Silverfin false false 31/05/2024 24/05/2023 31/05/2024 Mrs K V Lamsin 24/05/2023 Mr N T Lamsin 28/06/2023 24/05/2023 27 October 2024 The principle activity of the company during the financial year was that of a real estate agency. 14891831 2024-05-31 14891831 bus:Director1 2024-05-31 14891831 bus:Director2 2024-05-31 14891831 core:CurrentFinancialInstruments 2024-05-31 14891831 core:ShareCapital 2024-05-31 14891831 core:RetainedEarningsAccumulatedLosses 2024-05-31 14891831 core:OfficeEquipment 2023-05-23 14891831 core:ComputerEquipment 2023-05-23 14891831 2023-05-23 14891831 core:OfficeEquipment 2024-05-31 14891831 core:ComputerEquipment 2024-05-31 14891831 bus:OrdinaryShareClass1 2024-05-31 14891831 2023-05-24 2024-05-31 14891831 bus:FilletedAccounts 2023-05-24 2024-05-31 14891831 bus:SmallEntities 2023-05-24 2024-05-31 14891831 bus:AuditExemptWithAccountantsReport 2023-05-24 2024-05-31 14891831 bus:PrivateLimitedCompanyLtd 2023-05-24 2024-05-31 14891831 bus:Director1 2023-05-24 2024-05-31 14891831 bus:Director2 2023-05-24 2024-05-31 14891831 core:OfficeEquipment 2023-05-24 2024-05-31 14891831 core:ComputerEquipment 2023-05-24 2024-05-31 14891831 bus:OrdinaryShareClass1 2023-05-24 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14891831 (England and Wales)

LAMSIN ESTATES LIMITED

Unaudited Financial Statements
For the financial period from 24 May 2023 to 31 May 2024
Pages for filing with the registrar

LAMSIN ESTATES LIMITED

Unaudited Financial Statements

For the financial period from 24 May 2023 to 31 May 2024

Contents

LAMSIN ESTATES LIMITED

BALANCE SHEET

As at 31 May 2024
LAMSIN ESTATES LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 31.05.24
£
Fixed assets
Tangible assets 3 2,046
2,046
Current assets
Debtors 4 2,014
Cash at bank and in hand 6,107
8,121
Creditors: amounts falling due within one year 5 ( 39,650)
Net current liabilities (31,529)
Total assets less current liabilities (29,483)
Net liabilities ( 29,483)
Capital and reserves
Called-up share capital 6 100
Profit and loss account ( 29,583 )
Total shareholders' deficit ( 29,483)

For the financial period ending 31 May 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 financial statements of Lamsin Estates Limited (registered number: 14891831) were approved and authorised for issue by the Director on 27 October 2024. They were signed on its behalf by:

Mrs K V Lamsin
Director
LAMSIN ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 24 May 2023 to 31 May 2024
LAMSIN ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 24 May 2023 to 31 May 2024
1. Accounting policies

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

General information and basis of accounting

Lamsin Estates 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 Ground Floor, Cavendish House Littlewood Drive, West 26 Business Park, Cleckheaton, BD19 4TE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

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 reducing balance basis over its expected useful life, as follows:

Office equipment 15 % reducing balance
Computer equipment 15 % 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.

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 Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
24.05.23 to
31.05.24
Number
Monthly average number of persons employed by the Company during the period, including the director 0

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 24 May 2023 0 0 0
Additions 2,125 282 2,407
At 31 May 2024 2,125 282 2,407
Accumulated depreciation
At 24 May 2023 0 0 0
Charge for the financial period 319 42 361
At 31 May 2024 319 42 361
Net book value
At 31 May 2024 1,806 240 2,046

4. Debtors

31.05.24
£
Other debtors 2,014

5. Creditors: amounts falling due within one year

31.05.24
£
Amounts owed to director 38,400
Accruals 1,250
39,650

6. Called-up share capital

31.05.24
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100