LARKSFIELD PROPERTY DEVELOPMENT LIMITED
Registered number: 04434632
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Stocks 141,488 141,488
Creditors: amounts falling due within one year 3 (23,345) (22,995)
Net current assets 118,143 118,493
Total assets less current liabilities 118,143 118,493
Creditors: amounts falling due after more than one year 4 (295,000) (295,000)
Net liabilities (176,857) (176,507)
Capital and reserves
Called up share capital 2 2
Profit and loss account (176,859) (176,509)
Shareholders' funds (176,857) (176,507)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M C Bourne
Director
Approved by the board on 14 November 2024
LARKSFIELD PROPERTY DEVELOPMENT LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 23,345 22,995
4 Creditors: amounts falling due after one year 2024 2023
£ £
Loans 295,000 295,000
5 Other information
LARKSFIELD PROPERTY DEVELOPMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1/2 CLARENDON COURT
OVER WALLOP
STOCKBRIDGE
HAMPSHIRE
SO20 8HU
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