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Company No: 09847130 (England and Wales)

LAIDBACK LUCAS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

LAIDBACK LUCAS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

LAIDBACK LUCAS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
LAIDBACK LUCAS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Martin James Bridge
Andrew George Whitney
REGISTERED OFFICE 15 North Street
York
YO1 6DJ
England
United Kingdom
COMPANY NUMBER 09847130 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
LAIDBACK LUCAS LIMITED

BALANCE SHEET

As at 31 December 2023
LAIDBACK LUCAS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 329,692 273,358
329,692 273,358
Current assets
Debtors 4 11,606 16,036
Cash at bank and in hand 5 2,182 0
13,788 16,036
Creditors: amounts falling due within one year 6 ( 21,319) ( 9,673)
Net current (liabilities)/assets (7,531) 6,363
Total assets less current liabilities 322,161 279,721
Creditors: amounts falling due after more than one year 7 ( 337,538) ( 290,309)
Net liabilities ( 15,377) ( 10,588)
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account ( 15,379 ) ( 10,590 )
Total shareholders' deficit ( 15,377) ( 10,588)

For the financial 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.

Directors' responsibilities:

The financial statements of Laidback Lucas Limited (registered number: 09847130) were approved and authorised for issue by the Board of Directors on 27 August 2024. They were signed on its behalf by:

Andrew George Whitney
Director
LAIDBACK LUCAS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
LAIDBACK LUCAS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Laidback Lucas Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 15 North Street, York, YO1 6DJ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated
Plant and machinery 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Investment property Plant and machinery Total
£ £ £
Cost
At 01 January 2023 272,729 1,168 273,897
Additions 56,491 0 56,491
At 31 December 2023 329,220 1,168 330,388
Accumulated depreciation
At 01 January 2023 0 539 539
Charge for the financial year 0 157 157
At 31 December 2023 0 696 696
Net book value
At 31 December 2023 329,220 472 329,692
At 31 December 2022 272,729 629 273,358

4. Debtors

2023 2022
£ £
Amounts owed by associates 5,000 0
Other debtors 6,606 16,036
11,606 16,036

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 2,182 0

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 19,046 2,361
Amounts owed to associates 70 0
Taxation and social security 100 100
Other creditors 2,103 7,212
21,319 9,673

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Amounts owed to associates 337,538 290,309

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2