Caseware UK (AP4) 2023.0.135 2023.0.135 falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false4No description of principal activity2023-04-014true 10436887 2023-04-01 2024-03-31 10436887 2022-04-01 2023-03-31 10436887 2024-03-31 10436887 2023-03-31 10436887 c:Director3 2023-04-01 2024-03-31 10436887 d:CurrentFinancialInstruments 2024-03-31 10436887 d:CurrentFinancialInstruments 2023-03-31 10436887 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10436887 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10436887 d:ShareCapital 2024-03-31 10436887 d:ShareCapital 2023-03-31 10436887 d:RetainedEarningsAccumulatedLosses 2024-03-31 10436887 d:RetainedEarningsAccumulatedLosses 2023-03-31 10436887 c:FRS102 2023-04-01 2024-03-31 10436887 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10436887 c:FullAccounts 2023-04-01 2024-03-31 10436887 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 10436887













Laverick Hall Farm Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
Laverick Hall Farm Limited


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
4,259,429
4,180,053

Debtors
 5 
7,776
21,236

Cash at bank and in hand
  
764,044
815,062

  
5,031,249
5,016,351

Creditors: amounts falling due within one year
 6 
(5,042,606)
(5,021,742)

Net current liabilities
  
 
 
(11,357)
 
 
(5,391)

Total assets less current liabilities
  
(11,357)
(5,391)

  

Net liabilities
  
(11,357)
(5,391)


Capital and reserves
  

Called up share capital 
  
1,183
1,183

Profit and loss account
  
(12,540)
(6,574)

Shareholders' deficit
  
(11,357)
(5,391)

1

 
Laverick Hall Farm Limited

    
Balance sheet (continued)
At 31 March 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 November 2024.




E R T Yuill
Director

Registered number: 10436887
The notes on pages 3 to 4 form part of these financial statements. 
2

 
Laverick Hall Farm Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is Hub 1 The Innovation Centre, Venture Court, Queens Meadow Business Park, Hartlepool, TS25 5TG.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company had excess liabilities over assets. The directors, having made due and careful enquiry, are of the opinion that the company, with the support of its related parties, has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informal judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result the directors have continued to adopt the going concern basis of accounting in preparing the annual financial accounts.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.4

Stocks

Work in progress is valued at the lower of cost and net realisable value and relates to expenditure incurred in relation to the development of land and the cost of land held for sale.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023: 4).

3

 
Laverick Hall Farm Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

4.


Stocks

2024
2023
£
£

Stocks of land
3,262,072
3,262,072

Work in progress
997,357
917,981

4,259,429
4,180,053



5.


Debtors

2024
2023
£
£


Other debtors
7,776
21,236

7,776
21,236



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Other loans
5,000,000
5,000,000

Other creditors
40,686
19,857

Accruals and deferred income
1,920
1,885

5,042,606
5,021,742


 
4