Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08268243 Mr Timothy Whitworth Adrem Accounting ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08268243 2023-10-31 08268243 2024-10-31 08268243 2023-11-01 2024-10-31 08268243 frs-core:CurrentFinancialInstruments 2024-10-31 08268243 frs-core:FurnitureFittings 2024-10-31 08268243 frs-core:FurnitureFittings 2023-11-01 2024-10-31 08268243 frs-core:FurnitureFittings 2023-10-31 08268243 frs-core:MotorVehicles 2024-10-31 08268243 frs-core:MotorVehicles 2023-11-01 2024-10-31 08268243 frs-core:MotorVehicles 2023-10-31 08268243 frs-core:ShareCapital 2024-10-31 08268243 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08268243 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08268243 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08268243 frs-bus:SmallEntities 2023-11-01 2024-10-31 08268243 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08268243 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08268243 frs-bus:Director1 2023-11-01 2024-10-31 08268243 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 08268243 frs-countries:EnglandWales 2023-11-01 2024-10-31 08268243 2022-10-31 08268243 2023-10-31 08268243 2022-11-01 2023-10-31 08268243 frs-core:CurrentFinancialInstruments 2023-10-31 08268243 frs-core:ShareCapital 2023-10-31 08268243 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08268243
Lonstile Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Adrem Accounting ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08268243
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,345 67,354
Investment Properties 5 3,787,535 3,787,535
3,830,880 3,854,889
Creditors: Amounts Falling Due Within One Year 6 (1,113,600 ) (1,064,631 )
NET CURRENT ASSETS (LIABILITIES) (1,113,600 ) (1,064,631 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,717,280 2,790,258
NET ASSETS 2,717,280 2,790,258
CAPITAL AND RESERVES
Called up share capital 7 2,993,502 2,993,502
Profit and Loss Account (276,222 ) (203,244 )
SHAREHOLDERS' FUNDS 2,717,280 2,790,258
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Timothy Whitworth
Director
21/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lonstile Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08268243 . The registered office is Wincham House, Greenfield Farm Trading Estate, Congleton, Cheshire, CW12 4TR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 2
Page 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 77,341 57,366 134,707
As at 31 October 2024 77,341 57,366 134,707
Depreciation
As at 1 November 2023 38,670 28,683 67,353
Provided during the period 14,342 9,667 24,009
As at 31 October 2024 53,012 38,350 91,362
Net Book Value
As at 31 October 2024 24,329 19,016 43,345
As at 1 November 2023 38,671 28,683 67,354
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 3,787,535
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Accruals and deferred income 729 630
Director's loan account 1,112,871 1,064,000
1,113,600 1,064,631
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,993,502 2,993,502
Page 3