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REGISTERED NUMBER: 04076756 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LANCESTAR PROPERTIES LIMITED

LANCESTAR PROPERTIES LIMITED (REGISTERED NUMBER: 04076756)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANCESTAR PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: D J Martyn



SECRETARY:



REGISTERED OFFICE: Swithins Lodge
Church Walk
Viney Hill
Lydney
Gloucestershire
GL15 4NY



REGISTERED NUMBER: 04076756 (England and Wales)



ACCOUNTANTS: Barry D P Flodman
c/o Barry Flodman Limited
Suite 1, 1st Floor
42 Alexandra Road
FARNBOROUGH
Hampshire
GU14 6DA



BANKERS: Bank of Hawaii
Paia Branch
PO Box 792079
Paia
HI 96779



SOLICITORS: *
*
*
*
*
*
*

LANCESTAR PROPERTIES LIMITED (REGISTERED NUMBER: 04076756)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 338,849 349,185

CURRENT ASSETS
Debtors 5 115,254 111,703
Cash at bank 1,652 3,015
116,906 114,718
CREDITORS
Amounts falling due within one year 6 67,304 44,615
NET CURRENT ASSETS 49,602 70,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,451

419,288

CAPITAL AND RESERVES
Called up share capital 7 1 1
Other reserves 50,350 61,011
Retained earnings 338,100 358,276
SHAREHOLDERS' FUNDS 388,451 419,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LANCESTAR PROPERTIES LIMITED (REGISTERED NUMBER: 04076756)

BALANCE SHEET - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2025 and were signed by:





D J Martyn - Director


LANCESTAR PROPERTIES LIMITED (REGISTERED NUMBER: 04076756)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Lancestar Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 346,487 13,585 11,683 2,287 374,042
Additions - - - 653 653
Disposals - (463 ) - (1,014 ) (1,477 )
Exchange differences (10,661 ) - - - (10,661 )
At 30 September 2024 335,826 13,122 11,683 1,926 362,557
DEPRECIATION
At 1 October 2023 - 11,649 11,659 1,549 24,857
Charge for year - 231 5 459 695
Eliminated on disposal - (841 ) - (1,003 ) (1,844 )
At 30 September 2024 - 11,039 11,664 1,005 23,708
NET BOOK VALUE
At 30 September 2024 335,826 2,083 19 921 338,849
At 30 September 2023 346,487 1,936 24 738 349,185

Included in cost of land and buildings is freehold land of £ 285,476 (2023 - £ 285,476 ) which is not depreciated.

LANCESTAR PROPERTIES LIMITED (REGISTERED NUMBER: 04076756)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
US taxes paid 115,254 111,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 1 (1 )
Credit card 996 42
Deposits held 2,750 2,318
Directors' current accounts 63,073 41,728
Accrued expenses 484 528
67,304 44,615

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1