Registered number
09295850
ST EDMUNDS LANE MANAGEMENT LIMITED
Unaudited Filleted Accounts
31 May 2024
ST EDMUNDS LANE MANAGEMENT LIMITED
Registered number: 09295850
Balance Sheet
as at 31 May 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 433 -
Current assets
Stocks 38,011 124,045
Debtors 4 3,201,302 2,228,767
Cash at bank and in hand 183,212 793,012
3,422,525 3,145,824
Creditors: amounts falling due within one year 5 (274,753) (241,845)
Net current assets 3,147,772 2,903,979
Total assets less current liabilities 3,148,205 2,903,979
Creditors: amounts falling due after more than one year 6 (929,000) (929,000)
Net assets 2,219,205 1,974,979
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,219,105 1,974,879
Shareholders' funds 2,219,205 1,974,979
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.
RF Kirby
Director
Approved by the board on 26 July 2024
ST EDMUNDS LANE MANAGEMENT LIMITED
Notes to the Accounts
for the period from 1 December 2022 to 31 May 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 is measured at the fair value of the consideration received or receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Stocks
The carrying amount of stock is recognised as an expense in the period in which the related revenue is recognised.
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. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Equipment
£
Cost
Additions 694
At 31 May 2024 694
Depreciation
Charge for the period 261
At 31 May 2024 261
Net book value
At 31 May 2024 433
4 Debtors 2024 2022
£ £
Other debtors 3,201,302 2,228,767
5 Creditors: amounts falling due within one year 2024 2022
£ £
Taxation and social security costs - 17,972
Other creditors 274,753 223,873
274,753 241,845
6 Creditors: amounts falling due after one year 2024 2022
£ £
Non-equity preference shares 929,000 929,000
7 Loans to directors
Description and conditions B/fwd Increase Repaid C/fwd
£ £ £ £
N Rowe
Loan 460,000 - - 460,000
460,000 - - 460,000
8 Other information
St Edmunds Lane Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Hinxton Court
Hinxton Court
Saffron Walden
Essex
CB10 1RG
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