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Company No: 11724611 (England and Wales)

LARK CONSTRUCTION LIMITED

Unaudited Financial Statements
For the financial period from 01 January 2024 to 30 June 2024
Pages for filing with the registrar

LARK CONSTRUCTION LIMITED

Unaudited Financial Statements

For the financial period from 01 January 2024 to 30 June 2024

Contents

LARK CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
LARK CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 30.06.2024 31.12.2023
£ £
Fixed assets
Investments 3 750,000 750,000
750,000 750,000
Current assets
Cash at bank and in hand 1,241 99,968
1,241 99,968
Creditors: amounts falling due within one year 4 ( 920) ( 920)
Net current assets 321 99,048
Total assets less current liabilities 750,321 849,048
Creditors: amounts falling due after more than one year 5 ( 656,294) ( 746,294)
Net assets 94,027 102,754
Capital and reserves
Called-up share capital 100 100
Profit and loss account 93,927 102,654
Total shareholders' funds 94,027 102,754

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Lark Construction Limited (registered number: 11724611) were approved and authorised for issue by the Director. They were signed on its behalf by:

C E Larter
Director
C E Larter
Director

01 February 2025

LARK CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2024 to 30 June 2024
LARK CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2024 to 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lark Construction Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

Reporting period length has been shortened from 12 to 6 months. The reporting period spans 1st January 2024 to 30th June 2024.

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 and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified 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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

Period from
01.01.2024 to
30.06.2024
Year ended
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 2 2

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 750,000 750,000
At 30 June 2024 750,000 750,000
Carrying value at 30 June 2024 750,000 750,000
Carrying value at 31 December 2023 750,000 750,000

4. Creditors: amounts falling due within one year

30.06.2024 31.12.2023
£ £
Accruals 920 920

5. Creditors: amounts falling due after more than one year

30.06.2024 31.12.2023
£ £
Amounts owed to Group undertakings 656,064 746,064
Amounts owed to director 230 230
656,294 746,294