Year Ended
Registration number:
Lulsgate Developments Limited
Balance Sheet
31 May 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
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:
• |
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• |
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
......................................... |
Company Registration Number: 04491786
Lulsgate Developments Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
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
Recognition and measurement
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
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Investments |
2024 |
2023 |
|
Investments in joint ventures |
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Joint ventures |
£ 000 |
Cost |
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At 1 June 2023 |
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Provision |
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At 1 June 2023 |
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Carrying amount |
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At 31 May 2024 |
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At 31 May 2023 |
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Debtors |
Note |
2024 |
2023 |
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Amounts owed by related parties |
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Lulsgate Developments Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
Creditors |
2024 |
2023 |
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Due within one year |
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Other creditors |
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Accruals |
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Note |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
Non-current loans and borrowings
2024 |
2023 |
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Other borrowings |
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Lulsgate Developments Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. 000 |
£ 000 |
No. 000 |
£ 000 |
|
Ordinary shares of £0.10 each |
1 |
- |
1 |
- |
Related party transactions |
At the year end, the company owed £6,460 (2023 - £6,460) to a company connected by common directorship.