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REGISTERED NUMBER: 01862347 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LANCASTER CONTRACTING LIMITED

LANCASTER CONTRACTING LIMITED (REGISTERED NUMBER: 01862347)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANCASTER CONTRACTING LIMITED

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTOR: C M L Perring





SECRETARY: C M L Perring





REGISTERED OFFICE: Lancaster House
Barrack Lane
Windsor
Berks
SL4 1HD





REGISTERED NUMBER: 01862347 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

LANCASTER CONTRACTING LIMITED (REGISTERED NUMBER: 01862347)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,312 7,083
Investments 6 - 100
5,312 7,183

CURRENT ASSETS
Debtors 7 361 -
Cash at bank - 269
361 269
CREDITORS
Amounts falling due within one year 8 22,000 22,000
NET CURRENT LIABILITIES (21,639 ) (21,731 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,327

)

(14,548

)

PROVISIONS FOR LIABILITIES 9 1,009 1,346
NET LIABILITIES (17,336 ) (15,894 )

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 (18,336 ) (16,894 )
SHAREHOLDERS' FUNDS (17,336 ) (15,894 )

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

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

The director acknowledges her 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.

LANCASTER CONTRACTING LIMITED (REGISTERED NUMBER: 01862347)

BALANCE SHEET - continued
31 DECEMBER 2023


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 14 August 2024 and were signed by:





C M L Perring - Director


LANCASTER CONTRACTING LIMITED (REGISTERED NUMBER: 01862347)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Lancaster Contracting 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year 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 taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

LANCASTER CONTRACTING LIMITED (REGISTERED NUMBER: 01862347)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 1,540
AMORTISATION
At 1 January 2023
and 31 December 2023 1,540
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Intangible Fixed Assets are the capitalised costs incurred in the development of the company website.

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 44,209
DEPRECIATION
At 1 January 2023 37,126
Charge for year 1,771
At 31 December 2023 38,897
NET BOOK VALUE
At 31 December 2023 5,312
At 31 December 2022 7,083

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 100
Disposals (100 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 100

LANCASTER CONTRACTING LIMITED (REGISTERED NUMBER: 01862347)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS - continued

2023 2022

£ £
Investments in subsidiaries at cost - 100

At 31 December 2022 the company's investments comprised of shares in Allium Interior Solutions Ltd, which was incorporated in England and was wholly owned by Lancaster Contracting Ltd. This shareholding was transferred to Thameside Property Company Ltd, another company in the group, during the year.


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 361 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 22,000 22,000

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,009 1,346

Deferred
tax
£   
Balance at 1 January 2023 1,346
Credit to Income Statement during year (337 )
Balance at 31 December 2023 1,009

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Shares £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 January 2023 (16,894 )
Deficit for the year (1,442 )
At 31 December 2023 (18,336 )

LANCASTER CONTRACTING LIMITED (REGISTERED NUMBER: 01862347)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

12. RELATED PARTY DISCLOSURES

At the year end there was a balance of £22,000 (2022: £22,000) owing to Wayseal Properties Ltd, another company in the group.

At the year end there was a balance of £100 (2022: £Nil) due from Thameside Property Company Ltd, another company in the group.

At the year end there was a balance of £261 (2022: £Nil) due from Allium Interior Solutions Ltd, another company in the group.

13. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Wayseal Holdings Limited, registered in England, of which the ultimate controlling party is C M L Perring and M E J Thomas.

Wayseal Holdings Ltd is also the immediate parent company, within the group, which will draw up consolidated financial statements.

14. BALANCE SHEET POSITION

The Company's liabilities exceed its assets by £17,336. During the year ended 31st December 2023, the company continued to have the support from its shareholders and associated group companies.This being the case, the director is confident that the company can meet all of its financial obligations into the foreseeable future.