Registered number
14514354
Lambert Gale properties Ltd
Filleted Accounts
31 July 2024
Lambert Gale properties Ltd
Registered number: 14514354
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 62,950 -
Net current assets - -
Total assets less current liabilities 62,950 -
Creditors: amounts falling due after more than one year 4 (72,058) -
Net liabilities (9,108) -
Capital and reserves
Called up share capital 100 -
Revaluation reserve 5 (9,772) -
Profit and loss account 564 -
Shareholder's funds (9,108) -
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Gale
Director
Approved by the board on 22 March 2025
Lambert Gale properties Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover refers to rents derive from commercial letting.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 72,722
Deficit on revaluation (9,772)
At 31 July 2024 62,950
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 62,950
Freehold land and buildings: 2024 2023
£ £
Historical cost 72,722 -
Cumulative depreciation based on historical cost 9,772 -
62,950 -
4 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 72,058 -
5 Revaluation reserve 2024 2023
£ £
Loss on revaluation of land and buildings (9,772) -
At 31 July 2024 (9,772) -
6 Other information
Lambert Gale properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
61 Lawe Rd
South Shields
Tyne & Wear
NE33 2AL
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