Company registration number 12836652 (England and Wales)
Langthorpe Holdings Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 August 2024
PAGES FOR FILING WITH REGISTRAR
Langthorpe Holdings Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Langthorpe Holdings Ltd
Statement of financial position
as at 31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
828,202
828,202
Current assets
Debtors
4
5,832
6,332
Cash at bank and in hand
7,933
7,495
13,765
13,827
Creditors: amounts falling due within one year
5
(89,950)
(87,518)
Net current liabilities
(76,185)
(73,691)
Total assets less current liabilities
752,017
754,511
Creditors: amounts falling due after more than one year
6
(737,002)
(750,456)
Net assets
15,015
4,055
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
14,915
3,955
Total equity
15,015
4,055

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 January 2025 and are signed on its behalf by:
S K Winder
Director
Company registration number 12836652 (England and Wales)
Langthorpe Holdings Ltd
Notes to the financial statements
for the year ended 31 August 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

 

Turnover is recognised on an accruals basis.

 

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Langthorpe Holdings Ltd
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 and 31 August 2024
828,202
Depreciation and impairment
At 1 September 2023 and 31 August 2024
-
0
Carrying amount
At 31 August 2024
828,202
At 31 August 2023
828,202
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
5,832
6,332
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,200
10,200
Corporation tax
2,571
356
Other taxation and social security
3,759
3,542
Other creditors
72,420
72,420
Accruals and deferred income
1,000
1,000
89,950
87,518

The bank loan is secured.

Langthorpe Holdings Ltd
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 4 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
737,002
750,456

The bank loan is secured.

Amounts included above which fall due after five years are as follows:
Payable by instalments
696,202
701,956
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary £1 shares of £1 each
50
50
50
50
B Ordinary £1 shares of £1 each
50
50
50
50
100
100
100
100
8
Company information

Langthorpe Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Orchard Cottage, Skelton Road, Langthorpe, Boroughbridge, North Yorkshire, YO51 9BZ.

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