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COMPANY REGISTRATION NUMBER: 11748987
Lazenbury House Limited
Filleted Unaudited Financial Statements
30 June 2024
Lazenbury House Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Current assets
Stocks
311,445
311,445
Debtors
4
24,912
24,912
Cash at bank and in hand
819
1,163
---------
---------
337,176
337,520
Creditors: amounts falling due within one year
5
152,228
156,432
---------
---------
Net current assets
184,948
181,088
---------
---------
Total assets less current liabilities
184,948
181,088
Creditors: amounts falling due after more than one year
6
164,676
170,105
---------
---------
Net assets
20,272
10,983
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
20,172
10,883
--------
--------
Shareholders funds
20,272
10,983
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 May 2025 , and are signed on behalf of the board by:
T M Lazenbury Esq
Director
Company registration number: 11748987
Lazenbury House Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Debtors
2024
2023
£
£
Other debtors
24,912
24,912
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,565
5,670
Corporation tax
3,081
2,754
Other creditors
143,582
148,008
---------
---------
152,228
156,432
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
29,676
35,105
Other creditors
135,000
135,000
---------
---------
164,676
170,105
---------
---------
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
T M Lazenbury Esq
( 419)
( 419)
----
----
----
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
T M Lazenbury Esq
----
----
----
8. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2024
2023
2024
2023
£
£
£
£
Lazenbury Limited
5,445
5,949
( 276,963)
( 282,408)
Trevor Michael Lazenbury Limited
24,812
24,812
Lazenbury Property Management Limited
(600)
(600)
( 1,200)
( 600)
-------
-------
---------
---------
T M Lazenbury is the managing director and sole shareholder of Lazenbury Ltd. T M Lazenbury is the managing director and sole shareholder of Trevor Michael Lazenbury Limited. T M Lazenbury is the managing director and sole shareholder of Lazenbury Property Management Limited.