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REGISTERED NUMBER: 06632166 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

LANNETH DEVELOPMENTS LTD

LANNETH DEVELOPMENTS LTD (REGISTERED NUMBER: 06632166)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LANNETH DEVELOPMENTS LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Wilson
Mrs M Wilson





SECRETARY:





REGISTERED OFFICE: 16 Green Lane
Sheffield
S35 0DL





REGISTERED NUMBER: 06632166 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

LANNETH DEVELOPMENTS LTD (REGISTERED NUMBER: 06632166)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £   
CURRENT ASSETS
Debtors 4 254 10,281
Cash at bank and in hand 35,162 61,153
35,416 71,434
CREDITORS
Amounts falling due within one year 5 10,862 24,724
NET CURRENT ASSETS 24,554 46,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,554

46,710

CREDITORS
Amounts falling due after more than one
year

6

8,889

13,333
NET ASSETS 15,665 33,377

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 15,645 33,357
SHAREHOLDERS' FUNDS 15,665 33,377

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:




Mrs M Wilson - Director


LANNETH DEVELOPMENTS LTD (REGISTERED NUMBER: 06632166)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Lanneth Developments 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.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Other debtors 254 10,281

LANNETH DEVELOPMENTS LTD (REGISTERED NUMBER: 06632166)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 1 -
Taxation and social security - 10,699
Other creditors 10,861 14,025
10,862 24,724

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Other creditors 8,889 13,333