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 6,971 5,459 12,430 12,430 6,971 xbrli:pure xbrli:shares iso4217:GBP 03563629 2023-01-01 2023-12-31 03563629 2023-12-31 03563629 2022-12-31 03563629 2022-01-01 2022-12-31 03563629 2022-12-31 03563629 2021-12-31 03563629 core:PlantMachinery 2023-01-01 2023-12-31 03563629 core:FurnitureFittings 2023-01-01 2023-12-31 03563629 bus:Director1 2023-01-01 2023-12-31 03563629 core:PlantMachinery 2022-12-31 03563629 core:FurnitureFittings 2022-12-31 03563629 core:LandBuildings 2023-12-31 03563629 core:PlantMachinery 2023-12-31 03563629 core:FurnitureFittings 2023-12-31 03563629 core:AfterOneYear 2023-12-31 03563629 core:AfterOneYear 2022-12-31 03563629 core:WithinOneYear 2023-12-31 03563629 core:WithinOneYear 2022-12-31 03563629 core:ShareCapital 2023-12-31 03563629 core:ShareCapital 2022-12-31 03563629 core:RetainedEarningsAccumulatedLosses 2023-12-31 03563629 core:RetainedEarningsAccumulatedLosses 2022-12-31 03563629 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 03563629 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 03563629 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 03563629 core:Non-currentFinancialInstruments 2023-12-31 03563629 core:Non-currentFinancialInstruments 2022-12-31 03563629 core:LandBuildings 2022-12-31 03563629 core:PlantMachinery 2022-12-31 03563629 core:FurnitureFittings 2022-12-31 03563629 bus:Director1 2022-12-31 03563629 bus:Director1 2021-12-31 03563629 bus:SmallEntities 2023-01-01 2023-12-31 03563629 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03563629 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03563629 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03563629 bus:FullAccounts 2023-01-01 2023-12-31 03563629 core:Associate1 2023-01-01 2023-12-31 03563629 core:Associate2 2023-01-01 2023-12-31 03563629 core:ComputerEquipment 2023-01-01 2023-12-31 03563629 core:ComputerEquipment 2023-12-31 03563629 core:ComputerEquipment 2022-12-31 03563629 core:Associate1 2023-12-31 03563629 core:Associate1 2022-12-31 03563629 core:Associate2 2023-12-31 03563629 core:Associate2 2022-12-31
COMPANY REGISTRATION NUMBER: 03563629
Mr Lawrence Limited
Filleted Unaudited Financial Statements
31 December 2023
Mr Lawrence Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
44,727
45,385
Investments
5
12,430
6,971
--------
--------
57,157
52,356
Current assets
Debtors
6
96
1,568
Investments
7
10,393
1,718
Cash at bank and in hand
154
1,834
--------
-------
10,643
5,120
Creditors: amounts falling due within one year
8
53,206
54,738
--------
--------
Net current liabilities
42,563
49,618
--------
--------
Total assets less current liabilities
14,594
2,738
Creditors: amounts falling due after more than one year
9
37,700
37,700
--------
--------
Net liabilities
( 23,106)
( 34,962)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 23,206)
( 35,062)
--------
--------
Shareholders deficit
( 23,106)
( 34,962)
--------
--------
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 income and retained earnings 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 .
Mr Lawrence Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 17 September 2024 , and are signed on behalf of the board by:
Mr G S Lawrence
Director
Company registration number: 03563629
Mr Lawrence Limited
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 East Lodge Bedlars Green, Great Hallingbury, Bishop's Stortford, CM22 7TL, England.
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 properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the financial period end date, the company's liabilities exceeded its assets by £35,062. However, the directors are offering continued support to the company and therefore, feel that is appropriate to adopt the going concern basis for preparing these financial statements.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Computer equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Computer Equipment
Total
£
£
£
£
£
Cost
At 1 January 2023 and 31 December 2023
42,754
2,983
103,318
1,043
150,098
--------
-------
---------
-------
---------
Depreciation
At 1 January 2023
2,584
101,086
1,043
104,713
Charge for the year
100
558
658
--------
-------
---------
-------
---------
At 31 December 2023
2,684
101,644
1,043
105,371
--------
-------
---------
-------
---------
Carrying amount
At 31 December 2023
42,754
299
1,674
44,727
--------
-------
---------
-------
---------
At 31 December 2022
42,754
399
2,232
45,385
--------
-------
---------
-------
---------
5. Investments
Other investments other than loans
£
Cost
At 1 January 2023
6,971
Additions
5,459
--------
At 31 December 2023
12,430
--------
Impairment
At 1 January 2023 and 31 December 2023
--------
Carrying amount
At 31 December 2023
12,430
--------
At 31 December 2022
6,971
--------
6. Debtors
2023
2022
£
£
Other debtors
96
1,568
----
-------
7. Investments
2023
2022
£
£
Other investments - Interactive Investor Share Trading Account
10,393
1,718
--------
-------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
464
1,996
Other creditors
52,742
52,742
--------
--------
53,206
54,738
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
37,700
37,700
--------
--------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
2023
2022
£
£
Mr G S Lawrence
( 26,199)
( 26,199)
--------
--------
11. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2023
2022
2023
2022
£
£
£
£
Propstock Limited
22,700
22,700
Mr Lawrence Wine Merchant Limited
15,000
15,000
----
----
--------
--------
At the balance sheet date a loan of £15,000 (2022 - £15,000) was owed by the company to Mr Lawrence Wine Merchant Limited, a company registered in England & Wales and under the control of Dulwich Management & Letting Limited. At the balance sheet date a loan of £22,700 (2022 - £22,700) was owed by the company to Propstock Limited, a company registered in England & Wales and under the control of Mr Lawrence Limited .
12. Ultimate controlling party
Ms Bridie Tooher and Ms Cara Tooher is in ultimate control of the company as they owns 100% of the issued share capital.