Silverfin false false 31/05/2024 01/06/2023 31/05/2024 M L Powell 04/05/2016 R I Powell 04/05/2016 05 March 2025 The principal activity of the Company during the financial year was real estate consultancy. 10161663 2024-05-31 10161663 bus:Director1 2024-05-31 10161663 bus:Director2 2024-05-31 10161663 2023-05-31 10161663 core:CurrentFinancialInstruments 2024-05-31 10161663 core:CurrentFinancialInstruments 2023-05-31 10161663 core:Non-currentFinancialInstruments 2024-05-31 10161663 core:Non-currentFinancialInstruments 2023-05-31 10161663 core:ShareCapital 2024-05-31 10161663 core:ShareCapital 2023-05-31 10161663 core:RetainedEarningsAccumulatedLosses 2024-05-31 10161663 core:RetainedEarningsAccumulatedLosses 2023-05-31 10161663 core:OfficeEquipment 2023-05-31 10161663 core:OfficeEquipment 2024-05-31 10161663 bus:OrdinaryShareClass1 2024-05-31 10161663 bus:OrdinaryShareClass2 2024-05-31 10161663 bus:OrdinaryShareClass3 2024-05-31 10161663 2023-06-01 2024-05-31 10161663 bus:FilletedAccounts 2023-06-01 2024-05-31 10161663 bus:SmallEntities 2023-06-01 2024-05-31 10161663 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10161663 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10161663 bus:Director1 2023-06-01 2024-05-31 10161663 bus:Director2 2023-06-01 2024-05-31 10161663 core:OfficeEquipment 2023-06-01 2024-05-31 10161663 2022-06-01 2023-05-31 10161663 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 10161663 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 10161663 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 10161663 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 10161663 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 10161663 bus:OrdinaryShareClass3 2023-06-01 2024-05-31 10161663 bus:OrdinaryShareClass3 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10161663 (England and Wales)

LATCHMOOR PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

LATCHMOOR PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

LATCHMOOR PROPERTIES LIMITED

BALANCE SHEET

As at 31 May 2024
LATCHMOOR PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 4,343 4,825
4,343 4,825
Current assets
Stocks 4 0 13,768
Debtors 5 195,427 122,116
Cash at bank and in hand 22,432 9,009
217,859 144,893
Creditors: amounts falling due within one year 6 ( 189,479) ( 121,071)
Net current assets 28,380 23,822
Total assets less current liabilities 32,723 28,647
Creditors: amounts falling due after more than one year 7 ( 27,605) ( 30,241)
Net assets/(liabilities) 5,118 ( 1,594)
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 5,018 ( 1,694 )
Total shareholders' funds/(deficit) 5,118 ( 1,594)

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Latchmoor Properties Limited (registered number: 10161663) were approved and authorised for issue by the Board of Directors on 05 March 2025. They were signed on its behalf by:

R I Powell
Director
LATCHMOOR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
LATCHMOOR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

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

General information and basis of accounting

Latchmoor Properties 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value.

Office equipment 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Work in progress is stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 June 2023 7,597 7,597
At 31 May 2024 7,597 7,597
Accumulated depreciation
At 01 June 2023 2,772 2,772
Charge for the financial year 482 482
At 31 May 2024 3,254 3,254
Net book value
At 31 May 2024 4,343 4,343
At 31 May 2023 4,825 4,825

4. Stocks

2024 2023
£ £
Work in progress 0 13,768

5. Debtors

2024 2023
£ £
Trade debtors 181,173 112,175
Other debtors 14,254 9,941
195,427 122,116

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 163,763 93,645
Other creditors 25,716 27,426
189,479 121,071

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

2024 2023
£ £
Other loans 27,605 30,241

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
80 Ordinary shares of £ 1.00 each 80 80
10 Ordinary A shares of £ 1.00 each 10 10
10 Ordinary B shares of £ 1.00 each 10 10
100 100

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Key Management - Current Account 13,017 6,941

Interest has been included at 2.5% in line with the official HMRC rate