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REGISTERED NUMBER: 07701806 (England and Wales)















Longpre Cabinet Makers Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






Longpre Cabinet Makers Limited (Registered number: 07701806)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Longpre Cabinet Makers Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: P Longpre
H Longpre





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 07701806 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

Longpre Cabinet Makers Limited (Registered number: 07701806)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible Fixed Assets 4 1,161,578 1,218,847
Investments 5 12 12
1,161,590 1,218,859

CURRENT ASSETS
Debtors 6 42,822 58,870
Cash at bank 57 7,449
42,879 66,319
CREDITORS
Amounts falling due within one year 7 602,223 679,153
NET CURRENT LIABILITIES (559,344 ) (612,834 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

602,246

606,025

CREDITORS
Amounts falling due after more than one
year

8

(341,011

)

(344,672

)

PROVISIONS FOR LIABILITIES (83,970 ) (68,159 )
NET ASSETS 177,265 193,194

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 172,469 186,802
Retained earnings 4,794 6,390
SHAREHOLDERS' FUNDS 177,265 193,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Longpre Cabinet Makers Limited (Registered number: 07701806)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





H Longpre - Director


Longpre Cabinet Makers Limited (Registered number: 07701806)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Longpre Cabinet Makers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Longpre Cabinet Makers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Land 0%. Buildings over 50 years.
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiaries are stated at cost less any provision for permanent diminution in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Longpre Cabinet Makers Limited (Registered number: 07701806)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 1,000,000 539,342 95,240 25,990 1,660,572
DEPRECIATION
At 1 October 2023 10,000 352,323 66,407 12,995 441,725
Charge for year 10,000 29,299 11,472 6,498 57,269
At 30 September 2024 20,000 381,622 77,879 19,493 498,994
NET BOOK VALUE
At 30 September 2024 980,000 157,720 17,361 6,497 1,161,578
At 30 September 2023 990,000 187,019 28,833 12,995 1,218,847

The freehold property was valued on an open market basis on 30 September 2024 by the directors.

If the freehold property had not been revalued it would have been included at the following historical
cost:
20242023
££
Cost283,490283,490
Aggregate depreciation45,72740,057



Longpre Cabinet Makers Limited (Registered number: 07701806)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
under-
takings
£   
COST
At 1 October 2023 12
Additions 2
Impairments (2 )
At 30 September 2024 12
NET BOOK VALUE
At 30 September 2024 12
At 30 September 2023 12

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Longpre Furniture Limited (in administration)
Registered office: 1 New Street, Wells, England, BA5 2LA
Nature of business: Manufacture of furniture
%
Class of shares: holding
Ordinary 100.00

The Grain Gallery Limited
Registered office: 1 New Street, Wells, England, BA5 2LA
Nature of business: Retail sale in commercial art galleries
%
Class of shares: holding
Ordinary 100.00

Longpre Limited
Registered office: 1 New Street, Wells, England, BA5 2LA
Nature of business: Manufacture of furniture
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 42,822 58,870

Longpre Cabinet Makers Limited (Registered number: 07701806)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 25,914
Hire purchase contracts 20,445 17,593
Trade creditors - 206,567
Amounts owed to group undertakings 464,718 358,706
Taxation and social security 76,851 68,178
Other creditors 10,209 2,195
602,223 679,153

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 321,539 308,592
Hire purchase contracts 19,472 36,080
341,011 344,672

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 351,539 334,506
Hire purchase contracts 39,917 53,673
391,456 388,179

Bank loans are secured by a fixed and floating charge covering all the property or undertakings of the company dated 23 March 2012.

Legal charge over the property known as Unit C, Station Road Industrial Estate, Bruton, Somerset, dated 10 May 2012.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Longpre Cabinet Makers Limited (Registered number: 07701806)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
P Longpre
Balance outstanding at start of year 29,155 -
Amounts advanced 6,054 29,155
Amounts repaid (15,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,209 29,155

H Longpre
Balance outstanding at start of year 29,605 -
Amounts advanced 6,753 29,605
Amounts repaid (15,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,358 29,605