Registered number
08725684
Loughton Gate Limited
Filleted Accounts
31 March 2024
Loughton Gate Limited
Registered number: 08725684
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 142,045 142,045
Current assets
Debtors 4 273 93
Investments held as current assets 5 10,151 10,155
Cash at bank and in hand 4,202 4,312
14,626 14,560
Creditors: amounts falling due within one year 6 (37,831) (32,262)
Net current liabilities (23,205) (17,702)
Total assets less current liabilities 118,840 124,343
Creditors: amounts falling due after more than one year 7 - (13,000)
Net assets 118,840 111,343
Capital and reserves
Called up share capital 100 100
Profit and loss account 118,740 111,243
Shareholders' funds 118,840 111,343
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M A Holmes
Director
Approved by the board on 6 August 2024
Loughton Gate Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rental income received.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 142,045
At 31 March 2024 142,045
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 142,045
At 31 March 2023 142,045
4 Debtors 2024 2023
£ £
Other debtors 273 93
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 10,151 10,155
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,132 2,073
Other creditors 35,699 30,189
37,831 32,262
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 13,000
8 Other information
Loughton Gate Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Bedfordshire
LU7 2LX
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