Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01falseProperty Investment22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13292837 2023-04-01 2024-03-31 13292837 2022-04-01 2023-03-31 13292837 2024-03-31 13292837 2023-03-31 13292837 c:Director1 2023-04-01 2024-03-31 13292837 d:CurrentFinancialInstruments 2024-03-31 13292837 d:CurrentFinancialInstruments 2023-03-31 13292837 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13292837 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13292837 d:ShareCapital 2024-03-31 13292837 d:ShareCapital 2023-03-31 13292837 d:RetainedEarningsAccumulatedLosses 2024-03-31 13292837 d:RetainedEarningsAccumulatedLosses 2023-03-31 13292837 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13292837 c:OrdinaryShareClass1 2024-03-31 13292837 c:OrdinaryShareClass1 2023-03-31 13292837 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13292837 c:OrdinaryShareClass2 2024-03-31 13292837 c:OrdinaryShareClass2 2023-03-31 13292837 c:OrdinaryShareClass3 2023-04-01 2024-03-31 13292837 c:OrdinaryShareClass3 2024-03-31 13292837 c:OrdinaryShareClass3 2023-03-31 13292837 c:FRS102 2023-04-01 2024-03-31 13292837 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13292837 c:FullAccounts 2023-04-01 2024-03-31 13292837 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13292837 2 2023-04-01 2024-03-31 13292837 6 2023-04-01 2024-03-31 13292837 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13292837










Langdon Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2024





 
Langdon Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Langdon Limited for the year ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Langdon Limited for the year ended 31 March 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Langdon Limited, as a body, in accordance with the terms of our engagement letter dated 26 June 2024Our work has been undertaken solely to prepare for your approval the financial statements of Langdon Limited and state those matters that we have agreed to state to the Board of directors of Langdon Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Langdon Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Langdon Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Langdon Limited. You consider that Langdon Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Langdon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
2 August 2024
Page 1

 
Langdon Limited
Registered number: 13292837

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
181,067
155,301

  
181,067
155,301

Current assets
  

Cash at bank and in hand
  
299
93,589

  
299
93,589

Creditors: amounts falling due within one year
 5 
(114,629)
(181,618)

Net current liabilities
  
 
 
(114,330)
 
 
(88,029)

Total assets less current liabilities
  
66,737
67,272

  

Net assets
  
66,737
67,272


Capital and reserves
  

Called up share capital 
 6 
300
300

Profit and loss account
  
66,437
66,972

  
66,737
67,272


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 August 2024.




Simon Thomas Pound
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Langdon Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

Langdon Limited is a private company limited by shares and is incorporated in England and Wales with a registration number 13292837. The registered office is 37 St Margaret's Street, Canterbury Kent, CT1 2TU.
The financial statements are presented in pound sterling and rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
Langdon Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
Langdon Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate
Page 5

 
Langdon Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2023
155,301


Net movement
25,766



At 31 March 2024
181,067




Page 6

 
Langdon Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
113,909
179,188

Accruals and deferred income
720
2,430

114,629
181,618



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary A shares of £1.00 each
100
100
100 (2023 - 100) Ordinary B shares of £1.00 each
100
100
100 (2023 - 100) Ordinary C shares of £1.00 each
100
100

300

300



7.


Controlling party

The controlling party of the company is LCPI Ltd by virture of their majority shareholding. 


Page 7