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Registered number: 05503041
Lampard Residentials Limited
Financial Statements
For The Year Ended 31 December 2023
Fairman Harris
1 Landor Road
London
SW9 9RX
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05503041
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 220,000 220,000
220,000 220,000
CURRENT ASSETS
Debtors 5 - 1,268
- 1,268
Creditors: Amounts Falling Due Within One Year 6 (46,196 ) (36,894 )
NET CURRENT ASSETS (LIABILITIES) (46,196 ) (35,626 )
TOTAL ASSETS LESS CURRENT LIABILITIES 173,804 184,374
Creditors: Amounts Falling Due After More Than One Year 7 (168,953 ) (168,953 )
NET ASSETS 4,851 15,421
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 42,125 42,125
Profit and Loss Account (37,276 ) (26,706 )
SHAREHOLDERS' FUNDS 4,851 15,421
Page 1
Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S K Mall
Director
16 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lampard Residentials Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05503041 . The registered office is 122 Hill House, 210 Upper Richmond Road, London, SW15 6NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 January 2023 220,000
As at 31 December 2023 220,000
Net Book Value
As at 31 December 2023 220,000
As at 1 January 2023 220,000
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 1,268
- 1,268
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,240 -
Bank loans and overdrafts 2,986 937
Other creditors 630 630
Accruals and deferred income 690 690
Directors' loan accounts 38,650 34,637
46,196 36,894
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 168,953 168,953
168,953 168,953
The above loan is secured with the property.
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
As at 1 January 2023 42,125
As at 31 December 2023 42,125
10. Ultimate Controlling Party
The company has no ultimate controlling party due to the equal shareholding.
Page 4