Registered number
01901207
Lawminster Limited
Unaudited Filleted financial statements
31 March 2024
Lawminster Limited
Registered number: 01901207
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,800,000 1,800,000
Current assets
Debtors 4 6,632 6,643
Cash at bank and in hand 1,031 15,535
7,663 22,178
Creditors: amounts falling due within one year 5 (438,348) (442,103)
Net current liabilities (430,685) (419,925)
Total assets less current liabilities 1,369,315 1,380,075
Provisions for liabilities (349,496) (349,496)
Net assets 1,019,819 1,030,579
Capital and reserves
Called up share capital 50 50
P&L - Non-distributable reserves 1,048,489 1,048,489
Profit and loss account (28,720) (17,960)
Shareholders' funds 1,019,819 1,030,579
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved and signed on behalf of the board on:
George Odysseos
Director
Signed on behalf of the board on 31 July 2024
Lawminster Limited
Notes to the financial statements
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
Lawminster Limited is a company limited by shares incorporated in England within the United Kingdom. The registration number, the principle place of business and the registered office adresses are given in the company information on page 1 of these financial statements.

The financial statements cover the individual entity, are presented in sterling which is the functional currency of the company and are not rounded.

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The significant accounting policies applied in the preparation of these financial statements are set out below. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments properties
Investment properties are stated at fair market valuations. Surplus or deficits arising on the revaluation are transferred to the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Equipment, Fixtures & Fittings Total
£ £ £
Cost
At 1 April 2023 1,800,000 5,520 1,805,520
At 31 March 2024 1,800,000 5,520 1,805,520
Depreciation
At 1 April 2023 - 5,520 5,520
At 31 March 2024 - 5,520 5,520
Net book value
At 31 March 2024 1,800,000 - 1,800,000
At 31 March 2023 1,800,000 - 1,800,000
4 Debtors 2024 2023
£ £
Other debtors 6,632 6,643
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 3,800 7,555
Other creditors 434,548 434,548
438,348 442,103
6 Other information
Lawminster Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor
10 - 12 Bourlet Close
London
W1W 7BR
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