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REGISTERED NUMBER: 03922092 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

LANSDOWN OF BATH LIMITED

LANSDOWN OF BATH LIMITED (REGISTERED NUMBER: 03922092)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LANSDOWN OF BATH LIMITED

Company Information
for the year ended 31 October 2024







DIRECTORS: D Sacco
S Sacco
O Sacco





REGISTERED OFFICE: 59 High Street
Weston
Bath
BA1 4DB





REGISTERED NUMBER: 03922092 (England and Wales)





AUDITORS: Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL

LANSDOWN OF BATH LIMITED (REGISTERED NUMBER: 03922092)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 468,775 264,693

CURRENT ASSETS
Stocks 1,379,444 2,001,233
Debtors 5 252,390 203,160
Cash at bank and in hand 190,402 81,781
1,822,236 2,286,174
CREDITORS
Amounts falling due within one year 6 1,564,037 1,762,720
NET CURRENT ASSETS 258,199 523,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

726,974

788,147

PROVISIONS FOR LIABILITIES 7 33,481 33,481
NET ASSETS 693,493 754,666

CAPITAL AND RESERVES
Called up share capital 8 126,828 126,828
Revaluation reserve 317,236 120,424
Capital redemption reserve 17,298 17,298
Retained earnings 232,131 490,116
SHAREHOLDERS' FUNDS 693,493 754,666

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2025 and were signed on its behalf by:





D Sacco - Director


LANSDOWN OF BATH LIMITED (REGISTERED NUMBER: 03922092)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Lansdown of Bath 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The accounts have been prepared on a going concern basis as the company has a strong asset base and a good relationship with Mazda. The directors are satisfied that the trading losses are not indicative of going concern issues.

The following principal accounting policies have been applied:

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- The Company has transferred the significant risks and rewards of ownership to the buyer;
- The Company retains neither continuing managerial involvement to the degree usually
associated with ownership nor effective control over the goods sold;
- The amount of revenue can be measured reliably;
- It is probable that the Company will receive the consideration due under the transaction; and
- The costs incurred or to be incurred in respect of the transaction can be measured reliably.

LANSDOWN OF BATH LIMITED (REGISTERED NUMBER: 03922092)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 5% on cost
Short leasehold - Straight line over the life of the lease
Plant & machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

The Freehold property valuation has been taken at deemed cost. The difference between the depreciation on the original cost and the deemed cost has been transferred to the revaluation reserve. The land element is not depreciated.

Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Balance Sheet date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Demonstration vehicles within stock are written down from cost on the basis that the value is
impaired through their use as demonstrators.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


LANSDOWN OF BATH LIMITED (REGISTERED NUMBER: 03922092)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 22 ) .

LANSDOWN OF BATH LIMITED (REGISTERED NUMBER: 03922092)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Freehold Short Plant &
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 November 2023 252,511 92,294 154,220
Additions - - -
Disposals - - -
Revaluations 167,489 - -
At 31 October 2024 420,000 92,294 154,220
DEPRECIATION
At 1 November 2023 27,873 92,294 133,628
Charge for year 4,252 - 8,843
Eliminated on disposal - - -
Revaluation adjustments (32,125 ) - -
At 31 October 2024 - 92,294 142,471
NET BOOK VALUE
At 31 October 2024 420,000 - 11,749
At 31 October 2023 224,638 - 20,592

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 November 2023 33,764 47,786 20,557 601,132
Additions 150 31,115 2,024 33,289
Disposals - (26,571 ) (449 ) (27,020 )
Revaluations - - - 167,489
At 31 October 2024 33,914 52,330 22,132 774,890
DEPRECIATION
At 1 November 2023 30,417 33,543 18,684 336,439
Charge for year 700 6,607 1,814 22,216
Eliminated on disposal - (19,966 ) (449 ) (20,415 )
Revaluation adjustments - - - (32,125 )
At 31 October 2024 31,117 20,184 20,049 306,115
NET BOOK VALUE
At 31 October 2024 2,797 32,146 2,083 468,775
At 31 October 2023 3,347 14,243 1,873 264,693

The property was valued on 20 Feb 25 at open market value by Symonds & Sampson professional surveyors.

LANSDOWN OF BATH LIMITED (REGISTERED NUMBER: 03922092)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 204,264 76,087
Other debtors 48,126 127,073
252,390 203,160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,345,975 1,718,240
Taxation and social security 156,592 15,056
Other creditors 61,470 29,424
1,564,037 1,762,720

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 33,481 33,481

Deferred
tax
£   
Balance at 1 November 2023 33,481
Accelerated capital allowances
Charged to OCI
Balance at 31 October 2024 33,481

The provision for deferred taxation is made up as follows:

20242023
£   £   
Freehold property revaluations28,24728,247
Accelerated capital allowances5,2345,234
33,48133,481

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
126,828 Ordinary £1 126,828 126,828

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Edwards BSc FCA (Senior Statutory Auditor)
for and on behalf of Richardson Swift Audit Ltd

LANSDOWN OF BATH LIMITED (REGISTERED NUMBER: 03922092)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

10. OPERATING LEASE COMMITMENTS

The company has total commitments under operating leases at the year end of £12,441 (2023: £161,602).