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REGISTERED NUMBER: 04959546 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LONSTO (DEVELOPMENTS) LIMITED

LONSTO (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 04959546)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONSTO (DEVELOPMENTS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: R I Dudding
Mrs J C Ancell





SECRETARY: Mrs J C Ancell





REGISTERED OFFICE: Lonsto House
276 Chase Road
London
N14 6HA





REGISTERED NUMBER: 04959546 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

LONSTO (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 04959546)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 273,230 273,230
Debtors 4 2,303,364 2,190,684
2,576,594 2,463,914
CREDITORS
Amounts falling due within one year 5 453,004 451,269
NET CURRENT ASSETS 2,123,590 2,012,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,123,590

2,012,645

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 286,588 286,588
Retained earnings 1,837,000 1,726,055
SHAREHOLDERS' FUNDS 2,123,590 2,012,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

LONSTO (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 04959546)

BALANCE SHEET - continued
31 MARCH 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 5 November 2024 and were signed on its behalf by:





R I Dudding - Director


LONSTO (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 04959546)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Lonsto (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.

Turnover
Turnover comprises revenue recognised by the company in respect of rents received during the year.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the income statement. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

LONSTO (DEVELOPMENTS) LIMITED (REGISTERED NUMBER: 04959546)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Going concern
These financial statements have been prepared on the going concern basis, on the assumption that the financial support received from the director, and the other companies that he is a director and shareholder of, will continue for the foreseeable future.

Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise of a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,293 12,478
Amounts owed by group undertakings 2,288,071 2,178,206
2,303,364 2,190,684

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,491 2,902
Amounts owed to group undertakings 370,000 370,000
Taxation and social security 36,981 41,794
Other creditors 44,532 36,573
453,004 451,269

6. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is R I Dudding by virtue of his controlling shareholding in Lonsto Developments (Holdings) Limited.