Registered number
14712388
Lord Stone Properties Ltd
Accounts
For the period ended
31 March 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Lord Stone Properties Ltd
Registered number: 14712388
Balance Sheet
as at 31 March 2024
Notes 2024
£
Current assets
Stocks 216,373
Cash at bank and in hand 1
216,374
Creditors: amounts falling due within one year 3 (117,808)
Net current assets 98,566
Total assets less current liabilities 98,566
Creditors: amounts falling due after more than one year 4 (114,354)
Net liabilities (15,788)
Capital and reserves
Called up share capital 100
Profit and loss account (15,888)
Shareholder's funds (15,788)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
K J M Moore
Director
Approved by the board on 3 December 2024
Lord Stone Properties Ltd
Notes to the Accounts
for the period from 7 March 2023 to 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the sale has been completed.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 116,835
Other creditors 973
117,808
4 Creditors: amounts falling due after one year 2024
£
Other creditors 114,354
5 Related party transactions
Included in creditors due after one year is an amount of £114,354 due to the director.
6 Other information
Lord Stone Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
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