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REGISTERED NUMBER: 10844121 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LANELAY HALL LIMITED

LANELAY HALL LIMITED (REGISTERED NUMBER: 10844121)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANELAY HALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: D J C Edwards
J Smith





REGISTERED OFFICE: Lanelay Hall
Lanelay Lane
Talbot Green
Pontyclun
CF72 9LA





REGISTERED NUMBER: 10844121 (England and Wales)





ACCOUNTANTS: Aspen Waite Limited
Chartered Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

LANELAY HALL LIMITED (REGISTERED NUMBER: 10844121)

BALANCE SHEET
31ST MARCH 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 27,520 33,600
Tangible assets 5 1,037,616 679,796
1,065,136 713,396

CURRENT ASSETS
Stocks 16,621 15,632
Debtors 6 870,447 631,066
Cash at bank and in hand 215,665 293,376
1,102,733 940,074
CREDITORS
Amounts falling due within one year 7 (943,237 ) (892,532 )
NET CURRENT ASSETS 159,496 47,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,224,632

760,938

CREDITORS
Amounts falling due after more than one year 8 (312,204 ) (193,346 )

PROVISIONS FOR LIABILITIES (163,578 ) (78,466 )
NET ASSETS 748,850 489,126

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 748,849 489,125
748,850 489,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

LANELAY HALL LIMITED (REGISTERED NUMBER: 10844121)

BALANCE SHEET - continued
31ST MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:





D J C Edwards - Director


LANELAY HALL LIMITED (REGISTERED NUMBER: 10844121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Lanelay Hall 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.

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

INTANGIBLE ASSETS
Website development costs are amortised over 5 years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements - 10% straight line basis
Plant and machinery - 25% on reducing balance
Fixtures, fittings & equipment- 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment- 25% on reducing balance

Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


LANELAY HALL LIMITED (REGISTERED NUMBER: 10844121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1st April 2023 33,600
Additions 800
At 31st March 2024 34,400
AMORTISATION
Amortisation for year 6,880
At 31st March 2024 6,880
NET BOOK VALUE
At 31st March 2024 27,520
At 31st March 2023 33,600

LANELAY HALL LIMITED (REGISTERED NUMBER: 10844121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2023 282,465 219,978 394,912
Additions 120,801 50,317 282,018
At 31st March 2024 403,266 270,295 676,930
DEPRECIATION
At 1st April 2023 13,423 111,430 94,717
Charge for year 6,540 39,716 55,502
At 31st March 2024 19,963 151,146 150,219
NET BOOK VALUE
At 31st March 2024 383,303 119,149 526,711
At 31st March 2023 269,042 108,548 300,195

Motor Office
vehicles equipmt Totals
£    £    £   
COST
At 1st April 2023 - 22,060 919,415
Additions 7,500 1,760 462,396
At 31st March 2024 7,500 23,820 1,381,811
DEPRECIATION
At 1st April 2023 - 20,049 239,619
Charge for year 1,875 943 104,576
At 31st March 2024 1,875 20,992 344,195
NET BOOK VALUE
At 31st March 2024 5,625 2,828 1,037,616
At 31st March 2023 - 2,011 679,796

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 71,876 2,379
Other debtors 795,366 624,926
Prepayments 3,205 3,761
870,447 631,066

LANELAY HALL LIMITED (REGISTERED NUMBER: 10844121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 16,517 6,105
Hire purchase contracts 26,284 18,549
Trade creditors 161,305 366,141
Social security and other taxes 126,015 59,417
VAT 226,769 154,977
Other creditors 4,602 4,942
Accruals and deferred income 125,800 86,000
Deposits held on account 255,945 196,401
943,237 892,532

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans due 2-5 years 34,508 34,053
Hire purchase contracts 19,216 43,504
Social security and other taxes - 26,381
Other creditors 258,480 18,480
Directors' loan accounts - 70,928
312,204 193,346