Registration number:
for the Year Ended
Laurel Capital (UK) Limited
Contents
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Laurel Capital (UK) Limited
(Registration number: 07534358)
Balance Sheet as at 30 September 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
|
- |
|
Other financial assets |
61,561 |
84,776 |
|
|
|
||
Current assets |
|||
Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Net liabilities |
( |
( |
|
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 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
......................................... |
Laurel Capital (UK) Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Fixtures and fittings |
Total |
|
Cost or valuation |
||
Additions |
|
|
At 30 September 2024 |
|
|
Depreciation |
||
Charge for the year |
|
|
At 30 September 2024 |
|
|
Carrying amount |
||
At 30 September 2024 |
|
|
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 |
At 30 September 2023 |
|
84,776 |
Laurel Capital (UK) Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
|
Due within one year |
||
Amounts owed to related undertakings |
|
|
Other creditors |
|
|
|
|
Related party transactions |
Transactions with the director |
2024 |
At 1 October 2023 |
At 30 September 2024 |
D S Goonetillake |
||
Director loan account |
( |
( |
2023 |
At 1 October 2022 |
At 30 September 2023 |
D S Goonetillake |
||
Director loan account |
( |
( |
Summary of transactions with entities with joint control or significant interest
Summary of transactions with other related parties
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 |
|
|
|
At end of period |
|
|
|
|
2023 |
Entities with joint control or significant influence |
Other related parties |
Total |
At start of period |
|
|
|
At end of period |
|
|
|
|