Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04983490 Mrs Jane Lockyer Mr James Lockyer Mrs Jane Lockyer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04983490 2023-10-31 04983490 2024-10-31 04983490 2023-11-01 2024-10-31 04983490 frs-core:CurrentFinancialInstruments 2024-10-31 04983490 frs-core:PlantMachinery 2024-10-31 04983490 frs-core:PlantMachinery 2023-11-01 2024-10-31 04983490 frs-core:PlantMachinery 2023-10-31 04983490 frs-core:RevaluationReserve 2023-10-31 04983490 frs-core:RevaluationReserve 2024-10-31 04983490 frs-core:ShareCapital 2024-10-31 04983490 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04983490 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04983490 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04983490 frs-bus:SmallEntities 2023-11-01 2024-10-31 04983490 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04983490 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04983490 frs-bus:Director1 2023-11-01 2024-10-31 04983490 frs-bus:Director2 2023-11-01 2024-10-31 04983490 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04983490 frs-countries:EnglandWales 2023-11-01 2024-10-31 04983490 2022-10-31 04983490 2023-10-31 04983490 2022-11-01 2023-10-31 04983490 frs-core:CurrentFinancialInstruments 2023-10-31 04983490 frs-core:RevaluationReserve 2023-10-31 04983490 frs-core:ShareCapital 2023-10-31 04983490 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 04983490
James Lockyer Developments Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04983490
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,377 4,503
Investment Properties 5 650,000 650,000
653,377 654,503
CURRENT ASSETS
Debtors 6 2,221 92
Cash at bank and in hand 44,204 86,737
46,425 86,829
Creditors: Amounts Falling Due Within One Year 7 (26,539 ) (41,735 )
NET CURRENT ASSETS (LIABILITIES) 19,886 45,094
TOTAL ASSETS LESS CURRENT LIABILITIES 673,263 699,597
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,287 ) (51,604 )
NET ASSETS 621,976 647,993
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 151,328 151,328
Profit and Loss Account 470,548 496,565
SHAREHOLDERS' FUNDS 621,976 647,993
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Lockyer
Director
5 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
James Lockyer Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04983490 . The registered office is 7 Buttlegate, Downderry, Torpoint, Cornwall, PL11 3NQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received for the rental of investment property owned by the
company. Turnover is shown net of value added tax, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that
future economic benefits will flow to the entity
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Investment Properties
Investment property is carried at fair value, derived from the current market prices for comparable real estate
determined annually by the directors. The directors use observable market prices, adjusted if necessary for any
difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or
loss.
2.5. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a
change attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable
income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
2.6. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the
company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient
assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If
contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 9,466
As at 31 October 2024 9,466
Depreciation
As at 1 November 2023 4,963
Provided during the period 1,126
As at 31 October 2024 6,089
Net Book Value
As at 31 October 2024 3,377
As at 1 November 2023 4,503
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 650,000
The director's have agreed on a fair value of the property based on the market value of a previous purchase offer.
The cost of the investment property before revaluation was £448,229.
There has been no valuation of investment property by an independent valuer.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,221 -
Other debtors - 92
2,221 92
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (2 )
Other creditors 9,560 12,271
Taxation and social security 16,979 29,466
26,539 41,735
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Reserves
Revaluation Reserve
£
As at 1 November 2023 151,328
As at 31 October 2024 151,328
Page 5