Registration number:
Langcourt Properties Limited
for the
Year Ended 30 November 2024
Langcourt Properties Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Langcourt Properties Limited
Company Information
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Directors |
G Slater Mrs R M Slater |
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Registered office |
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Accountants |
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Langcourt Properties Limited
(Registration number: 08224364)
Balance Sheet as at 30 November 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Investments |
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- |
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Other financial assets |
- |
300 |
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Current assets |
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Debtors |
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Other financial assets |
2,597 |
2,597 |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Other reserves |
(193,330) |
(193,330) |
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Retained earnings |
1,176,840 |
1,124,889 |
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Shareholders' funds |
983,610 |
931,659 |
For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Langcourt Properties Limited
(Registration number: 08224364)
Balance Sheet as at 30 November 2024
Approved and authorised by the
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Langcourt Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
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Accounting policies |
Summary of significant accounting policies 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 Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency of the financial statements is Pound Sterling (£).
Group accounts not prepared
Revenue recognition
Turnover represents rents receivable. Turnover is recognised when the company obtains the right to consideration.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Langcourt Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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2 |
Accounting policies (continued) |
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 taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
15% reducing balance |
Investment property
Langcourt Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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2 |
Accounting policies (continued) |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Langcourt Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Tangible assets |
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Office equipment |
Total |
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Cost or valuation |
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At 1 December 2023 |
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At 30 November 2024 |
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Depreciation |
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At 1 December 2023 |
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Charge for the year |
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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Investment properties |
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2024 |
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At 1 December |
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At 30 November |
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The investment properties were valued by the directors on 30 November 2022. The directors do not consider the value to have changed significantly from this valuation.
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Investments |
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2024 |
2023 |
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Investments in subsidiaries |
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- |
Langcourt Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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6 |
Investments (continued) |
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Subsidiaries |
£ |
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Cost or valuation |
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Additions |
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Provision |
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Carrying amount |
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At 30 November 2024 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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c/o Langcourt Properties Ltd
United Kingdom |
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Subsidiary undertakings |
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Holmes and Moore Ltd The principal activity of Holmes and Moore Ltd is |
Langcourt Properties Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Other financial assets (current and non-current) |
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2024 |
2023 |
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Non-current financial assets |
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Financial assets at cost less impairment |
- |
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Debtors |
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Note |
2024 |
2023 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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- |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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