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REGISTERED NUMBER: 06702954 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Lenton Developments Limited

Lenton Developments Limited (Registered number: 06702954)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Lenton Developments Limited

Company Information
for the year ended 31 December 2023







Director: S J Heslop





Registered office: Unit 1 Park Farm Industrial Unit
Longstone Lane
Bakewell
Derbyshire
DE45 1NH





Registered number: 06702954 (England and Wales)





Accountants: Chris Edwards
Chartered Accountants
Clamarpen 17 Napier Court
Gander Lane
Barlborough
Chesterfield
Derbyshire
S43 4PZ

Lenton Developments Limited (Registered number: 06702954)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 1,250
Tangible assets 5 6,316,726 4,018,951
Investments 6 227,156 227,156
6,543,882 4,247,357

Current assets
Debtors 7 416,493 1,122,073
Cash at bank 400,932 745,330
817,425 1,867,403
Creditors
Amounts falling due within one year 8 1,415,995 781,216
Net current (liabilities)/assets (598,570 ) 1,086,187
Total assets less current liabilities 5,945,312 5,333,544

Creditors
Amounts falling due after more than one
year

9

(3,930,000

)

(3,478,892

)

Provisions for liabilities (176,332 ) (85,402 )
Net assets 1,838,980 1,769,250

Capital and reserves
Called up share capital 1,111 1,111
Retained earnings 1,837,869 1,768,139
1,838,980 1,769,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Lenton Developments Limited (Registered number: 06702954)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





S J Heslop - Director


Lenton Developments Limited (Registered number: 06702954)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Lenton Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 24 ) .

Lenton Developments Limited (Registered number: 06702954)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 January 2023
and 31 December 2023 5,000
Amortisation
At 1 January 2023 3,750
Charge for year 1,250
At 31 December 2023 5,000
Net book value
At 31 December 2023 -
At 31 December 2022 1,250

5. TANGIBLE FIXED ASSETS
Fixtures
Land & Plant and and Computer
buildings machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 3,998,516 244,078 555,816 1,550 4,799,960
Additions 1,755,153 589,685 70,972 - 2,415,810
At 31 December 2023 5,753,669 833,763 626,788 1,550 7,215,770
Depreciation
At 1 January 2023 361,903 116,167 301,633 1,306 781,009
Charge for year 51,571 29,084 37,136 244 118,035
At 31 December 2023 413,474 145,251 338,769 1,550 899,044
Net book value
At 31 December 2023 5,340,195 688,512 288,019 - 6,316,726
At 31 December 2022 3,636,613 127,911 254,183 244 4,018,951

6. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 January 2023
and 31 December 2023 331,194
Provisions
At 1 January 2023
and 31 December 2023 104,038
Net book value
At 31 December 2023 227,156
At 31 December 2022 227,156

Lenton Developments Limited (Registered number: 06702954)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,401 21,652
Amounts owed by group undertakings 356,039 331,039
Other debtors 9,404 725,103
Prepayments and accrued income 40,649 44,279
416,493 1,122,073

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 63,215 156,815
Trade creditors 77,678 32,250
Amounts owed to group undertakings 850,282 329,837
Taxation and social security 79,847 143,053
Other creditors 344,973 119,261
1,415,995 781,216

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 3,930,000 3,478,892

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
In more than five years 66,700 66,700

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,993,215 3,635,707

The bank loan is secured by land and buildings.

12. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements - 1,505,138

13. RELATED PARTY DISCLOSURES

During the year the company made supplies to companies that are related. The balances outstanding at the year end date totalled £189,148 (2022: £176,601).

The company received goods and services from related companies. The amount outstanding at the year end date was £235,357 (2022: £329,837).