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Lulsgate Developments Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 May 2024

Registration number: 04491786

 

Lulsgate Developments Limited

Balance Sheet

31 May 2024

Note

2024
£ 000

2023
£ 000

Fixed assets

 

Investments

4

39

39

Current assets

 

Debtors

5

24

24

Cash at bank and in hand

 

1

1

 

25

25

Creditors: Amounts falling due within one year

6

(8)

(8)

Net current assets

 

17

17

Total assets less current liabilities

 

56

56

Creditors: Amounts falling due after more than one year

6

(111)

(111)

Net liabilities

 

(55)

(55)

Capital and reserves

 

Profit and loss account

(55)

(55)

Shareholders' deficit

 

(55)

(55)

 

Lulsgate Developments Limited

Balance Sheet

31 May 2024

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

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 September 2024
 

.........................................
A J G Chater
Director

Company Registration Number: 04491786

 

Lulsgate Developments Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 4A
Severn View Industrial Estate
Central Avenue
Hallen
Bristol
BS10 7SD

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Financial instruments

Classification
Financial instruments are classified as liabilities and equity instruments according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

 Recognition and measurement
Trade, group and other creditors (including accruals) payable within one year that do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled.

Where the arrangement with a creditor constitutes a financing transaction, the creditor is initially measured at the present value of future payments discounted at a market rate of interest for a similar instrument and subsequently measured at amortised cost.


 

 

Lulsgate Developments Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Investments

2024
£ 000

2023
£ 000

Investments in joint ventures

39

39

Joint ventures

£ 000

Cost

At 1 June 2023

77

Provision

At 1 June 2023

38

Carrying amount

At 31 May 2024

39

At 31 May 2023

39

5

Debtors

Note

2024
£ 000

2023
£ 000

Amounts owed by related parties

9

24

24

 

24

24

 

Lulsgate Developments Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

6

Creditors

2024
£ 000

2023
£ 000

Due within one year

Other creditors

7

7

Accruals

1

1

8

8

Note

Due after one year

 

Loans and borrowings

7

111

111

7

Loans and borrowings

Non-current loans and borrowings

2024
£ 000

2023
£ 000

Other borrowings

111

111

 

Lulsgate Developments Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No. 000

£ 000

No. 000

£ 000

Ordinary shares of £0.10 each

1

-

1

-

       

9

Related party transactions

At the year end, the company owed £6,460 (2023 - £6,460) to a company connected by common directorship.