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REGISTERED NUMBER: 13641602 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Lainston Colleys Limited

Lainston Colleys Limited (Registered number: 13641602)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lainston Colleys Limited

Company Information
for the year ended 30 September 2024







DIRECTOR: P Talbot





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 13641602 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Lainston Colleys Limited (Registered number: 13641602)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 743 1,607

CURRENT ASSETS
Stocks 6 499,427 493,952
Debtors: amounts falling due within one year 7 305 409
Cash at bank 2,042 1,545
501,774 495,906
CREDITORS
Amounts falling due within one year 8 (2,000 ) (9,500 )
NET CURRENT ASSETS 499,774 486,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

500,517

488,013

CREDITORS
Amounts falling due after more than one
year

9

(546,115

)

(524,683

)
NET LIABILITIES (45,598 ) (36,670 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (45,698 ) (36,770 )
(45,598 ) (36,670 )

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 director acknowledges his 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.

Lainston Colleys Limited (Registered number: 13641602)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 June 2025 and were signed by:





P Talbot - Director


Lainston Colleys Limited (Registered number: 13641602)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Lainston Colleys Limited is primarily engaged in the development of building projects.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is 8b Colleys Lane, Willaston, Nantwich, Cheshire, CW5 6NS and the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director.

Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Ongoing building project developments are included in stocks and no turnover is recognised until a sale has been completed.

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 end of the financial year.


Lainston Colleys Limited (Registered number: 13641602)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial year.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023
and 30 September 2024 2,591
DEPRECIATION
At 1 October 2023 984
Charge for year 864
At 30 September 2024 1,848
NET BOOK VALUE
At 30 September 2024 743
At 30 September 2023 1,607

6. STOCKS
2024 2023
£    £   
Work-in-progress 499,427 493,952

Lainston Colleys Limited (Registered number: 13641602)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 305 409

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,000 9,500

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 546,115 524,683

10. CALLED UP SHARE CAPITAL


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 30 September 2024 an amount of £546,115 is owed to the director and is included within creditors: amounts falling due after more than one year.

During the period interest of £2,000 (2023: £9,500) has been incurred by the company in respect of the director's loan. At 30 September 2024 this remains unpaid and is included with accruals: amounts falling due within one year.