Ladson Commercial Ltd 06616985 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is that of property development Digita Accounts Production Advanced 6.30.9574.0 true true 06616985 2022-10-01 2023-09-30 06616985 2023-09-30 06616985 core:RetainedEarningsAccumulatedLosses 2023-09-30 06616985 core:ShareCapital 2023-09-30 06616985 core:CurrentFinancialInstruments 2023-09-30 06616985 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 06616985 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 06616985 bus:SmallEntities 2022-10-01 2023-09-30 06616985 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 06616985 bus:FullAccounts 2022-10-01 2023-09-30 06616985 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 06616985 bus:RegisteredOffice 2022-10-01 2023-09-30 06616985 bus:Director1 2022-10-01 2023-09-30 06616985 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 06616985 countries:EnglandWales 2022-10-01 2023-09-30 06616985 core:CostValuation 2022-09-30 06616985 2021-10-01 2022-09-30 06616985 2022-09-30 06616985 core:RetainedEarningsAccumulatedLosses 2022-09-30 06616985 core:ShareCapital 2022-09-30 06616985 core:CurrentFinancialInstruments 2022-09-30 06616985 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 06616985 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 06616985

Ladson Commercial Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Ladson Commercial Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Ladson Commercial Ltd

(Registration number: 06616985)
Statement of Financial Position as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

365,000

365,000

Current assets

 

Debtors

5

9,350

22,416

Cash at bank and in hand

 

13,159

660

 

22,509

23,076

Creditors: Amounts falling due within one year

6

(387,358)

(380,111)

Net current liabilities

 

(364,849)

(357,035)

Total assets less current liabilities

 

151

7,965

Creditors: Amounts falling due after more than one year

6

(540,000)

(540,000)

Net liabilities

 

(539,849)

(532,035)

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(540,849)

(533,035)

Shareholders' deficit

 

(539,849)

(532,035)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

A J Ladson
Director

   
     
 

Ladson Commercial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Colony
Altrincham Road
Wilmslow
Cheshire
SK9 4LY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances from the director that he will continue to give financial support to the company for the foreseeable future and for a period not less than 12 months from the date of approval of these financial statements.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Ladson Commercial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investment annuity

365,000

365,000

Investment annuity

£

Cost

At 1 October 2022

365,000

Provision

Carrying amount

At 30 September 2023

365,000

At 30 September 2022

365,000

5

Debtors

Current

2023
£

2022
£

Other debtors

9,350

22,416

 

9,350

22,416

 

Ladson Commercial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,382

1,760

Taxation and social security

25,995

26,756

Accruals and deferred income

1,370

1,000

Other creditors

356,611

350,595

387,358

380,111

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other non-current financial liabilities

540,000

540,000