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Registration number: 13429246

Londar Holdings Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Londar Holdings Limited

(Registration number: 13429246)

Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

156,914

156,914

Investments

4

200

200

 

157,114

157,114

Current assets

 

Debtors

5

820

6,514

Cash at bank and in hand

 

1,717

11,461

 

2,537

17,975

Creditors: Amounts falling due within one year

6

(1,727)

(1,642)

Net current assets

 

810

16,333

Total assets less current liabilities

 

157,924

173,447

Creditors: Amounts falling due after more than one year

6

(157,341)

(171,568)

Net assets

 

583

1,879

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

483

1,779

Shareholders' funds

 

583

1,879

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Londar Holdings Limited

(Registration number: 13429246)

Balance Sheet as at 29 February 2024

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities.

These financial statements were approved and authorised for issue by the Board on 17 August 2024 and signed on its behalf by:
 

.........................................

Mr M H Hudson
Director

 

Londar Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

Accounting policies

Londar Holdings Limited is a private company, limited by shares, domiciled in England and Wales, company number 13429246. The registered office is at Unit 4, Barrowfield Business Park, Barrowfield Road,Thurnscoe, Rotherham, S63 0BF.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in statement of income and retained earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Londar Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Not depreciated

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Londar Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Tangible assets

Land and buildings
£

Total
£

Cost

At 1 March 2023

156,914

156,914

At 29 February 2024

156,914

156,914

Carrying amount

At 29 February 2024

156,914

156,914

At 28 February 2023

156,914

156,914

Included within the net book value of land and buildings above is £156,914 (2023 - £156,914) in respect of freehold land and buildings.
 

4

Investments

2024
£

2023
£

Investments in subsidiaries

200

200

Subsidiaries

£

Cost

At 1 March 2023 and 29 February 2024

200

Carrying amount

At 29 February 2024

200

At 28 February 2023

200

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Londar Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Lonson Engineering Ltd

England

Ordinary

100%

100%

Darfield Motor Controls Ltd

England

Ordinary

100%

100%

Subsidiary undertakings

Lonson Engineering Ltd

The principal activity of Lonson Engineering Ltd is Other business support activities.

Darfield Motor Controls Ltd

The principal activity of Darfield Motor Controls Ltd is Repair of electrical equipment.

 

Londar Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Debtors

2024
£

2023
£

Prepayments

359

416

Other debtors

461

6,098

820

6,514

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,310

1,225

Directors Loan Account

417

417

1,727

1,642

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Owed by group undertakings

157,341

171,568