| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 |
| FOR |
| LAMBSMEAD LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 |
| FOR |
| LAMBSMEAD LIMITED |
| LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30th November 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LAMBSMEAD LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30th November 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 222 Upper Richmond Road West |
| London |
| SW14 8AH |
| LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863) |
| BALANCE SHEET |
| 30th November 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Profit and loss - |
| non distributable reserves |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863) |
| BALANCE SHEET - continued |
| 30th November 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30th November 2024 |
| 1. | STATUTORY INFORMATION |
| LAMBSMEAD LIMITED is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and services, and where applicable , excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30th November 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a Stakeholders pension scheme. Contribution payable to the scheme are charged to the profit and loss account in the period to which they relate. |
| The company also operates a workplace pension scheme for its employees and is provided through automatic enrolment pension scheme in line with Government legislation. |
| Under the terms of this scheme, employees make pension contributions out of their salaries, and the company also makes additional contributions. |
| Contributions payable for the year are charged to the profit and loss account in the period to which they relate. Staff contribution are charged to wages and salaries and company contribution are charged to pension cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st December 2023 |
| Additions |
| At 30th November 2024 |
| DEPRECIATION |
| At 1st December 2023 |
| Charge for year |
| At 30th November 2024 |
| NET BOOK VALUE |
| At 30th November 2024 |
| At 30th November 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 2024 | 2023 |
| £ | £ |
| Gold Bullion Vault | 67,313 | 52,223 |
| The fixed asset investments are holding of 1kg of Bullion London Gold and Zürich Silver. |
| If the fixed assets investments had not been revalued they would have been included at the following historical cost: £42,461 |
| Fixed asset investments of £67,313 was valued on the open market basis on 30th November 2024 by BullionVault |
| LAMBSMEAD LIMITED (REGISTERED NUMBER: 01266863) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30th November 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors | ( |
) |
| Taxation and social security |
| Other creditors |
| 8. | RELATED PARTY DISCLOSURES |
| As at 30th November 2024, Mr S R O Deitsch, a director of the company owed the company £24,105 (2023 £24,105). This loan is interest free and repayable on demand. |
| As at 30th November 2024, the company owed Mr I Deitsch £88,027 (2023 £50,333). This loan is interest free and repayable on demand. |
| As at 30th November 2024, the company owed Mr L P Deitsch £1,245 (2023 £1,245). This loan is interest free and repayable on demand. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The directors are the ultimate controlling parties. |