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REGISTERED NUMBER: 11175247 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

LAMONT ESTATES LIMITED

LAMONT ESTATES LIMITED (REGISTERED NUMBER: 11175247)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAMONT ESTATES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J E Billingham



REGISTERED OFFICE: JQ1
32 George Street
Birmingham
B3 1QG



REGISTERED NUMBER: 11175247 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Barclays Bank PLC
Leicester
LE87 2BB

LAMONT ESTATES LIMITED (REGISTERED NUMBER: 11175247)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,258 -

CURRENT ASSETS
Debtors 5 93,408 285,028
Cash at bank 1,176,472 569,512
1,269,880 854,540
CREDITORS
Amounts falling due within one year 6 301,230 137,809
NET CURRENT ASSETS 968,650 716,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

977,908

716,731

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 977,906 716,729
977,908 716,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2024 and were signed by:





J E Billingham - Director


LAMONT ESTATES LIMITED (REGISTERED NUMBER: 11175247)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Lamont Estates 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.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Tangible fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

LAMONT ESTATES LIMITED (REGISTERED NUMBER: 11175247)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 11,573
At 31 December 2023 11,573
DEPRECIATION
Charge for year 2,315
At 31 December 2023 2,315
NET BOOK VALUE
At 31 December 2023 9,258

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,528 13,148
Amounts owed by group undertakings - 2
Amounts owed by related party companies 49,704 234,258
Other debtors 26,176 37,620
93,408 285,028

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 6,618 8,139
Amounts owed to group undertakings 19,998 -
Taxation and social security 130,015 118,523
Other creditors 144,599 11,147
301,230 137,809

7. ULTIMATE CONTROLLING PARTY

The controlling party is Prosperity Wealth Group Limited.

The ultimate controlling party is J E Billingham.