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REGISTERED NUMBER: 00677545 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEAMINGTON AND LULWORTH ESTATES LIMITED

LEAMINGTON AND LULWORTH ESTATES LIMITED (REGISTERED NUMBER: 00677545)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEAMINGTON AND LULWORTH ESTATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: Mrs H J Gerrish
Mrs A Dutaut





SECRETARY: Mrs H J Gerrish





REGISTERED OFFICE: The Paddocks
Ashburnham Drive
Walters Ash
Buckinghamshire
HP14 4UD





REGISTERED NUMBER: 00677545 (England and Wales)





ACCOUNTANTS: O'Sullivan & Co
Chartered Certified Accountants
The Paddocks
Ashburnham Drive
Walters Ash
Buckinghamshire
HP14 4UD

LEAMINGTON AND LULWORTH ESTATES LIMITED (REGISTERED NUMBER: 00677545)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,601 14,921
Investments 5 18,647 13,353
Investment property 6 600,000 600,000
633,248 628,274

CURRENT ASSETS
Debtors 7 1,574 2,555
Cash at bank 21,238 9,937
22,812 12,492
CREDITORS
Amounts falling due within one year 8 13,583 13,516
NET CURRENT ASSETS/(LIABILITIES) 9,229 (1,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,477

627,250

PROVISIONS FOR LIABILITIES 67,380 66,374
NET ASSETS 575,097 560,876

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Revaluation reserve 9 526,288 522,000
Retained earnings 33,809 23,876
SHAREHOLDERS' FUNDS 575,097 560,876

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

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

LEAMINGTON AND LULWORTH ESTATES LIMITED (REGISTERED NUMBER: 00677545)

BALANCE SHEET - continued
31 MARCH 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 7 June 2025 and were signed on its behalf by:




Mrs H J Gerrish - Director



Mrs A Dutaut - Director


LEAMINGTON AND LULWORTH ESTATES LIMITED (REGISTERED NUMBER: 00677545)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

Leamington and Lulworth Estates 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

Summary of significant accounting polices and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared under the historical cost convention.except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition
Turnover represents amounts receivable for rent.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset, other than land and properties under construction, over its estimated useful life,

Freehold property - 1% on cost
Plant and machinery - 15% on reducing balance
Furniture & equipment - 15% on reducing balance

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any item have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

LEAMINGTON AND LULWORTH ESTATES LIMITED (REGISTERED NUMBER: 00677545)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 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.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital
Ordinary shares are classified as equity.

Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. EMPLOYEES AND DIRECTORS

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

LEAMINGTON AND LULWORTH ESTATES LIMITED (REGISTERED NUMBER: 00677545)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 19,790 23,135 42,925
DEPRECIATION
At 1 April 2023 5,682 22,322 28,004
Charge for year 198 122 320
At 31 March 2024 5,880 22,444 28,324
NET BOOK VALUE
At 31 March 2024 13,910 691 14,601
At 31 March 2023 14,108 813 14,921

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 13,353
Revaluations 5,294
At 31 March 2024 18,647
NET BOOK VALUE
At 31 March 2024 18,647
At 31 March 2023 13,353

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 13,353
Valuation in 2024 5,294
18,647

Listed Investments are at market value at 31 March 2024.

LEAMINGTON AND LULWORTH ESTATES LIMITED (REGISTERED NUMBER: 00677545)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 600,000
NET BOOK VALUE
At 31 March 2024 600,000
At 31 March 2023 600,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 600,000

If Investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 29,685 29,685
Aggregate depreciation (6,147 ) (6,147 )

Investment property was valued on an open market basis on 31 March 2024 by the directors. .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 1,269
Other debtors 1,574 1,286
1,574 2,555

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 1
Taxation and social security 8,299 1,940
Other creditors 5,284 11,575
13,583 13,516

LEAMINGTON AND LULWORTH ESTATES LIMITED (REGISTERED NUMBER: 00677545)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 522,000
Revaluation in year 4,288

At 31 March 2024 526,288

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs H J Gerrish
Balance outstanding at start of year 200 -
Amounts advanced - 200
Amounts repaid (200 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 200

Mrs A Dutaut
Balance outstanding at start of year 309 -
Amounts advanced - 309
Amounts repaid (309 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 309