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REGISTERED NUMBER: 00938919 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

LOCKGLEN BUILDERS LIMITED

LOCKGLEN BUILDERS LIMITED (REGISTERED NUMBER: 00938919)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOCKGLEN BUILDERS LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTOR: Mr Paul Anthony Hodson





REGISTERED OFFICE: Lindhead Cottage
Harwood Dale Road
Scarborough
North Yorkshire
YO13 0DN





REGISTERED NUMBER: 00938919 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

LOCKGLEN BUILDERS LIMITED (REGISTERED NUMBER: 00938919)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 930,000 930,000
930,000 930,000

CURRENT ASSETS
Debtors 6 41,299 45,930
Cash at bank 705 29,124
42,004 75,054
CREDITORS
Amounts falling due within one year 7 1,597 35,764
NET CURRENT ASSETS 40,407 39,290
TOTAL ASSETS LESS CURRENT LIABILITIES 970,407 969,290

PROVISIONS FOR LIABILITIES 145,000 145,000
NET ASSETS 825,407 824,290

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 756,297 756,297
Retained earnings 69,010 67,893
SHAREHOLDERS' FUNDS 825,407 824,290

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 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.

LOCKGLEN BUILDERS LIMITED (REGISTERED NUMBER: 00938919)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





Mr Paul Anthony Hodson - Director


LOCKGLEN BUILDERS LIMITED (REGISTERED NUMBER: 00938919)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

Lockglen Builders 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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents the total invoice value, excluding value
added tax of rents and charges for other services made during the year, together with adjustments for deferred and accrued income. Income from rents and services is recognised in the profit and loss account in the period in which the rental income relates and in which the services are delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

LOCKGLEN BUILDERS LIMITED (REGISTERED NUMBER: 00938919)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 1,156
DEPRECIATION
At 1 July 2023
and 30 June 2024 1,156
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 930,000
NET BOOK VALUE
At 30 June 2024 930,000
At 30 June 2023 930,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 901,297
Cost 28,703
930,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 41,299 45,930

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,597 35,764

LOCKGLEN BUILDERS LIMITED (REGISTERED NUMBER: 00938919)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 756,297

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr Paul Anthony Hodson
Balance outstanding at start of year 28,687 36,115
Amounts advanced 630 30,705
Amounts repaid (1,412 ) (38,133 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,905 28,687

The amounts above represent aggregates of the advances and repayments made in the year.

The loans are unsecured and repayable on demand. Interest has been charged at a rate of 2.25% per annum on any outstanding advances during the year.