Registration number:
Lavenhall Associates Ltd
for the Year Ended 29 February 2024
Lavenhall Associates Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Lavenhall Associates Ltd
Company Information
Directors: |
Mr MJ Rhys-Evans Mrs VN Rhys Evans |
Registered office: |
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Registered number: |
09180809 |
Accountants: |
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Lavenhall Associates Ltd
(Registration number: 09180809)
Balance Sheet as at 29 February 2024
Note |
29.02.24 |
28.02.23 |
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£ |
£ |
£ |
£ |
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FIXED ASSETS |
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Tangible assets |
- |
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Investments |
286,846 |
281,398 |
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CURRENT ASSETS |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
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Creditors within 1yr |
2,685 |
1,958 |
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Net current assets |
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Total assets less current liabilities |
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PROVISIONS FOR LIABILITES |
( |
- |
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Net assets |
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CAPITAL AND RESERVES |
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Called up share capital |
1 |
1 |
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Other reserves |
4,089 |
- |
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Profit and loss account |
285,582 |
291,649 |
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Shareholders' funds |
289,672 |
291,650 |
For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Lavenhall Associates Ltd
(Registration number: 09180809)
Balance Sheet as at 29 February 2024 (continued)
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Lavenhall Associates Ltd
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
1. |
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
2. |
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency is Pound Sterling (£).
Going concern
The financial statements have been prepared on a going concern basis.
Tax
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 balance sheet date.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
Lavenhall Associates Ltd
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)
2 |
Accounting policies (continued) |
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
20% straight line basis |
Investments
Investments comprising shares and other assests are shown at cost unless a reliable fair value is readily available. Fair value adjustments are taken to profit and loss account.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
3. |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Lavenhall Associates Ltd
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)
4. |
Tangible assets |
Plant and machinery |
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Cost or valuation |
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At 1 March 2023 |
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At 29 February 2024 |
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Depreciation |
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At 1 March 2023 |
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Charge for the year |
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At 29 February 2024 |
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Carrying amount |
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At 29 February 2024 |
- |
At 28 February 2023 |
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5. |
FIXED ASSET INVESTMENTS |
Other investments |
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Cost or valuation |
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At 1 March 2023 |
280,298 |
Fair value adjustments |
5,048 |
Additions |
1,500 |
At 29 February 2024 |
286,846 |
Carrying amount |
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At 29 February 2024 |
286,846 |
At 28 February 2023 |
281,398 |
6. |
Debtors |
29.02.24 |
28.02.23 |
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Other debtors |
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Lavenhall Associates Ltd
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)
7. |
Creditors |
Creditors: amounts falling due within one year
29.02.24 |
28.02.23 |
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Due within one year |
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Taxation and social security |
- |
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Accruals and deferred income |
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