Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truetrueProperty development2023-05-01false1false1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10725954 2023-05-01 2024-04-30 10725954 2022-05-01 2023-04-30 10725954 2024-04-30 10725954 2023-04-30 10725954 c:Director1 2023-05-01 2024-04-30 10725954 d:CurrentFinancialInstruments 2024-04-30 10725954 d:CurrentFinancialInstruments 2023-04-30 10725954 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10725954 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10725954 d:ShareCapital 2024-04-30 10725954 d:ShareCapital 2023-04-30 10725954 d:RetainedEarningsAccumulatedLosses 2024-04-30 10725954 d:RetainedEarningsAccumulatedLosses 2023-04-30 10725954 c:FRS102 2023-05-01 2024-04-30 10725954 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10725954 c:FullAccounts 2023-05-01 2024-04-30 10725954 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10725954 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10725954









LANCASTER HOMES (WEYBRIDGE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
LANCASTER HOMES (WEYBRIDGE) LIMITED
REGISTERED NUMBER: 10725954

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
832,741
1,106,663

Debtors: amounts falling due within one year
 5 
39,337
43,036

Cash at bank and in hand
 6 
8,410
3,805

  
880,488
1,153,504

Creditors: amounts falling due within one year
 7 
(765,183)
(1,163,972)

Net current assets/(liabilities)
  
 
 
115,305
 
 
(10,468)

Total assets less current liabilities
  
115,305
(10,468)

  

Net assets/(liabilities)
  
115,305
(10,468)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
115,304
(10,469)

  
115,305
(10,468)


Page 1

 
LANCASTER HOMES (WEYBRIDGE) LIMITED
REGISTERED NUMBER: 10725954
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The Director considers 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 Director acknowledges his 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 income and retained earnings 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 17 January 2025.


R A Newbold
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
LANCASTER HOMES (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Lancaster Homes (Weybridge) Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. The company number is 10725954.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
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.


Page 3

 
LANCASTER HOMES (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Trading stock of properties

Trading stock of properties is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase plus the attendant costs of developing the property to a saleable state.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Property acquisitions and disposals are accounted for when legally binding contracts, which are irrevocable and unconditional, are exchanged.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Stocks

2024
2023
£
£

Work in progress
832,741
1,106,663



5.


Debtors

2024
2023
£
£


Other debtors
39,337
23,926

Prepayments and accrued income
-
19,110

39,337
43,036


Page 4

 
LANCASTER HOMES (WEYBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
8,410
3,805



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
5,003

Corporation tax
39,456
-

Other creditors
723,855
1,156,775

Accruals and deferred income
1,872
2,194

765,183
1,163,972



8.


Related party transactions

At the year end, the Company owed £723,855 (2023 - £1,156,775) to a company under common control, shown within other creditors.


9.


Transactions with directors

During the year, the director had advances from the Company as follows:

2024
2023
£
£
Balance brought forward owed to the company

19,866

-
 
Amounts advanced

26,677

19,419
 
Amounts repaid

(20,681)

-
 
Interest charged

1,023

447
 
26,885

19,866
 

During the year, interest was charged on overdrawn balances at 4%.

 
Page 5