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REGISTERED NUMBER: 00113905 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

W Lancaster & Co Limited

W Lancaster & Co Limited (Registered number: 00113905)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W Lancaster & Co Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J D Emanuel
Mrs J N Emanuel





SECRETARY: J D Emanuel





REGISTERED OFFICE: Hewenden Mill
Cullingworth
Bradford
BD13 5BP





REGISTERED NUMBER: 00113905 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

W Lancaster & Co Limited (Registered number: 00113905)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,623,849 2,613,156

CURRENT ASSETS
Debtors 5 2,794 655
Cash at bank 1,210,771 40,389
1,213,565 41,044
CREDITORS
Amounts falling due within one year 6 6,647 14,990
NET CURRENT ASSETS 1,206,918 26,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,830,767

2,639,210

CREDITORS
Amounts falling due after more than one year 7 (119,587 ) (147,898 )

PROVISIONS FOR LIABILITIES (2,303 ) (2,272 )
NET ASSETS 2,708,877 2,489,040

CAPITAL AND RESERVES
Called up share capital 20,239 20,239
Share premium 1,289,011 1,289,011
Non-distributable reserve 8 197,580 -
Other reserves 14,500 14,500
Retained earnings 1,187,547 1,165,290
SHAREHOLDERS' FUNDS 2,708,877 2,489,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

W Lancaster & Co Limited (Registered number: 00113905)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2024 and were signed on its behalf by:





Mrs J N Emanuel - Director


W Lancaster & Co Limited (Registered number: 00113905)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

W Lancaster & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises income derived from the provision of furnished holiday letting accommodation and ancillary services. Revenue is recognised once a customers stay at the accommodation is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 20% on cost and 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

No depreciation is provided on freehold buildings used to provide holiday letting accommodation because the useful lives and residual values of such buildings are considered to be such that any depreciation would not be material.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

W Lancaster & Co Limited (Registered number: 00113905)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a money purchase pension scheme for directors and employees. The scheme's funds are administered by trustees and are independent of the company's finances.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 February 2023 2,606,809 114,072 28,473 6,610 2,755,964
Additions - 792 - - 792
Disposals (1,181,389 ) (63,570 ) (16,000 ) (990 ) (1,261,949 )
Revaluations 197,580 - - - 197,580
At 31 January 2024 1,623,000 51,294 12,473 5,620 1,692,387
DEPRECIATION
At 1 February 2023 11,891 96,719 28,473 5,725 142,808
Charge for year - 3,898 - 450 4,348
Eliminated on disposal - (61,628 ) (16,000 ) (990 ) (78,618 )
At 31 January 2024 11,891 38,989 12,473 5,185 68,538
NET BOOK VALUE
At 31 January 2024 1,611,109 12,305 - 435 1,623,849
At 31 January 2023 2,594,918 17,353 - 885 2,613,156

Cost or valuation at 31 January 2024 is represented by:

Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2024 197,580 - - - 197,580
Cost 1,425,420 51,294 12,473 5,620 1,494,807
1,623,000 51,294 12,473 5,620 1,692,387

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 2,794 655

W Lancaster & Co Limited (Registered number: 00113905)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 2,204 3,561
Taxation and social security 750 2,802
Other creditors 3,693 8,627
6,647 14,990

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other creditors 119,587 147,898

8. RESERVES
Non-distribu
reserve
£   
Revaluation 197,580

At 31 January 2024 197,580