Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 31/12/23 | 28/2/23 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Investments | 4 | ||||||
Current assets | |||||||
Debtors | 5 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
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Net current (liabilities)/assets | ( |
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Total assets less current liabilities | |||||||
Provisions for liabilities | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | 7 | ||||||
Share premium | |||||||
Revaluation reserve | 8 | ||||||
Other reserves | 38,326 | 38,326 | |||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
continued | |||||||
D T Fernbach | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the period from 1 March 2023 to |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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Turnover | ||||||||
Investments | ||||||||
The investment properties fair values of £1,135,000 and fair value movement of £nil included in the profit for the year were determined by the directors based on informal discussions with property professionals together with research from specialist websites and market data, adjusted for any differences in nature, location and condition. Investments in shares are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment. |
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Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
2 | Employees | 31/12/23 | 28/2/23 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Land and buildings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 March 2023 | ||||||||
At 31 December 2023 | ||||||||
Depreciation | ||||||||
At 31 December 2023 | - | |||||||
Net book value | ||||||||
At 31 December 2023 | ||||||||
At 28 February 2023 | ||||||||
Freehold land and buildings: | 31/12/23 | 28/2/23 | ||||||
£ | £ | |||||||
Historical cost | 391,747 | 391,747 | ||||||
Cumulative depreciation based on historical cost | - | - | ||||||
4 | Investments | |||||||
Other | ||||||||
investments | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 March 2023 | ||||||||
At 31 December 2023 | ||||||||
Other investments are measured at cost less impairment on the basis that they represent shares in entities that are not publicly traded and the fair value cannot otherwise be measured reliably. Included within other investments is a 4.55% holding in the ordinary share capital of Sienna Freehold Limited, holder of the freehold interest in one of the investment properties. |
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5 | Debtors | 31/12/23 | 28/2/23 | |||||
£ | £ | |||||||
Other debtors | ||||||||
6 | Creditors: amounts falling due within one year | 31/12/23 | 28/2/23 | |||||
£ | £ | |||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
7 | Share capital | Nominal | 31/12/23 | 31/12/23 | 28/2/23 | |||
value | Number | £ | £ | |||||
Allotted, called up and fully paid: | ||||||||
Ordinary shares | £1 each | 10,000 | 10,000 | 10,000 | ||||
B Ordinary shares | £1 each | 1,000 | 1,000 | 1,000 | ||||
11,000 | 11,000 | |||||||
8 | Revaluation reserve | 31/12/23 | 28/2/23 | |||||
£ | £ | |||||||
At 1 March 2023 | ||||||||
Deferred taxation arising on the revaluation of land and buildings | ( |
- | ||||||
At 31 December 2023 | ||||||||
9 | Loans to directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
£ | £ | £ | £ | |||||
- | ( |
- | ||||||
56,500 | - | (56,500) | - | |||||
10 | Other information | |||||||
Longfleet Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
The History Room at Farnham Pottery | ||||||||
Pottery Lane, Wrecclesham | ||||||||
Farnham | ||||||||
Surrey | ||||||||
GU10 4QJ |