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Registered number: 09988828
Lampard Grove Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09988828
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 359 359
Investment Properties 5 321,052 321,052
321,411 321,411
CURRENT ASSETS
Debtors 6 587,788 589,789
Cash at bank and in hand 15,889 31,133
603,677 620,922
Creditors: Amounts Falling Due Within One Year 7 (1,129,813 ) (1,139,501 )
NET CURRENT ASSETS (LIABILITIES) (526,136 ) (518,579 )
TOTAL ASSETS LESS CURRENT LIABILITIES (204,725 ) (197,168 )
Creditors: Amounts Falling Due After More Than One Year 8 (26,658 ) (36,514 )
NET LIABILITIES (231,383 ) (233,682 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (231,384 ) (233,683 )
SHAREHOLDERS' FUNDS (231,383) (233,682)
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Marc Adler
Director
20/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lampard Grove Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09988828 . The registered office is 23a Lampard Grove, London, N16 6XA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25%
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 1,514
As at 31 December 2023 1,514
Depreciation
As at 1 January 2023 1,155
As at 31 December 2023 1,155
Net Book Value
As at 31 December 2023 359
As at 1 January 2023 359
Page 3
Page 4
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 321,052
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,084 634
Other debtors 584,704 589,155
587,788 589,789
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 699
Other creditors 1,128,487 1,138,802
Tenant security deposit held 1,326 -
1,129,813 1,139,501
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 26,658 36,514
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Marc Adler - 15,000
Page 4