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Company Registration Number 09496830























LAWSON PROPERTIES (COCKERMOUTH) LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 30 SEPTEMBER 2024























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LAWSON PROPERTIES (COCKERMOUTH) LIMITED
REGISTERED NUMBER: 09496830

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
260,446
260,446

  
260,446
260,446

Current assets
  

Debtors: amounts falling due within one year
 6 
100
100

  
100
100

Creditors: amounts falling due within one year
 7 
(215,412)
(221,290)

Net current liabilities
  
 
 
(215,312)
 
 
(221,190)

Total assets less current liabilities
  
45,134
39,256

  

Net assets
  
45,134
39,256


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
45,034
39,156

  
45,134
39,256


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
Mr R J Lawson
................................................
Ms P Lawson
Director
Director


Date: 22 April 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
LAWSON PROPERTIES (COCKERMOUTH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Lawson Properties (Cockermouth) Limited is a private company, limited by shares, domiciled in Engalnd and Wales, registration number 09496830. The registered office is Gote Mill House, Gote Road, Cockermouth, Cumbria, CA13 0JQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 2

 
LAWSON PROPERTIES (COCKERMOUTH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.


4.


Employees




The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
260,446



At 30 September 2024
260,446

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 3

 
LAWSON PROPERTIES (COCKERMOUTH) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Called up share capital not paid
100
100

100
100



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,132
1,514

Other creditors
213,480
218,976

Accruals and deferred income
800
800

215,412
221,290



8.


Related party transactions

Included in other creditors is a loan with Lawsons Haulage Limited amounting to £213,480 (2023: £218,976). The loan is interest free and not considered to be at arms length. Lawsons Haulage Limited and Lawson Properties (Cockermouth) Limited have common ownership and control.


9.


Controlling party

The company was under the control of its parent company, Nicearea Limited. Nicearea Limited's registered office and principal place of business is Gote Mill House, Gote Road, Cockermouth, Cumbria, CA13 0JQ.
There is no ultimate controlling party.


Page 4