Registered number
04655253
Lanvar Limited
Filleted Accounts
31 March 2025
Lanvar Limited
Registered number: 04655253
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 265,319 268,942
Current assets
Cash at bank and in hand 8,243 10,342
Creditors: amounts falling due within one year 4 (8,634) (4,275)
Net current (liabilities)/assets (391) 6,067
Total assets less current liabilities 264,928 275,009
Provisions for liabilities (13,684) (13,684)
Net assets 251,244 261,325
Capital and reserves
Called up share capital 149,000 149,000
Profit and loss account 102,244 112,325
Shareholders' funds 251,244 261,325
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F H Annis
Director
Approved by the board on 5 April 2025
Lanvar Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Leasehold land and buildings not applicable
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 258,075 27,339 285,414
At 31 March 2025 258,075 27,339 285,414
Depreciation
At 1 April 2024 - 16,472 16,472
Charge for the year - 3,623 3,623
At 31 March 2025 - 20,095 20,095
Net book value
At 31 March 2025 258,075 7,244 265,319
At 31 March 2024 258,075 10,867 268,942
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 400 8
Taxation and social security costs 1,144 4,266
Other creditors 7,090 1
8,634 4,275
5 Other information
Lanvar Limited is a private company limited by shares and incorporated in England. Its registered office is:
Royal Oak
High Street
Church Eaton
Stafford
ST20 0AJ
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