Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-019falsefalse68209 - Other letting and operating of own or leased real estate9trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00316395 2023-07-01 2024-06-30 00316395 2022-07-01 2023-06-30 00316395 2024-06-30 00316395 2023-06-30 00316395 c:Director2 2023-07-01 2024-06-30 00316395 d:Buildings 2023-07-01 2024-06-30 00316395 d:Buildings 2024-06-30 00316395 d:Buildings 2023-06-30 00316395 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00316395 d:LandBuildings 2024-06-30 00316395 d:LandBuildings 2023-06-30 00316395 d:MotorVehicles 2023-07-01 2024-06-30 00316395 d:MotorVehicles 2024-06-30 00316395 d:MotorVehicles 2023-06-30 00316395 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00316395 d:FurnitureFittings 2023-07-01 2024-06-30 00316395 d:FurnitureFittings 2024-06-30 00316395 d:FurnitureFittings 2023-06-30 00316395 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00316395 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00316395 d:LeaseholdInvestmentProperty 2024-06-30 00316395 d:LeaseholdInvestmentProperty 2023-06-30 00316395 d:LeaseholdInvestmentProperty 2 2023-07-01 2024-06-30 00316395 d:CurrentFinancialInstruments 2024-06-30 00316395 d:CurrentFinancialInstruments 2023-06-30 00316395 d:Non-currentFinancialInstruments 2024-06-30 00316395 d:Non-currentFinancialInstruments 2023-06-30 00316395 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 00316395 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00316395 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 00316395 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 00316395 d:ShareCapital 2024-06-30 00316395 d:ShareCapital 2023-06-30 00316395 d:CapitalRedemptionReserve 2024-06-30 00316395 d:CapitalRedemptionReserve 2023-06-30 00316395 d:RevaluationReserve 2024-06-30 00316395 d:RevaluationReserve 2023-06-30 00316395 d:RetainedEarningsAccumulatedLosses 2024-06-30 00316395 d:RetainedEarningsAccumulatedLosses 2023-06-30 00316395 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 00316395 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 00316395 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 00316395 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 00316395 d:RetirementBenefitObligationsDeferredTax 2024-06-30 00316395 d:RetirementBenefitObligationsDeferredTax 2023-06-30 00316395 d:OtherDeferredTax 2024-06-30 00316395 d:OtherDeferredTax 2023-06-30 00316395 c:OrdinaryShareClass1 2023-07-01 2024-06-30 00316395 c:OrdinaryShareClass1 2024-06-30 00316395 c:OrdinaryShareClass1 2023-06-30 00316395 c:OrdinaryShareClass2 2023-07-01 2024-06-30 00316395 c:OrdinaryShareClass2 2024-06-30 00316395 c:OrdinaryShareClass2 2023-06-30 00316395 c:FRS102 2023-07-01 2024-06-30 00316395 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 00316395 c:FullAccounts 2023-07-01 2024-06-30 00316395 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00316395 2 2023-07-01 2024-06-30 00316395 5 2023-07-01 2024-06-30 00316395 6 2023-07-01 2024-06-30 00316395 2 2024-06-30 00316395 2 2023-06-30 00316395 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00316395










THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024



 
THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED
REGISTERED NUMBER: 00316395

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
152,143
164,533

Investments
 5 
49,505
49,505

Investment property
 6 
10,678,000
10,848,000

  
10,879,648
11,062,038

Current assets
  

Debtors: amounts falling due within one year
 7 
176,266
235,545

Cash at bank and in hand
 8 
5,290,493
4,938,358

  
5,466,759
5,173,903

Creditors: amounts falling due within one year
 9 
(514,507)
(784,536)

Net current assets
  
 
 
4,952,252
 
 
4,389,367

Total assets less current liabilities
  
15,831,900
15,451,405

Creditors: amounts falling due after more than one year
 10 
(371,193)
(366,173)

Provisions for liabilities
  

Deferred tax
 11 
-
(55,369)

  
 
 
-
 
 
(55,369)

Net assets
  
15,460,707
15,029,863


Capital and reserves
  

Called up share capital 
 12 
30,478
30,478

Revaluation reserve
  
2,335,332
2,444,175

Capital redemption reserve
  
12,195
12,195

Profit and loss account
  
13,082,702
12,543,015

  
15,460,707
15,029,863


Page 1

 
THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED
REGISTERED NUMBER: 00316395

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 




M C D Sears
Director

Date: 12 January 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Thomas Lawrence & Sons (Bracknell) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
straight line over 60 years
Motor vehicles
-
25% straight line
Fixtures and fittings
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 5

 
THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
9
9

Page 6

 
THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 July 2023
208,386
39,371
41,051
288,808


Additions
-
-
2,237
2,237



At 30 June 2024

208,386
39,371
43,288
291,045



Depreciation


At 1 July 2023
84,509
820
38,946
124,275


Charge for the year on owned assets
3,473
9,843
1,311
14,627



At 30 June 2024

87,982
10,663
40,257
138,902



Net book value



At 30 June 2024
120,404
28,708
3,031
152,143



At 30 June 2023
123,877
38,551
2,105
164,533




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
120,404
123,877

120,404
123,877


Page 7

 
THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2023
49,505



At 30 June 2024
49,505






Net book value



At 30 June 2024
49,505



At 30 June 2023
49,505


6.


Investment property


Short term leasehold investment property

£



Valuation


At 1 July 2023
10,848,000


Surplus on revaluation
(170,000)



At 30 June 2024
10,678,000


Comprising


Cost
9,813,781

Annual revaluation surplus/(deficit):


2015 -2021
734,719

2023
299,500

2024
(170,000)

At 30 June 2024
10,678,000

The 2024 valuations were made by directors, on an open market value for existing use basis.





Page 8

 
THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Trade debtors
52,087
124,162

Other debtors
-
347

Prepayments and accrued income
107,853
111,036

Deferred taxation
16,326
-

176,266
235,545



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,290,493
4,938,358

5,290,493
4,938,358



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
18,859
10,066

Corporation tax
176,593
-

Other taxation and social security
21,240
44,875

Other creditors
72,844
429,396

Accruals and deferred income
224,971
300,199

514,507
784,536



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
371,193
366,173

371,193
366,173


Page 9

 
THOMAS LAWRENCE & SONS (BRACKNELL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Deferred taxation




2024


£






At beginning of year
(55,369)


Charged to profit or loss
71,695



At end of year
16,326

The deferred taxation balance is made up as follows:

2024
2023
£
£


Timing differences
20,813
20,290

Short term timing differences
101
266

Capital gains
(4,588)
(78,410)

Losses and other deductions
-
2,485

16,326
(55,369)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



60,111 (2023 - 60,111) "A" Ordinary shares of 0.500
30,056
30,056
84,500 (2023 - 84,500) "B" Ordinary shares of 0.005
422
422

30,478

30,478



13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £4,818 (2023 - 5,496). Contributions totalling £1,067 (2023 - £1,869) were payable to the fund at the balance sheet date and are included in creditors.


Page 10