Longdon Liquors Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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 (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of rental income received. |
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Tangible fixed assets |
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Tangible fixed assets consist of residential property's held for sale or to generate rental income; these properties are valued at the lower of cost or net realisable value. |
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Debtors |
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Short term debtors are measured at transaction price. |
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Creditors |
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Short term creditors are measured at transaction price. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
492 |
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480 |
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Other creditors |
1,191 |
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1,029 |
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1,683 |
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1,509 |
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4 |
Other information |
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Longdon Liquors Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Deva House |
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Bardy Lane |
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Upper Longdon |
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Rugeley |
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WS15 4LJ |