Registered number
00421386
C.W.Last Limited
Unaudited Filleted Accounts
31 December 2024
C.W.Last Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of C.W.Last Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C.W.Last Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of C.W.Last Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of C.W.Last Limited and state those matters that we have agreed to state to the Board of Directors of C.W.Last Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C.W.Last Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that C.W.Last Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of C.W.Last Limited. You consider that C.W.Last Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of C.W.Last Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Smith Watson Accountants
Chartered Accountants
1619 London Road
Leigh on Sea
Essex
SS9 2SQ
10 February 2025
C.W.Last Limited
Registered number: 00421386
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,800,000 2,800,000
Current assets
Debtors 4 45,102 63,938
Cash at bank and in hand 41,135 11,300
86,237 75,238
Creditors: amounts falling due within one year 5 (81,313) (81,251)
Net current assets/(liabilities) 4,924 (6,013)
Total assets less current liabilities 2,804,924 2,793,987
Provisions for liabilities (615,500) (615,500)
Net assets 2,189,424 2,178,487
Capital and reserves
Called up share capital 3,625 3,625
Revaluation reserve 6 2,166,108 2,166,108
Profit and loss account 19,691 8,754
Shareholders' funds 2,189,424 2,178,487
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
C Doherty
Director
Approved by the board on 10 February 2025
C.W.Last Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Company information
C.W.Last Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1619 London Road, Leigh On Sea, Essex, SS9 2SQ.
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:
Fixtures, fittings, tools and equipment 15% reducing balance
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 2,800,000 11,790 2,811,790
Disposals - (11,790) (11,790)
At 31 December 2024 2,800,000 - 2,800,000
Depreciation
At 1 January 2024 - 11,790 11,790
On disposals - (11,790) (11,790)
At 31 December 2024 - - -
Net book value
At 31 December 2024 2,800,000 - 2,800,000
At 31 December 2023 2,800,000 - 2,800,000
4 Debtors 2024 2023
£ £
Trade debtors - 1,474
Other debtors 45,102 62,464
45,102 63,938
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 4,290
Taxation and social security costs 2,330 10,750
Other creditors 78,983 66,211
81,313 81,251
6 Revaluation reserve 2024 2023
£ £
At 1 January 2024 2,166,108 1,481,608
Gain on revaluation of land and buildings - 1,300,000
Deferred taxation arising on the revaluation of land and buildings - (615,500)
At 31 December 2024 2,166,108 2,166,108
7 Other information
C.W.Last Limited is a private company limited by shares and incorporated in England. Its registered office is:
1619 London Road
Leigh on Sea
Essex
SS9 2SQ
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