Company Registration No. 03989587 (England and Wales)
Lamron Developments Management Estates Limited
Unaudited financial statements
For the year ended 31 December 2023
Pages for filing with registrar
LAMRON DEVELOPMENTS MANAGEMENT ESTATES LIMITED
Lamron Developments Management Estates Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LAMRON DEVELOPMENTS MANAGEMENT ESTATES LIMITED
Lamron Developments Management Estates Limited
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
196,082
168,797
Debtors
3
729,886
733,512
Cash at bank and in hand
456
2,916
926,424
905,225
Creditors: amounts falling due within one year
4
(1,572,992)
(1,522,748)
Net current liabilities
(646,568)
(617,523)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(646,570)
(617,525)
Total equity
(646,568)
(617,523)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 11 September 2024 and are signed on its behalf by:
M M S McPhail
Director
Company registration number 03989587 (England and Wales)
LAMRON DEVELOPMENTS MANAGEMENT ESTATES LIMITED
Lamron Developments Management Estates Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Lamron Developments Management Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available from related entities to enable the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.true
1.3
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
LAMRON DEVELOPMENTS MANAGEMENT ESTATES LIMITED
Lamron Developments Management Estates Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amount owed by related parties
729,884
731,845
Other debtors
2
1,667
729,886
733,512
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,200
9,049
Amounts owed to related parties
1,130,786
1,100,587
Other creditors
441,006
413,112
1,572,992
1,522,748