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REGISTERED NUMBER: 09009452 (England and Wales)















LONGWORTH CREDIT SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31ST MARCH 2023 TO 29TH MARCH 2024






LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31ST MARCH 2023 TO 29TH MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


LONGWORTH CREDIT SERVICES LTD

COMPANY INFORMATION
FOR THE PERIOD 31ST MARCH 2023 TO 29TH MARCH 2024







DIRECTOR: D K W Lo





REGISTERED OFFICE: 16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF





REGISTERED NUMBER: 09009452 (England and Wales)






LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452)

BALANCE SHEET
29TH MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,088 12,610
Investment property 5 215,000 215,000
225,088 227,610

CURRENT ASSETS
Debtors 6 120,125 532,857
Cash at bank 229 29,548
120,354 562,405
CREDITORS
Amounts falling due within one year 7 227,633 670,513
NET CURRENT LIABILITIES (107,279 ) (108,108 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,809

119,502

CREDITORS
Amounts falling due after more than one
year

8

(9,321

)

(13,397

)

PROVISIONS FOR LIABILITIES 9 (797 ) (1,205 )
NET ASSETS 107,691 104,900

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,591 104,800
SHAREHOLDERS' FUNDS 107,691 104,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th March 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.

LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452)

BALANCE SHEET - continued
29TH MARCH 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 19th March 2025 and were signed by:





D K W Lo - Director


LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31ST MARCH 2023 TO 29TH MARCH 2024

1. STATUTORY INFORMATION

Longworth Credit Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The creditors shown in the financial statements refer to an amount due to the director. The director has indicated that this sum will not be withdrawn within the next twelve months and that he will continue to financially support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 20% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31st March 2023
and 29th March 2024 30,787
DEPRECIATION
At 31st March 2023 18,177
Charge for period 2,522
At 29th March 2024 20,699
NET BOOK VALUE
At 29th March 2024 10,088
At 30th March 2023 12,610

LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST MARCH 2023 TO 29TH MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31st March 2023
and 29th March 2024 215,000
NET BOOK VALUE
At 29th March 2024 215,000
At 30th March 2023 215,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 120,125 532,857

Included in other debtors is and amount of £120,125 (2023 £532,857) owed by Johns Jones and Lo Limited. D. Lo is a director of Johns Jones and Lo Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 40,032 36,142
Other creditors 187,601 634,371
227,633 670,513

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 9,321 13,397

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 797 1,205

Deferred
tax
£   
Balance at 31st March 2023 1,205
Provided during period (408 )
Balance at 29th March 2024 797

LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST MARCH 2023 TO 29TH MARCH 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 29th March 2024 and 30th March 2023:

2024 2023
£    £   
D K W Lo
Balance outstanding at start of period (630,295 ) (649,372 )
Amounts advanced 446,769 19,077
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (183,526 ) (630,295 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is D K W Lo.

The ultimate controlling party is D K W Lo.