REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2023 to 31 March 2024 |
for |
Langworth Resources Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2023 to 31 March 2024 |
for |
Langworth Resources Limited |
Langworth Resources Limited (Registered number: 07025851) |
Contents of the Financial Statements |
for the Period 1 October 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Langworth Resources Limited |
Company Information |
for the Period 1 October 2023 to 31 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants and Business Advisers |
Medway House |
Fudan Way |
Teesdale Business Park |
Stockton on Tees |
TS17 6EN |
Langworth Resources Limited (Registered number: 07025851) |
Abridged Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
Langworth Resources Limited (Registered number: 07025851) |
Abridged Balance Sheet - continued |
31 March 2024 |
The financial statements were approved by the director and authorised for issue on |
Langworth Resources Limited (Registered number: 07025851) |
Notes to the Financial Statements |
for the Period 1 October 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Langworth Resources Limited is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
CHANGE IN REPORTING PERIOD |
The company has shortened its reporting period to end on 31 March 2024 to align with the financial year end of related companies. Comparative figures for the year ended 30 September 2023 are not entirely comparable with figures for the period ended 31 March 2024. |
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 |
Land and buildings | - |
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 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 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. |
FOREIGN CURRENCIES |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
SHARE CAPITAL |
Called up share capital is alloted, issued and fully paid. |
Langworth Resources Limited (Registered number: 07025851) |
Notes to the Financial Statements - continued |
for the Period 1 October 2023 to 31 March 2024 |
2. | ACCOUNTING POLICIES - continued |
FIXED ASSET INVESTMENTS |
Fixed asset investments are initially recognised at cost and subsequently measured at cost less impairment. At the end of each reporting period, fixed asset investments are reviewed to assess whether there are any indications of impairment. An impairment is recognised when the carrying amount of the investment exceeds its recoverable amount and is adjusted in the profit and loss account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 October 2023 |
Additions |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 September 2023 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 October 2023 |
and 31 March 2024 | 1,125,195 |
NET BOOK VALUE |
At 31 March 2024 | 1,125,195 |
At 30 September 2023 | 1,125,195 |
6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 31 March 2024 and the year ended 30 September 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
No interest was charged for the period ended 31 March 2024 and there were no set repayment terms. |
Langworth Resources Limited (Registered number: 07025851) |
Notes to the Financial Statements - continued |
for the Period 1 October 2023 to 31 March 2024 |
7. | RELATED PARTY DISCLOSURES |
The directors consider that there are no transactions that require disclosure pursuant to paragraph 1AC.35 of FRS 102 for either the period ended 31 March 2024 or the year ended 30 September 2023. |