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REGISTERED NUMBER: 08464445 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Lardon Developments Limited

Lardon Developments Limited (Registered number: 08464445)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Lardon Developments Limited

Company Information
for the Year Ended 31 August 2024







Directors: L G Frankum
D Coyle





Registered office: 6 Wendell Road
London
W12 9RT





Registered number: 08464445 (England and Wales)





Accountants: Freeman Carr
Chartered Certified Accountants
The Gatehouse
2 Devonhurst Place
Heathfield Terrace
Chiswick
London
W4 4JD

Lardon Developments Limited (Registered number: 08464445)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £
Fixed assets
Tangible assets 4 - -
Investment property 5 6,350,000 6,350,000
6,350,000 6,350,000

Current assets
Debtors 6 48 32,361
Cash at bank 27,253 7,597
27,301 39,958
Creditors
Amounts falling due within one year 7 123,430 84,559
Net current liabilities (96,129 ) (44,601 )
Total assets less current liabilities 6,253,871 6,305,399

Creditors
Amounts falling due after more than one
year

8

(3,480,000

)

(3,530,000

)

Provisions for liabilities (575,000 ) (575,000 )
Net assets 2,198,871 2,200,399

Capital and reserves
Called up share capital 1,200 1,200
Retained earnings 2,197,671 2,199,199
2,198,871 2,200,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Lardon Developments Limited (Registered number: 08464445)

Balance Sheet - continued
31 August 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:




L G Frankum - Director



D Coyle - Director


Lardon Developments Limited (Registered number: 08464445)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

Lardon Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Going Concern
The directors have considered the company's prospects over the next twelve months and have not identified any material circumstances that may affect the company's ability to continue its operations. Accordingly, the directors consider that the company is a going concern as at the date of approval of these accounts.

Turnover
Turnover is in respect of rents receivable from properties owned by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the assets over their estimated useful lives:

Plant and machinery: 20%

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like cash and bank balances, trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Lardon Developments Limited (Registered number: 08464445)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 September 2023
and 31 August 2024 35,000
Depreciation
At 1 September 2023
and 31 August 2024 35,000
Net book value
At 31 August 2024 -

5. Investment property
Total
£
Fair value
At 1 September 2023
and 31 August 2024 6,350,000
Net book value
At 31 August 2024 6,350,000
At 31 August 2023 6,350,000

Fair value at 31 August 2024 is represented by:
£
Valuation in 2021 3,827,098
Valuation in 2022 2,522,902
6,350,000

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 48 32,361

Lardon Developments Limited (Registered number: 08464445)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 40,000 40,000
Other creditors 83,430 44,559
123,430 84,559

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 3,480,000 3,530,000