Registered number
11475346
House of Langstone Limited
Filleted Accounts
30 September 2024
House of Langstone Limited
Registered number: 11475346
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets as restated
Tangible assets 3 66 573
Current assets
Debtors 4 126 7,544
Cash at bank and in hand 21,699 38,857
21,825 46,401
Creditors: amounts falling due within one year 5 (2,621) (2,375)
Net current assets 19,204 44,026
Total assets less current liabilities 19,270 44,599
Provisions for liabilities (12) (109)
Net assets 19,258 44,490
Capital and reserves
Called up share capital 30 30
Profit and loss account 19,228 44,460
Shareholder's funds 19,258 44,490
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Louise Langstone
Director
Approved by the board on 16 January 2025
House of Langstone Limited
Notes to the Accounts
for the period from 1 August 2023 to 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Fixtures, fittings, tools and equipment 33% Straight Line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 3,410
At 30 September 2024 3,410
Depreciation
At 1 August 2023 2,837
Charge for the period 507
At 30 September 2024 3,344
Net book value
At 30 September 2024 66
At 31 July 2023 573
4 Debtors 2024 2023
£ £
as restated
Other debtors 126 7,544
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 83
Taxation and social security costs 1,160 2,283
Other creditors 1,461 9
2,621 2,375
6 Prior Year Adjustment 2023
£
as restated
Shareholder's funds before adjustment 37,062
Prior year adjustment 7,428
Shareholder's funds after adjustment 44,490
A prior year adjustment has also been made to recognise a corporation tax refund of £7,428, which was omitted from the prior year’s financial accounts.

The corporation tax refund receivable is included within other debtors.

Comparative figures for the year ending 31 July 2023 have been restated accordingly to reflect the adjustment for the corporation tax refund.
7 Other information
House of Langstone Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 4
4 Lennox Road South
Southsea
England
PO5 2HT
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