Registered number
03745401
Lawlock Limited
Filleted Accounts
for the year ended
30 April 2024
Lawlock Limited
Registered number: 03745401
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 582,704 582,215
Current assets
Debtors 4 352,382 352,051
Cash at bank and in hand 145,751 167,388
498,133 519,439
Creditors: amounts falling due within one year 5 (94,357) (113,244)
Net currentt assets (liabilities) 403,776 406,195
Total assets less current liabilities 986,480 988,410
Provisions for liabilities (426) (412)
Net assets 986,054 987,998
Capital and reserves
Called up share capital 10,000 10,000
Revaluation reserve 6 307,561 307,561
Profit and loss account 668,493 670,437
Shareholder's funds 986,054 987,998
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M K Scarborough Taylor
Director
Approved by the board on 16 September 2024
Lawlock Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of investment property and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rental inome receivable for the accounting period, exclusive of value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 4 years
Investments
The company's freehold property is held for long term and is included in the balance sheet at its open market value based on valuations made by the director. Additions to property include costs and improvements of a capital nature only. Interest and other property outgoings are written off to the profit and loss account as incurred.

Investment properties are valued annually and any surplus or deficit on revaluation is transferred to the revaluation reserve. No depreciation is provided on investment property and the director considers that this policy is necessary in order for the financial statements to show a true and fair view.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Office equipment Total
£ £ £
Cost
At 1 May 2023 580,154 8,063 588,217
Additions - 1,339 1,339
At 30 April 2024 580,154 9,402 589,556
Depreciation
At 1 May 2023 - 6,002 6,002
Charge for the year - 850 850
At 30 April 2024 - 6,852 6,852
Net book value
At 30 April 2024 580,154 2,550 582,704
At 30 April 2023 580,154 2,061 582,215
4 Debtors 2024 2023
£ £
Other debtors 352,382 352,051
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 47,236 49,177
Taxation and social security costs 9,908 1,914
Other creditors 37,213 62,153
94,357 113,244
6 Revaluation reserve 2024 2023
£ £
At 1 May 2023 307,561 307,561
At 30 April 2024 307,561 307,561
7 Related party transactions
The company has trading balances with other companies in which the director has an interest. At the balance sheet date the company was owed £352,382 (2023: £352,051). An amount of £8,880 (2023: £8,880) was chargeable as property management fees by Scarborough Taylor & Son.
8 Controlling party
The controlling party is Mr M.K. Scarborough-Taylor
9 Other information
Lawlock Limited is a private company limited by shares and incorporated in England. Its registered office is:
Samples Farm, Ashfield Green
Wickhambrook
Newmarket
Suffolk
CB8 8UZ
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