1 June 2023 false No description of principal activity Taxfiler 2024.5 10200317business:PrivateLimitedCompanyLtd2023-06-012024-05-31 102003172023-05-31 102003172023-06-012024-05-31 10200317business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 10200317business:FilletedAccounts2023-06-012024-05-31 102003172024-05-31 10200317business:Director12023-06-012024-05-31 10200317business:Director22023-06-012024-05-31 10200317business:Director32023-06-012024-05-31 10200317business:RegisteredOffice2023-06-012024-05-31 102003172023-05-31 10200317core:WithinOneYear2024-05-31 10200317core:WithinOneYear2023-05-31 10200317core:AfterOneYear2024-05-31 10200317core:AfterOneYear2023-05-31 10200317core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 10200317core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10200317core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 10200317core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10200317core:PreviouslyStatedAmount2024-05-31 10200317core:PreviouslyStatedAmount2023-05-31 10200317business:SmallEntities2023-06-012024-05-31 10200317countries:EnglandWales2023-06-012024-05-31 10200317core:PlantMachinery2023-06-012024-05-31 10200317core:PlantMachinery2023-05-31 10200317core:PlantMachinery2024-05-31 10200317business:Director112023-06-012024-05-31 10200317business:Director112023-05-31 10200317business:Director112024-05-31 102003172022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10200317 (England and Wales)
Lapwing International Limited Unaudited accounts for the year ended 31 May 2024
Lapwing International Limited Unaudited accounts Contents
Page
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Lapwing International Limited Company Information for the year ended 31 May 2024
Directors
E P S Leask M W Leask C M Leask
Company Number
10200317 (England and Wales)
Registered Office
47a Eastern Parade Southsea PO4 9RE
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Lapwing International Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
449,718 
- 
Current assets
Inventories
5,000 
- 
Debtors
22,705 
- 
Cash at bank and in hand
6,329 
105,498 
34,034 
105,498 
Creditors: amounts falling due within one year
(301,126)
(159,371)
Net current liabilities
(267,092)
(53,873)
Total assets less current liabilities
182,626 
(53,873)
Creditors: amounts falling due after more than one year
(235,000)
- 
Net liabilities
(52,374)
(53,873)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(52,474)
(53,973)
Shareholders' funds
(52,374)
(53,873)
For the year ending 31 May 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by
E P S Leask Director Company Registration No. 10200317
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Lapwing International Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Lapwing International Limited is a private company, limited by shares, registered in England and Wales, registration number 10200317. The registered office is 47a Eastern Parade, Southsea, PO4 9RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation will be provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
57,213 
At 31 May 2024
57,213 
Depreciation
At 1 June 2023
57,213 
At 31 May 2024
57,213 
Net book value
At 31 May 2024
- 
5
Investment property
2024 
£ 
Additions
449,718 
At 31 May 2024
449,718 
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Lapwing International Limited Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,705 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
32,500 
VAT
- 
20,564 
Trade creditors
53,748 
105,857 
Other creditors
1,903 
- 
Loans from directors
245,000 
- 
Accruals
475 
450 
301,126 
159,371 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
235,000 
- 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ditrector's Loan
- 
(245,000)
- 
(245,000)
- 
(245,000)
- 
(245,000)
The Director has loaned the company £245,000
10
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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