IRIS Accounts Production v24.1.9.2 00070813 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh000708132023-04-30000708132024-04-30000708132023-05-012024-04-30000708132022-04-30000708132022-05-012023-04-30000708132023-04-3000070813ns15:EnglandWales2023-05-012024-04-3000070813ns14:PoundSterling2023-05-012024-04-3000070813ns10:Director12023-05-012024-04-3000070813ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3000070813ns10:SmallEntities2023-05-012024-04-3000070813ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3000070813ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3000070813ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3000070813ns10:FullAccounts2023-05-012024-04-3000070813ns10:Director22023-05-012024-04-3000070813ns10:RegisteredOffice2023-05-012024-04-3000070813ns5:CurrentFinancialInstruments2024-04-3000070813ns5:CurrentFinancialInstruments2023-04-3000070813ns5:ShareCapital2024-04-3000070813ns5:ShareCapital2023-04-3000070813ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3000070813ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3000070813ns5:RetainedEarningsAccumulatedLosses2024-04-3000070813ns5:RetainedEarningsAccumulatedLosses2023-04-3000070813ns5:PlantMachinery2023-05-012024-04-3000070813ns5:MotorVehicles2023-05-012024-04-3000070813ns5:PlantMachinery2023-04-3000070813ns5:MotorVehicles2023-04-3000070813ns5:PlantMachinery2024-04-3000070813ns5:MotorVehicles2024-04-3000070813ns5:PlantMachinery2023-04-3000070813ns5:MotorVehicles2023-04-3000070813ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3000070813ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3000070813ns5:AcceleratedTaxDepreciationDeferredTax2024-04-3000070813ns5:AcceleratedTaxDepreciationDeferredTax2023-04-3000070813ns5:DeferredTaxation2023-04-3000070813ns5:DeferredTaxation2024-04-30
REGISTERED NUMBER: 00070813 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Lankester And Crook Limited

Lankester And Crook Limited (Registered number: 00070813)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lankester And Crook Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr S E Danby
Mrs S J Danby





REGISTERED OFFICE: Bennett House
The Dean
Alresford
Hampshire
SO24 9BH





REGISTERED NUMBER: 00070813 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Lankester And Crook Limited (Registered number: 00070813)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,551 11,116
Investment property 5 1,980,000 1,980,000
1,990,551 1,991,116

CURRENT ASSETS
Debtors 6 5,247 50,108
Cash at bank 201,327 175,691
206,574 225,799
CREDITORS
Amounts falling due within one year 7 135,206 147,802
NET CURRENT ASSETS 71,368 77,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,061,919

2,069,113

PROVISIONS FOR LIABILITIES 8 305,149 305,098
NET ASSETS 1,756,770 1,764,015

CAPITAL AND RESERVES
Called up share capital 66,935 66,935
Fair value reserve - non-distributable 1,302,975 1,302,975
Retained earnings 386,860 394,105
SHAREHOLDERS' FUNDS 1,756,770 1,764,015

Lankester And Crook Limited (Registered number: 00070813)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr S E Danby - Director


Lankester And Crook Limited (Registered number: 00070813)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% reducing balance basis
Motor vehicles - 20% reducing balance basis

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

Lankester And Crook Limited (Registered number: 00070813)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 May 2023 6,682 17,065 23,747
Additions 1,811 - 1,811
At 30 April 2024 8,493 17,065 25,558
DEPRECIATION
At 1 May 2023 4,304 8,327 12,631
Charge for year 628 1,748 2,376
At 30 April 2024 4,932 10,075 15,007
NET BOOK VALUE
At 30 April 2024 3,561 6,990 10,551
At 30 April 2023 2,378 8,738 11,116

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,980,000
NET BOOK VALUE
At 30 April 2024 1,980,000
At 30 April 2023 1,980,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2010 1,144,779
Valuation in 2016 134,391
Valuation in 2018 97,000
Valuation in 2023 232,442
Cost 371,388
1,980,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 371,388 371,388

Investment property was valued on a fair value basis on 30 April 2023 by Primmer Olds .

Lankester And Crook Limited (Registered number: 00070813)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,460 47,539
Prepayments 2,787 2,569
5,247 50,108

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,980 4
Corporation tax 9,575 19,130
VAT 5,781 12,452
Other creditors 691 236
Deposits held 35,729 38,718
Accrued expenses and prepaid income 81,450 77,262
135,206 147,802

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances (487 ) (538 )
Investment property revaluations 305,636 305,636
305,149 305,098

Deferred
tax
£   
Balance at 1 May 2023 305,098
Accelerated capital allowances 51
Balance at 30 April 2024 305,149

9. RELATED PARTY DISCLOSURES

Marshall Westbourne Limited
A company in which Mr S E Danby and Mrs S J Danby are shareholders

During the period under review the company incurred expenses on behalf of its parent company Marshall Westbourne Limited amounting to £563 (2023 - £575).

During the year dividends of £47,531 (2023 - £43,000) were paid to Marshall Westbourne Limited.

10. ULTIMATE CONTROLLING PARTY

During the period under review the company was under the immediate control of Marshall Westbourne Limited, a company incorporated in England and Wales, because of its ownership of 100% of the share capital of the company.

Mr S E Danby and Mrs S J Danby, both directors of the company, are the ultimate controlling parties by virtue of their shareholdings in Marshall Westbourne Limited.