intangible assets

Total

£
Cost or valuation
At 01 November 22175,000
At 31 October 23175,000
Amortisation and impairment
At 01 November 22175,000
At 31 October 23175,000
Net book value
At 31 October 23-
At 31 October 22-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 22223,360
At 31 October 23223,360
Depreciation and impairment
At 01 November 22163,918
Charge for year9,594
At 31 October 23173,512
Net book value
At 31 October 2349,848
At 31 October 2259,442
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables77,20731,212
Other debtors7,2834,322
Total84,49035,534
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables30,92910,996
Bank borrowings and overdrafts9,2779,277
Taxation and social security15,64814,657
Other creditors6,7386,566
Total62,59241,496
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts30,01841,212
Total30,01841,212
8.Related party transactions
During the year the company paid rental charges of £9,999 (2022: £9,999) based on open market rent to the director of the company During the year, total dividends of NIL (2022 - £32,800) were paid to the director and dividends of £6,500 (2022 - £6,000) were paid to the director's wife, Mrs S Biddick At the balance sheet date, the company was owed £25,172.80 from Perran Escapes Ltd, which is also owned by the director. The loan is interest free and has been included in other debtors on the balance sheet.
9.Controlling party
The controlling party is Mr P J Biddick by virtue of his shareholding.