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Registration number: 01598815

Lawson Court Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Lawson Court Management Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Lawson Court Management Limited

Company Information

Directors

Mr E Neilson

Mr R W Batty

Mr A R Smith

Company secretary

Mr R W Batty

Registered office

192B Little High Street
Hull
East Yorkshire
HU1 1HA

 

Lawson Court Management Limited

(Registration number: 01598815)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

813

1,016

 

813

1,016

Current assets

 

Debtors

6

2,474

4,567

Leasehold extension fund

48,871

2,684

Cash at bank and in hand

 

33,409

25,912

 

84,754

33,163

Creditors: Amounts falling due within one year

7

(50,785)

(4,476)

Net current assets

 

33,969

28,687

Total assets less current liabilities

 

34,782

29,703

Provisions for liabilities

(2)

-

Net assets

 

34,780

29,703

Capital and reserves

 

Called up share capital

39

39

Retained earnings

34,741

29,664

Shareholders' funds

 

34,780

29,703

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

 

Lawson Court Management Limited

(Registration number: 01598815)
Balance Sheet as at 31 December 2023

.........................................
Mr E Neilson
Director

 

Lawson Court Management Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
192B Little High Street
Hull
East Yorkshire
HU1 1HA

These financial statements were authorised for issue by the Board on 9 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue is received on a six monthly basis from tenants. Revenue is recognised upon receipt of monies due from the tenants.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 the 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.

 

Lawson Court Management Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

20% reducing balance

Improvements to property

20% reducing balance

Office equipment

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Lawson Court Management Limited

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

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

204

254

5

Tangible assets

Furniture, fittings and equipment
 £

Improvements to property
 £

Total
£

Cost or valuation

At 1 January 2023

5,940

11,442

17,382

At 31 December 2023

5,940

11,442

17,382

Depreciation

At 1 January 2023

5,285

11,081

16,366

Charge for the year

131

72

203

At 31 December 2023

5,416

11,153

16,569

Carrying amount

At 31 December 2023

524

289

813

At 31 December 2022

655

361

1,016

6

Debtors

Current

2023
£

2022
£

Trade debtors

608

456

Prepayments

1,475

1,400

Other debtors

391

2,711

 

2,474

4,567

 

Lawson Court Management Limited

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

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

535

700

Taxation and social security

255

-

Accruals and deferred income

6,437

3,776

Other creditors

43,558

-

50,785

4,476