Company Registration No. 03709720 (England and Wales)
LAWESWATER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
LAWESWATER LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LAWESWATER LTD
Company Registration No. 03709720
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
835
Current assets
Debtors
4
-
0
3,341
Cash at bank and in hand
12,984
24,736
12,984
28,077
Creditors: amounts falling due within one year
5
(3,097)
(12,357)
Net current assets
9,887
15,720
Net assets
9,887
16,555
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
9,877
16,545
Total equity
9,887
16,555

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 18 February 2025 and are signed on its behalf by:
P Ansley-Watson
Director
LAWESWATER LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Laweswater Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 9 Bridge Street, Walton on Thames, Surrey, KT121AE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

The company ceased to trade on the 31 August 2024, therefore the financial statements have been prepared on the basis that the company is no longer a going concern.

1.3
Reporting period

The company has shortened its reporting period to 31 August 2024 and therefore the comparative amounts presented in the financial statements are not entirely comparable.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
over 5 years
Computers
over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash at bank and in hand

Cash at bank and in hand 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 current liabilities.

1.7
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
LAWESWATER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future
payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are
not amortised.
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024
7,796
Disposals
(7,796)
At 31 August 2024
-
0
Depreciation and impairment
At 1 March 2024
6,961
Depreciation charged in the period
209
Eliminated in respect of disposals
(7,170)
At 31 August 2024
-
0
Carrying amount
At 31 August 2024
-
0
At 29 February 2024
835
LAWESWATER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 4 -
4
Debtors
2024
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
3,341
5
Creditors: amounts falling due within one year
2024
2024
£
£
Taxation and social security
241
3,996
Other creditors
2,856
8,361
3,097
12,357
6
Called up share capital
2024
2024
2024
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
2024-08-312024-03-01falsefalsefalse18 February 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityL Ansley-WatsonP Ansley-WatsonL Ansley-Watson037097202024-03-012024-08-31037097202024-08-31037097202024-02-2903709720core:OtherPropertyPlantEquipment2024-08-3103709720core:OtherPropertyPlantEquipment2024-02-2903709720core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3103709720core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2903709720core:CurrentFinancialInstruments2024-08-3103709720core:CurrentFinancialInstruments2024-02-2903709720core:ShareCapital2024-08-3103709720core:ShareCapital2024-02-2903709720core:RetainedEarningsAccumulatedLosses2024-08-3103709720core:RetainedEarningsAccumulatedLosses2024-02-2903709720bus:Director12024-03-012024-08-3103709720core:FurnitureFittings2024-03-012024-08-3103709720core:ComputerEquipment2024-03-012024-08-31037097202023-03-012024-02-2903709720core:OtherPropertyPlantEquipment2024-02-2903709720core:OtherPropertyPlantEquipment2024-03-012024-08-3103709720bus:PrivateLimitedCompanyLtd2024-03-012024-08-3103709720bus:SmallCompaniesRegimeForAccounts2024-03-012024-08-3103709720bus:FRS1022024-03-012024-08-3103709720bus:AuditExemptWithAccountantsReport2024-03-012024-08-3103709720bus:Director22024-03-012024-08-3103709720bus:CompanySecretary12024-03-012024-08-3103709720bus:FullAccounts2024-03-012024-08-31xbrli:purexbrli:sharesiso4217:GBP