REGISTERED NUMBER: 00070813 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Lankester And Crook Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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

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

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 ) .

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 .

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.