Laurel Capital (UK) Limited 07534358 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of an investment company and property managing agent. Digita Accounts Production Advanced 6.30.9574.0 true true 07534358 2023-10-01 2024-09-30 07534358 2024-09-30 07534358 bus:Director1 1 2024-09-30 07534358 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-09-30 07534358 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 07534358 core:FurnitureFittings 2024-09-30 07534358 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-09-30 07534358 core:OtherRelatedParties 2024-09-30 07534358 bus:SmallEntities 2023-10-01 2024-09-30 07534358 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07534358 bus:FilletedAccounts 2023-10-01 2024-09-30 07534358 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07534358 bus:RegisteredOffice 2023-10-01 2024-09-30 07534358 bus:Director1 2023-10-01 2024-09-30 07534358 bus:Director1 1 2023-10-01 2024-09-30 07534358 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07534358 core:FurnitureFittings 2023-10-01 2024-09-30 07534358 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-10-01 2024-09-30 07534358 core:OtherRelatedParties 2023-10-01 2024-09-30 07534358 countries:EnglandWales 2023-10-01 2024-09-30 07534358 2023-09-30 07534358 bus:Director1 1 2023-09-30 07534358 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-09-30 07534358 core:OtherRelatedParties 2023-09-30 07534358 2022-10-01 2023-09-30 07534358 2023-09-30 07534358 bus:Director1 1 2023-09-30 07534358 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-09-30 07534358 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 07534358 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-09-30 07534358 core:OtherRelatedParties 2023-09-30 07534358 bus:Director1 1 2022-10-01 2023-09-30 07534358 2022-09-30 07534358 bus:Director1 1 2022-09-30 07534358 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-09-30 07534358 core:OtherRelatedParties 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 07534358

Laurel Capital (UK) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Laurel Capital (UK) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Laurel Capital (UK) Limited

(Registration number: 07534358)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,548

-

Other financial assets

5

61,561

84,776

 

66,109

84,776

Current assets

 

Cash at bank and in hand

 

21,395

14,221

Creditors: Amounts falling due within one year

6

(141,378)

(141,352)

Net current liabilities

 

(119,983)

(127,131)

Net liabilities

 

(53,874)

(42,355)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(53,875)

(42,356)

Shareholders' deficit

 

(53,874)

(42,355)

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 June 2025
 

.........................................
D S Goonetillake
Director

 

Laurel Capital (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
33 Hillersdon Avenue
London
SW13 0EG
England

2

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.

Going concern

The financial statements have been prepared on a going concern basis as the company has the support of the director and future income such that the director believes the continued use of the going concern basis to be appropriate.

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:

Asset class

Depreciation method and rate

Fixtures and fittings

10% straight line

Investments

Fixed asset investments are stated at historical cost less provision for any diminuation in value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Laurel Capital (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

Additions

5,053

5,053

At 30 September 2024

5,053

5,053

Depreciation

Charge for the year

505

505

At 30 September 2024

505

505

Carrying amount

At 30 September 2024

4,548

4,548

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

84,776

84,776

Revaluations

(23,215)

(23,215)

At 30 September 2024

61,561

61,561

Carrying amount

At 30 September 2024

61,561

61,561

At 30 September 2023

84,776

84,776

 

Laurel Capital (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Amounts owed to related undertakings

108,049

108,049

Other creditors

33,329

33,303

141,378

141,352

7

Related party transactions

Transactions with the director

2024

At 1 October 2023
£

At 30 September 2024
£

D S Goonetillake

Director loan account

(3,420)

(3,420)

2023

At 1 October 2022
£

At 30 September 2023
£

D S Goonetillake

Director loan account

(3,420)

(3,420)

Summary of transactions with entities with joint control or significant interest

Laurel Capital Hong Kong Limited (a company controlled by the mother of the director) made a loan to the company. At the balance sheet date the balance owed to Laurel Capital Hong Kong Limited was £22,698 (2023: £22,698).
 

Summary of transactions with other related parties

Laurel Capital Kingsway LLP (the company is a member of this partnership) made a loan to the company.
At the balance sheet date the balance owed to Laurel Capital Kingsway LLP was £25,852 (2023: £25,852).

Other creditors include £13,000 (2023: £13,000) owed to family members of the director.

 

Laurel Capital (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Loans from related parties

2024

Entities with joint control or significant influence
£

Other related parties
£

Total
£

At start of period

82,197

25,852

108,049

At end of period

82,197

25,852

108,049

2023

Entities with joint control or significant influence
£

Other related parties
£

Total
£

At start of period

82,197

25,852

108,049

At end of period

82,197

25,852

108,049