0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,600,000 2,600,000 2,600,000 xbrli:pure xbrli:shares iso4217:GBP 07393600 2023-01-01 2023-12-31 07393600 2023-12-31 07393600 2022-12-31 07393600 2022-01-01 2022-12-31 07393600 2022-12-31 07393600 2021-12-31 07393600 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07393600 bus:Director1 2023-01-01 2023-12-31 07393600 core:WithinOneYear 2023-12-31 07393600 core:WithinOneYear 2022-12-31 07393600 core:AfterOneYear 2022-12-31 07393600 core:ShareCapital 2023-12-31 07393600 core:ShareCapital 2022-12-31 07393600 core:RevaluationReserve 2023-12-31 07393600 core:RevaluationReserve 2022-12-31 07393600 core:RetainedEarningsAccumulatedLosses 2023-12-31 07393600 core:RetainedEarningsAccumulatedLosses 2022-12-31 07393600 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 07393600 core:Non-currentFinancialInstruments 2023-12-31 07393600 core:Non-currentFinancialInstruments 2022-12-31 07393600 bus:SmallEntities 2023-01-01 2023-12-31 07393600 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07393600 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07393600 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07393600 bus:FullAccounts 2023-01-01 2023-12-31 07393600 bus:OrdinaryShareClass1 2023-12-31 07393600 bus:OrdinaryShareClass1 2022-12-31
COMPANY REGISTRATION NUMBER: 07393600
LAWLEY PROPERTIES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
LAWLEY PROPERTIES LTD
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Investments
5
2,600,000
2,600,000
CURRENT ASSETS
Cash at bank and in hand
1
8
CREDITORS: amounts falling due within one year
6
1,366,166
101,514
------------
---------
NET CURRENT LIABILITIES
1,366,165
101,506
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,233,835
2,498,494
CREDITORS: amounts falling due after more than one year
7
1,361,329
PROVISIONS
Taxation including deferred tax
129,562
125,998
------------
------------
NET ASSETS
1,104,273
1,011,167
------------
------------
CAPITAL AND RESERVES
Called up share capital
8
2
2
Fair value reserve
( 188,880)
( 185,316)
Profit and loss account
1,293,151
1,196,481
------------
------------
SHAREHOLDERS FUNDS
1,104,273
1,011,167
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LAWLEY PROPERTIES LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 10 September 2024 , and are signed on behalf of the board by:
Mr J Mitchell
Director
Company registration number: 07393600
LAWLEY PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Muras Baker Jones, Regent House, Bath Avenue, Wolverhampton, WV1 4EG.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment property measured at fair value through the income statement. The financial statements are prepared in Sterling, which is the functional currency of the company. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
Turnover represents annual rentals as charged on the occupancy of the property in the year.
Tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 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.
Investments
Investment properties are included at open market value as determined by the directors.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements, 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 entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022:2)
5. INVESTMENTS
Investment property
£
Valuation
At 1 January 2023 and 31 December 2023
2,600,000
------------
Impairment
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
2,600,000
------------
At 31 December 2022
2,600,000
------------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
79,965
Trade creditors
2,207
Corporation tax
23,786
14,142
Other creditors
1,342,380
5,200
------------
---------
1,366,166
101,514
------------
---------
Included within creditors: amounts falling due within one year is a secured amount of £Nil (2022: £79,965). This amount is secured on the investment property shown at Note 5.
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,361,329
----
------------
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2022: £1,361,329). This amount is secured on the investment property shown at Note 5.
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2022: £992,805) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
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