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REGISTERED NUMBER: 00339826 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Lanes Construction Co. (Manchester)
Limited

Lanes Construction Co. (Manchester)
Limited (Registered number: 00339826)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Lanes Construction Co. (Manchester)
Limited (Registered number: 00339826)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,581 7,632
Investment property 5 6,383,432 6,383,432
6,389,013 6,391,064

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 53,482 58,209
Cash at bank and in hand 132,094 172,096
186,576 231,305
CREDITORS
Amounts falling due within one year 7 (78,156 ) (61,331 )
NET CURRENT ASSETS 108,420 169,974
TOTAL ASSETS LESS CURRENT LIABILITIES 6,497,433 6,561,038

CREDITORS
Amounts falling due after more than one
year

8

(171,755

)

(188,085

)

PROVISIONS FOR LIABILITIES (1,137,434 ) (1,137,947 )
NET ASSETS 5,188,244 5,235,006

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Fair value reserve 10 3,408,116 3,408,116
Retained earnings 1,760,128 1,806,890
SHAREHOLDERS' FUNDS 5,188,244 5,235,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Lanes Construction Co. (Manchester)
Limited (Registered number: 00339826)

Balance Sheet - continued
30 September 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 10 March 2025 and were signed on its behalf by:





Mr R A Lane - Director


Lanes Construction Co. (Manchester)
Limited (Registered number: 00339826)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Lanes Construction Co. (Manchester) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00339826

Registered office: Suites 4 and 5, Rex Buildings
Alderley Road
Wilmslow
Cheshire
SK9 1HY

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
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Office equipment - 33% on cost

Investment property
Fixed asset investments are stated at historical cost less provision for any diminution in value.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Lanes Construction Co. (Manchester)
Limited (Registered number: 00339826)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 25,820 6,780 18,927 51,527
Disposals (19,257 ) (4,849 ) (855 ) (24,961 )
At 30 September 2024 6,563 1,931 18,072 26,566
DEPRECIATION
At 1 October 2023 20,262 5,277 18,356 43,895
Charge for year 508 151 378 1,037
Eliminated on disposal (18,779 ) (4,352 ) (816 ) (23,947 )
At 30 September 2024 1,991 1,076 17,918 20,985
NET BOOK VALUE
At 30 September 2024 4,572 855 154 5,581
At 30 September 2023 5,558 1,503 571 7,632

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 6,383,432
NET BOOK VALUE
At 30 September 2024 6,383,432
At 30 September 2023 6,383,432

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2017 1,934,611
Valuation in 2022 2,609,543
Cost 1,839,278
6,383,432

If the investment properties had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 1,839,277 1,839,277

Investment properties were valued on an open market basis on 13 June 2022 by Mr S Lane .

Lanes Construction Co. (Manchester)
Limited (Registered number: 00339826)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 33,799 44,619
Other debtors 19,683 13,590
53,482 58,209

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 7,830 7,830
Trade creditors 34,074 32,818
Taxation and social security 9,942 8,990
Other creditors 26,310 11,693
78,156 61,331

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 81,260 90,203
Other creditors 90,495 97,882
171,755 188,085

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years by installments 50,332 59,275
Mortgage more than 5 years 68,735 76,122
119,067 135,397

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 89,090 98,033
Mortgage 96,095 103,482
185,185 201,515

The mortgage loans with The Skipton Building Society and the bank loan with Barclays Bank plc are secured by legal charges on four investment properties.

Lanes Construction Co. (Manchester)
Limited (Registered number: 00339826)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. RESERVES
Fair
value
reserve
£   
At 1 October 2023
and 30 September 2024 3,408,116