| Langwith Property Limited |
| Registered Number:04796504 |
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2024
Langwith Property Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Langwith Property Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
4,437
360
2
3
2,000,000
2,000,000
2,004,437
2,000,360
| Trade and other receivables |
24,662
26,895
4
4
| Cash and cash equivalents |
13,165
40,060
24,666
| Trade and other payables: amounts falling due within one year |
(322,773)
(340,735)
5
(298,107)
(300,675)
Net current liabilities
| Total assets less current liabilities |
1,703,762
1,702,253
| Trade and other payables: amounts falling due after more than one year |
(410,780)
(353,837)
6
(111,440)
(111,440)
| Provisions for liabilities |
1,238,485
Net assets
1,180,033
100
100
475,458
475,458
762,927
704,475
1,238,485
1,180,033
Shareholders' funds
| For the year ended 30 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 June 2024
Langwith Property Limited
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 04 April 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 June 2024
Langwith Property Limited
Notes to the Financial Statements
Statutory Information
| Langwith Property Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04796504. |
Wells Farm
Greaves Sike Lane
Micklebring
Rotherham
S88 7RR
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
| been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Computer equipment
Motor vehicles
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives are |
| sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors |
| undertake an annual impairment review of these properties. |
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. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 30 June 2024
Langwith Property Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
450
450
-
5,000
-
5,000
5,000
450
5,450
| Provision for depreciation and impairment |
90
90
-
Charge for year
923
90
833
1,013
180
833
4,167
270
4,437
-
360
360
2,000,000
2,000,000
2,000,000
2,000,000
The historical cost of these properties is £1,388,470. (2023: £1,388,470).
| 4. Trade and other receivables |
2023
2024
7,200
1,700
| Amounts owed by group undertakings and participating interests |
9,594
9,594
10,101
13,368
24,662
26,895
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For the year ended 30 June 2024
Langwith Property Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
68,925
77,880
-
89
30,597
26,002
| Amounts owed to group undertaking and undertaking in which the company has a |
| participating interest |
145,309
135,084
| Taxation and social security |
60,876
66,152
35,028
17,566
340,735
322,773
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
| Bank loans and overdraft (secured) |
353,837
410,780
| 7. Related party transactions |
| The company is wholly owned by Mediafun Limited. At the year end Mediafun Limited owes this company £9,594 (2023: £9,594). |
| At the year end £145,309 (2023: £135,084) is owed to Forward Protective Coatings Ltd, a company under common ownership. |
| 8. Average number of persons employed |
During the year the average number of employees was 0
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