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REGISTERED NUMBER: 14141608 (England and Wales)















SOM LOCKWOOD LIMITED

Unaudited Financial Statements

for the Period 30 May 2022 to 31 May 2023






SOM LOCKWOOD LIMITED (Registered number: 14141608)






Contents of the Financial Statements
for the Period 30 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOM LOCKWOOD LIMITED

Company Information
for the Period 30 May 2022 to 31 May 2023







DIRECTOR: R Calvin





REGISTERED OFFICE: 11 Neale Road
Huddersfield
HD1 3TN





REGISTERED NUMBER: 14141608 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

SOM LOCKWOOD LIMITED (Registered number: 14141608)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Investment property 4 386,430

CURRENT ASSETS
Debtors 5 8,680
Cash at bank 171
8,851
CREDITORS
Amounts falling due within one year 6 63,474
NET CURRENT LIABILITIES (54,623 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,807

CREDITORS
Amounts falling due after more than one
year

7

339,343
NET LIABILITIES (7,536 )

CAPITAL AND RESERVES
Called up share capital 9 1
Retained earnings (7,537 )
SHAREHOLDERS' FUNDS (7,536 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:



R Calvin - Director


SOM LOCKWOOD LIMITED (Registered number: 14141608)

Notes to the Financial Statements
for the Period 30 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

SOM LOCKWOOD 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 386,430
At 31 May 2023 386,430
NET BOOK VALUE
At 31 May 2023 386,430

SOM LOCKWOOD LIMITED (Registered number: 14141608)

Notes to the Financial Statements - continued
for the Period 30 May 2022 to 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 8,680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation 1,866
Other creditors 61,608
63,474

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 339,343

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 339,343

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 339,343

Bank borrowings are secured against the investment property to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

10. RELATED PARTY DISCLOSURES

SOM Lockwood Trading Limited is a related party of SOM Lockwood Limited due to having the same owner and director, Robert Calvin.

During the year SOM Lockwood Trading Limited paid rent to SOM Lockwood Limited of £10,411.