0 true false false false false false false true false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,048,149 2,048,149 2,048,149 xbrli:pure xbrli:shares iso4217:GBP 13493367 2023-07-01 2024-06-30 13493367 2024-06-30 13493367 2023-06-30 13493367 2022-07-01 2023-06-30 13493367 2023-06-30 13493367 2022-06-30 13493367 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 13493367 bus:Director2 2023-07-01 2024-06-30 13493367 core:WithinOneYear 2024-06-30 13493367 core:WithinOneYear 2023-06-30 13493367 core:ShareCapital 2024-06-30 13493367 core:ShareCapital 2023-06-30 13493367 core:RetainedEarningsAccumulatedLosses 2024-06-30 13493367 core:RetainedEarningsAccumulatedLosses 2023-06-30 13493367 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 13493367 core:Non-currentFinancialInstruments 2024-06-30 13493367 core:Non-currentFinancialInstruments 2023-06-30 13493367 bus:SmallEntities 2023-07-01 2024-06-30 13493367 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13493367 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13493367 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13493367 bus:FullAccounts 2023-07-01 2024-06-30 13493367 bus:OrdinaryShareClass1 2024-06-30 13493367 bus:OrdinaryShareClass1 2023-06-30 13493367 core:Subsidiary1 2023-07-01 2024-06-30 13493367 core:Subsidiary1 2024-06-30 13493367 core:Subsidiary1 2023-06-30
COMPANY REGISTRATION NUMBER: 13493367
L Symington Holdings Limited
Filleted Unaudited Financial Statements
30 June 2024
L Symington Holdings Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
5
2,048,149
2,048,149
Current assets
Debtors
6
1
1
Creditors: amounts falling due within one year
7
1,798,149
1,798,149
------------
------------
Net current liabilities
1,798,148
1,798,148
------------
------------
Total assets less current liabilities
250,001
250,001
---------
---------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
250,000
250,000
---------
---------
Shareholders funds
250,001
250,001
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the year and has not made either a profit or loss.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 November 2024 , and are signed on behalf of the board by:
Mr J L Symington
Director
Company registration number: 13493367
L Symington Holdings Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Balaclava Farm, Terrington St Clement, Kings Lynn, Norfolk, PE34 4JQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of employees during the year was 2(2023: 2). This consisted of directors only.
5. Investments
Shares in group undertakings
£
Cost
At 1 July 2023 and 30 June 2024
2,048,149
------------
Impairment
At 1 July 2023 and 30 June 2024
------------
Carrying amount
At 30 June 2024
2,048,149
------------
At 30 June 2023
2,048,149
------------
6. Debtors
2024
2023
£
£
Other debtors
1
1
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
1,798,149
1,798,149
------------
------------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2024
2023
2024
2023
£
£
£
£
Group undertaking
(1,798,149)
(1,798,149)
----
----
------------
------------