Company No:
Contents
Note | 31.07.2024 | |
£ | ||
Current assets | ||
Stocks | 3 |
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Debtors | 4 |
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Cash at bank and in hand |
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83,960 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (748) | |
Total assets less current liabilities | (748) | |
Net liabilities | (
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Capital and reserves | ||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholder's deficit | (
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Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Lendon Limited (registered number:
Mr T W J Samuel
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Lendon Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is West Lendon Farm, Tedburn St Mary, Exeter, EX6 6AL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The financial statements have been prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future. The company is reliant on the continued financial support of the company's directors and bankers and the directors are satisfied that the accounts should be prepared on the going concern basis.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Period from 17.07.2023 to 31.07.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including the director |
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31.07.2024 | |
£ | |
Livestock |
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31.07.2024 | |
£ | |
Other debtors |
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31.07.2024 | |
£ | |
Amounts owed to related parties |
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Amounts owed to director |
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Accruals |
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31.07.2024 | |
£ | |
Allotted, called-up and fully-paid | |
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Other related party transactions
31.07.2024 | |
£ | |
Amount due to other related party | 80,000 |
During the period, the company has a loan with a company where the director is a principal shareholder. No interest is payable on the balance and the loan is repayable on demand