Registered number
10646250
LARKSPUR ESTATES LTD
Unaudited Filleted Accounts
31 March 2024
TEMPLETONS (UK) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
LARKSPUR ESTATES LTD
Registered number: 10646250
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 60,599 199
Current assets
Debtors 4 - 48,000
Cash at bank and in hand 44,496 120,010
44,496 168,010
Creditors: amounts falling due within one year 5 (756) (19,390)
Net current assets 43,740 148,620
Net assets 104,339 148,819
Capital and reserves
Called up share capital 102 102
Profit and loss account 104,237 148,717
Shareholders' funds 104,339 148,819
The director is 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 director acknowledges his 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.
Raju H Kishinani
Director
Approved by the board on 25 July 2024
LARKSPUR ESTATES LTD
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 is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 25% reducing balance
Motor vehicle 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 199 - 199
Additions 650 79,950 80,600
At 31 March 2024 849 79,950 80,799
Depreciation
Charge for the year 212 19,988 20,200
At 31 March 2024 212 19,988 20,200
Net book value
At 31 March 2024 637 59,962 60,599
At 31 March 2023 199 - 199
4 Debtors 2024 2023
£ £
Other debtors - 48,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 18,050
Other creditors 756 1,340
756 19,390
6 Other information
LARKSPUR ESTATES LTD is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
LARKSPUR ESTATES LTD 10646250 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts October 2023 release 2 Raju H Kishinani No description of principal activity 10646250 2022-04-01 2023-03-31 10646250 core:WithinOneYear 2023-03-31 10646250 core:ShareCapital 2023-03-31 10646250 core:RetainedEarningsAccumulatedLosses 2023-03-31 10646250 2023-04-01 2024-03-31 10646250 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10646250 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10646250 bus:Director40 2023-04-01 2024-03-31 10646250 1 2023-04-01 2024-03-31 10646250 2 2023-04-01 2024-03-31 10646250 core:PlantMachinery 2023-04-01 2024-03-31 10646250 core:Vehicles 2023-04-01 2024-03-31 10646250 countries:England 2023-04-01 2024-03-31 10646250 bus:FRS102 2023-04-01 2024-03-31 10646250 bus:FullAccounts 2023-04-01 2024-03-31 10646250 2024-03-31 10646250 core:WithinOneYear 2024-03-31 10646250 core:ShareCapital 2024-03-31 10646250 core:RetainedEarningsAccumulatedLosses 2024-03-31 10646250 core:PlantMachinery 2024-03-31 10646250 core:Vehicles 2024-03-31 10646250 2023-03-31 10646250 core:PlantMachinery 2023-03-31 10646250 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure