S.E.T. Lawson Holdings Ltd 14067653 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false true 14067653 2023-02-01 2024-01-31 14067653 2024-01-31 14067653 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 14067653 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 14067653 bus:SmallEntities 2023-02-01 2024-01-31 14067653 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 14067653 bus:FilletedAccounts 2023-02-01 2024-01-31 14067653 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 14067653 bus:RegisteredOffice 2023-02-01 2024-01-31 14067653 bus:Director1 2023-02-01 2024-01-31 14067653 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 14067653 core:Buildings 2023-02-01 2024-01-31 14067653 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 14067653 countries:EnglandWales 2023-02-01 2024-01-31 14067653 2023-01-31 14067653 core:CostValuation 2023-01-31 14067653 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 14067653 2022-04-25 2023-01-31 14067653 2023-01-31 14067653 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 14067653 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 14067653

S.E.T. Lawson Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

S.E.T. Lawson Holdings Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

S.E.T. Lawson Holdings Ltd

(Registration number: 14067653)
Statement of Financial Position as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

644,635

645,105

Investments

5

41,061

41,061

 

685,696

686,166

Creditors: Amounts falling due within one year

6

(12,837)

-

Net assets

 

672,859

686,166

Capital and reserves

 

Called up share capital

41,061

41,061

Profit and loss account

631,798

645,105

Shareholders' funds

 

672,859

686,166

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

Director's 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 director acknowledges 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 7 June 2024
 


E L Lawson
Director

 

S.E.T. Lawson Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westcotts
Plym House, 3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is of a holding company

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

 

S.E.T. Lawson Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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.

 

S.E.T. Lawson Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

4

Tangible assets

Freehold property
£

Total
£

Cost or valuation

At 1 February 2023

653,823

653,823

Additions

12,837

12,837

At 31 January 2024

666,660

666,660

Depreciation

At 1 February 2023

8,718

8,718

Charge for the year

13,307

13,307

At 31 January 2024

22,025

22,025

Carrying amount

At 31 January 2024

644,635

644,635

At 31 January 2023

645,105

645,105

During the prior year, freehold property was hived up into S.E.T. Lawson Holdings Limited from its subsidiary F.T.B. Lawson Limited, the freehold property has a transfer date of 1 June 2022.

5

Investments

2024
£

2023
£

Investments in subsidiaries

41,061

41,061

 

S.E.T. Lawson Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

5

Investments (continued)

£

Cost or valuation

At 1 February 2023

41,061

Carrying amount

At 31 January 2024

41,061

At 31 January 2023

41,061

6

Creditors

2024
£

2023
£

Due within one year

Other creditors

12,837

-

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Charge on assets

A fixed charge is held over the fixed assets of S.E.T. Lawson Holdings Limited in relation to the overdraft facilities of its subsidiaries.