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REGISTERED NUMBER: 00689077 (England and Wales)















Unaudited Financial Statements for the Year Ended 27 February 2024

for

Law Brothers (Tours) Limited

Law Brothers (Tours) Limited (Registered number: 00689077)

Contents of the Financial Statements
for the Year Ended 27 February 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Law Brothers (Tours) Limited

Company Information
for the Year Ended 27 February 2024







DIRECTORS: Mr J D Wilson
Mrs S M Wilson



REGISTERED OFFICE: Queen Street Chambers
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



REGISTERED NUMBER: 00689077 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Santander UK
Bridle Road
Bootle
Merseyside
L30 4GB



SOLICITORS: Irwin Mitchell LLP
Riverside East
2 Millsands
Sheffield
South Yorkshire
S3 8DT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Law Brothers (Tours) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Law Brothers (Tours) Limited for the year ended 27 February 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Law Brothers (Tours) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Law Brothers (Tours) Limited and state those matters that we have agreed to state to the Board of Directors of Law Brothers (Tours) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Law Brothers (Tours) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Law Brothers (Tours) 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 profit of Law Brothers (Tours) Limited. You consider that Law Brothers (Tours) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Law Brothers (Tours) 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.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


12 September 2024

Law Brothers (Tours) Limited (Registered number: 00689077)

Balance Sheet
27 February 2024

27/2/24 27/2/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,670 8,848
Investment property 5 4,935,000 4,855,000
4,943,670 4,863,848

CURRENT ASSETS
Debtors 6 1,214,354 1,129,989
Cash at bank 343,220 345,368
1,557,574 1,475,357
CREDITORS
Amounts falling due within one year 7 (118,897 ) (93,642 )
NET CURRENT ASSETS 1,438,677 1,381,715
TOTAL ASSETS LESS CURRENT LIABILITIES 6,382,347 6,245,563

PROVISIONS FOR LIABILITIES (686,823 ) (666,867 )
NET ASSETS 5,695,524 5,578,696

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 5,694,524 5,577,696
5,695,524 5,578,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Law Brothers (Tours) Limited (Registered number: 00689077)

Balance Sheet - continued
27 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





Mr J D Wilson - Director


Law Brothers (Tours) Limited (Registered number: 00689077)

Notes to the Financial Statements
for the Year Ended 27 February 2024


1. STATUTORY INFORMATION

Law Brothers (Tours) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Government grants
Government grants relating to revenue expenditure are recognised in income on a systematic basis over the period in which the company recognises the related costs for which the grant is intended to compensate.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


Law Brothers (Tours) Limited (Registered number: 00689077)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Going concern
The accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 28 February 2023 14,677 27,000 - 41,677
Additions - - 2,123 2,123
At 27 February 2024 14,677 27,000 2,123 43,800
DEPRECIATION
At 28 February 2023 14,677 18,152 - 32,829
Charge for year - 1,770 531 2,301
At 27 February 2024 14,677 19,922 531 35,130
NET BOOK VALUE
At 27 February 2024 - 7,078 1,592 8,670
At 27 February 2023 - 8,848 - 8,848

Law Brothers (Tours) Limited (Registered number: 00689077)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 February 2023 4,855,000
Revaluations 80,000
At 27 February 2024 4,935,000
NET BOOK VALUE
At 27 February 2024 4,935,000
At 27 February 2023 4,855,000

Fair value at 27 February 2024 is represented by:
£   
Valuation in 2018 322,500
Valuation in 2019 700,000
Valuation in 2020 1,700,000
Valuation in 2021 54,020
Valuation in 2022 74,664
Valuation in 2024 80,000
Cost 2,003,816
4,935,000

If investment property had not been revalued it would have been included at the following historical cost:

27/2/24 27/2/23
£    £   
Cost 2,003,816 2,003,816

Investment property was valued on an open market basis on 27 February 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27/2/24 27/2/23
£    £   
Trade debtors 550 1,079
Amounts owed by group undertakings 1,200,661 1,123,766
Other debtors 13,143 5,144
1,214,354 1,129,989

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27/2/24 27/2/23
£    £   
Trade creditors 389 -
Taxation and social security 63,218 50,121
Other creditors 55,290 43,521
118,897 93,642

Law Brothers (Tours) Limited (Registered number: 00689077)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024


8. OTHER FINANCIAL COMMITMENTS

Law Brothers (Tours) Limited has provided a guarantee over the bank loans in it's parent company Law Brothers Limited.