Registered number
03762404
LARCHGUILD LIMITED
Filleted Accounts
30 September 2024
LARCHGUILD LIMITED
Registered number: 03762404
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 875,000 875,000
Current assets
Debtors 4 481,617 361,163
Cash at bank and in hand 16,947 131,043
498,564 492,206
Creditors: amounts falling due within one year 5 (10,504) (13,711)
Net current assets 488,060 478,495
Total assets less current liabilities 1,363,060 1,353,495
Creditors: amounts falling due after more than one year 6 (404,000) (404,000)
Provisions for liabilities (96,506) (96,506)
Net assets 862,554 852,989
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 411,419 411,419
Profit and loss account 451,035 441,470
Shareholders' funds 862,554 852,989
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohinderpal Singh DHALIWAL
Director
Approved by the board on 25 June 2025
LARCHGUILD LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes (if applicable). Turnover represents the value of rent and service charge receivable.
Investment properties
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 875,000
At 30 September 2024 875,000
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 875,000
At 30 September 2023 875,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 367,075 367,075
Cumulative depreciation based on historical cost - -
367,075 367,075
The investment properties were measured for fair value by the directors, and in their opinion the
fair value of the investment property is fairly stated.
4 Debtors 2024 2023
£ £
Trade debtors 6,047 5,323
Directors loan account 5,570 5,840
Other debtors 470,000 350,000
481,617 361,163
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 463
Taxation and social security costs 7,949 11,087
Other creditors 2,555 2,161
10,504 13,711
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 404,000 404,000
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 404,000 404,000
Secured bank loans 404,000 404,000
The bank loan is secured on first charge over the freehold land and building held by the company.
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 411,419 411,419
At 30 September 2024 411,419 411,419
9 Related party transactions
Other debtors include total unsecured loan £470,000 (2023: £350,000) to the following companies: 1) DBK Investments Ltd £270,000 (2023: £180,000l) , 2) MD & K Properties Ltd £170,000 (2023: £170,000) and 3) Future Properties(cl) Ltd £30,000(2023: Nil). DBK Investments Ltd is controlled by Mr K S Sandhu. MD & K Properties Ltd and Future Properties Ltd is controlled by Mr M S Dhaliwal.
10 Controlling party
In the opinion of the directors the company is not under the control of any one individual.
11 Other information
LARCHGUILD LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
65 Delamere Road
Hayes
UB4 0NN
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