Ladbroke Property Company Limited 00622837 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a property investment company Digita Accounts Production Advanced 6.30.9574.0 true true 00622837 2023-04-01 2024-03-31 00622837 2024-03-31 00622837 bus:OrdinaryShareClass1 2024-03-31 00622837 bus:OrdinaryShareClass2 2024-03-31 00622837 core:CurrentFinancialInstruments 2024-03-31 00622837 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00622837 core:LandBuildings 2024-03-31 00622837 bus:SmallEntities 2023-04-01 2024-03-31 00622837 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00622837 bus:FilletedAccounts 2023-04-01 2024-03-31 00622837 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00622837 bus:RegisteredOffice 2023-04-01 2024-03-31 00622837 bus:CompanySecretary1 2023-04-01 2024-03-31 00622837 bus:Director1 2023-04-01 2024-03-31 00622837 bus:Director2 2023-04-01 2024-03-31 00622837 bus:Director3 2023-04-01 2024-03-31 00622837 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 00622837 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 00622837 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00622837 countries:EnglandWales 2023-04-01 2024-03-31 00622837 2023-03-31 00622837 core:LandBuildings 2023-03-31 00622837 2022-04-01 2023-03-31 00622837 2023-03-31 00622837 bus:OrdinaryShareClass1 2023-03-31 00622837 bus:OrdinaryShareClass2 2023-03-31 00622837 core:CurrentFinancialInstruments 2023-03-31 00622837 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00622837 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00622837

Ladbroke Property Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Ladbroke Property Company Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Ladbroke Property Company Limited

Company Information
__________________________________________________________________________

Directors

J A Alexander

A E Tuckey

J W MacDomnic

Company secretary

J A Alexander

Registered office

Abbey House
342 Regents Park Road
London
N3 2LJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Ladbroke Property Company Limited

(Registration number: 00622837)
Balance Sheet as at 31 March 2024
__________________________________________________________________________

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,800,000

1,800,000

Current assets

 

Debtors

4

122

1,706

Investments

5

566

566

Cash at bank and in hand

 

386,565

352,263

 

387,253

354,535

Creditors: Amounts falling due within one year

6

(145,489)

(110,990)

Net current assets

 

241,764

243,545

Net assets

 

2,041,764

2,043,545

Capital and reserves

 

Called up share capital

7

24,250

24,250

Share premium reserve

18,919

16,625

Revaluation reserve

1,748,117

1,748,117

Other reserves

-

2,294

Retained earnings

250,478

252,259

Shareholders' funds

 

2,041,764

2,043,545

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 October 2024 and signed on its behalf by:
 

 

Ladbroke Property Company Limited

(Registration number: 00622837)
Balance Sheet as at 31 March 2024
__________________________________________________________________________

.........................................
J A Alexander
Director

.........................................
A E Tuckey
Director

 

Ladbroke Property Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ladbroke Property Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Ladbroke Property Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

1,800,000

1,800,000

At 31 March 2024

1,800,000

1,800,000

Depreciation

Carrying amount

At 31 March 2024

1,800,000

1,800,000

At 31 March 2023

1,800,000

1,800,000

Included within the net book value of land and buildings above is £1,800,000 (2023 - £1,800,000) in respect of freehold land and buildings.
 

4

Debtors

Current

2024
£

2023
£

Trade debtors

-

1,644

Other debtors

122

62

 

122

1,706

5

Current asset investments

2024
£

2023
£

Listed investments

566

566

 

Ladbroke Property Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

76,900

53,988

Taxation and social security

57,629

42,841

Accruals and deferred income

10,960

14,161

145,489

110,990

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

"A" shares of £1 each

23,250

23,250

23,250

23,250

24,250

24,250

24,250

24,250