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REGISTERED NUMBER: 14974951 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 3 JULY 2023 TO 30 JUNE 2024

FOR

LABOUR TOGETHER PROJECTS LIMITED

LABOUR TOGETHER PROJECTS LIMITED (REGISTERED NUMBER: 14974951)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 3 July 2023 to 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LABOUR TOGETHER PROJECTS LIMITED

COMPANY INFORMATION
for the Period 3 July 2023 to 30 June 2024







DIRECTORS: Baroness S Morgan
Lord J A Kestenbaum





SECRETARY: M Upton





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 14974951 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

LABOUR TOGETHER PROJECTS LIMITED (REGISTERED NUMBER: 14974951)

STATEMENT OF FINANCIAL POSITION
30 June 2024

Notes £   
CURRENT ASSETS
Debtors 4 267,957
Cash at bank 236,196
504,153
CREDITORS
Amounts falling due within one year 5 300,951
NET CURRENT ASSETS 203,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,202

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 203,201
203,202

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

The members have not required the company to obtain an audit of its financial statements for the period 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 26 March 2025 and were signed on its behalf by:





Baroness S Morgan - Director


LABOUR TOGETHER PROJECTS LIMITED (REGISTERED NUMBER: 14974951)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 3 July 2023 to 30 June 2024

1. STATUTORY INFORMATION

Labour Together Projects Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Revenue from the sale of services are recognised when the significant risks and rewards of ownership of the service have transferred to the buyer, usually when the service has been provided. The amount of revenue must be able to be measured reliably, it is considered probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Taxation
Taxation for the period 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 statement of financial position date.


LABOUR TOGETHER PROJECTS LIMITED (REGISTERED NUMBER: 14974951)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 3 July 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 71,500
Other debtors 196,457
267,957

Included in debtors due within one year are prepayments of £2,200 and accrued income of £148,750.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 12,394
Amounts owed to group undertakings 216,982
Taxation and social security 68,075
Other creditors 3,500
300,951

Included in creditors due within one year are accrued expenses of £3,500.

6. ULTIMATE CONTROLLING PARTY

The company is under the control of parent company, Labour Together Limited and the registered office is Langley House, Park Road, London, N2 8EY