IRIS Accounts Production v24.3.0.553 04545311 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045453112023-03-31045453112024-03-31045453112023-04-012024-03-31045453112022-03-31045453112022-04-012023-03-31045453112023-03-3104545311ns15:EnglandWales2023-04-012024-03-3104545311ns14:PoundSterling2023-04-012024-03-3104545311ns10:Director12023-04-012024-03-3104545311ns10:Director22023-04-012024-03-3104545311ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104545311ns10:SmallEntities2023-04-012024-03-3104545311ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3104545311ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104545311ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104545311ns10:FullAccounts2023-04-012024-03-3104545311ns10:CompanySecretary12023-04-012024-03-3104545311ns10:RegisteredOffice2023-04-012024-03-3104545311ns5:CurrentFinancialInstruments2024-03-3104545311ns5:CurrentFinancialInstruments2023-03-3104545311ns5:ShareCapital2024-03-3104545311ns5:ShareCapital2023-03-3104545311ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3104545311ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3104545311ns5:RetainedEarningsAccumulatedLosses2024-03-3104545311ns5:RetainedEarningsAccumulatedLosses2023-03-3104545311ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3104545311ns5:LandBuildings2023-03-3104545311ns5:LandBuildings2024-03-3104545311ns5:LandBuildings2023-03-3104545311ns5:ListedExchangeTradedns5:CostValuation2023-03-3104545311ns5:ListedExchangeTradedns5:AdditionsToInvestments2024-03-3104545311ns5:DisposalsRepaymentsInvestmentsns5:ListedExchangeTraded2024-03-3104545311ns5:ListedExchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3104545311ns5:ListedExchangeTradedns5:CostValuation2024-03-3104545311ns5:ListedExchangeTraded2024-03-3104545311ns5:ListedExchangeTraded2023-03-3104545311ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104545311ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104545311ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: 04545311 (England and Wales)















LETTERSTON FILLING STATION LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

LETTERSTON FILLING STATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R D Shackleton
Mrs M A Shackleton





SECRETARY: R D Shackleton





REGISTERED OFFICE: 45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP





REGISTERED NUMBER: 04545311 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 696,689 997,891
Investment property 6 641,405 325,607
1,338,094 1,323,498

CURRENT ASSETS
Debtors 7 1,491 -
Cash at bank 4,925 6,212
6,416 6,212
CREDITORS
Amounts falling due within one year 8 140,566 132,159
NET CURRENT LIABILITIES (134,150 ) (125,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,203,944

1,197,551

CAPITAL AND RESERVES
Called up share capital 110 110
Fair value reserve 9 90,977 (19,014 )
Retained earnings 1,112,857 1,216,455
SHAREHOLDERS' FUNDS 1,203,944 1,197,551

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.

LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)

STATEMENT OF FINANCIAL POSITION - 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 6 November 2024 and were signed on its behalf by:




R D Shackleton - Director



Mrs M A Shackleton - Director


LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Letterston Filling Station Ltd 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.
Freehold property - No depreciation

Fixed asset investment
Fixed asset investments are included at market value at balance sheet date.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 182,992
DEPRECIATION
At 1 April 2023
and 31 March 2024 182,992
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2023 997,891
Additions 30,231
Disposals (422,410 )
Revaluations 90,977
At 31 March 2024 696,689
NET BOOK VALUE
At 31 March 2024 696,689
At 31 March 2023 997,891

Cost or valuation at 31 March 2024 is represented by:

Listed
investments
£   
Valuation in 2020 862,389
Valuation in 2021 152,595
Valuation in 2022 50,362
Valuation in 2023 (67,455 )
Valuation in 2024 (301,202 )
696,689

LETTERSTON FILLING STATION LTD (REGISTERED NUMBER: 04545311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 325,607
Additions 315,798
At 31 March 2024 641,405
NET BOOK VALUE
At 31 March 2024 641,405
At 31 March 2023 325,607

The property has been valued at open market value by the directors, reflecting comparable valuations in the local area. The valuations were carried out in 2024 and are equal to historic cost. Investment properties are not depreciated as they are held for their investment potential.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,491 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 74 1,491
Other creditors 140,492 130,668
140,566 132,159

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 (19,014 )
Transfer 109,991

At 31 March 2024 90,977

10. RELATED PARTY DISCLOSURES

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £134,318 (2023 £124,648).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LETTERSTON FILLING STATION LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Letterston Filling Station Ltd for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Letterston Filling Station Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Letterston Filling Station Ltd and state those matters that we have agreed to state to the Board of Directors of Letterston Filling Station Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Letterston Filling Station Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Letterston Filling Station Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Letterston Filling Station Ltd. You consider that Letterston Filling Station Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Letterston Filling Station Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP


Date: .............................................