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REGISTERED NUMBER: 01820278 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

LAWN DEVELOPMENTS LIMITED

LAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01820278)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAWN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr M W Sharland
Mrs E Sharland





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 01820278 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co. Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

LAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01820278)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,000 4,452
Investment property 5 2,025,000 2,275,000
2,060,000 2,279,452

CURRENT ASSETS
Debtors 6 923 -
Cash at bank 30,500 -
31,423 -
CREDITORS
Amounts falling due within one year 7 56,001 38,248
NET CURRENT LIABILITIES (24,578 ) (38,248 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,035,422

2,241,204

CREDITORS
Amounts falling due after more than one year 8 (910,745 ) (1,008,764 )

PROVISIONS FOR LIABILITIES (226,274 ) (262,788 )
NET ASSETS 898,403 969,652

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 905,099 1,051,154
Retained earnings (7,696 ) (82,502 )
SHAREHOLDERS' FUNDS 898,403 969,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01820278)

BALANCE SHEET - continued
30 JUNE 2024


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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mr M W Sharland - Director


LAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01820278)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Lawn 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01820278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 29,667
Additions 33,332
At 30 June 2024 62,999
DEPRECIATION
At 1 July 2023 25,215
Charge for year 2,784
At 30 June 2024 27,999
NET BOOK VALUE
At 30 June 2024 35,000
At 30 June 2023 4,452

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 2,275,000
Disposals (250,000 )
At 30 June 2024 2,025,000
NET BOOK VALUE
At 30 June 2024 2,025,000
At 30 June 2023 2,275,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2019 640,428
Valuation in 2021 637,000
Valuation in 2024 (146,055 )
Cost 893,627
2,025,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 923 -

LAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01820278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 21,468 29,037
Taxation and social security 584 213
Other creditors 33,949 8,998
56,001 38,248

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 910,745 1,008,764

Amounts falling due in more than five years:

Repayable by instalments
Mortgage over five years 910,745 1,008,764

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdrafts 5,870 7,530
Bank loans 15,598 21,507
Mortgages 910,745 1,008,764
932,213 1,037,801

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023 1,051,154
Revaluation in Year (146,055 )

At 30 June 2024 905,099

11. RELATED PARTY DISCLOSURES

The company was controlled throughout the current and previous year by the director, Mr M W Sharland and his wife who own 100% of the ordinary share capital.