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LONDIS (TREGONY) LIMITED

Registered Number
05919858
(England and Wales)

Unaudited Financial Statements for the Period ended
30 November 2024

LONDIS (TREGONY) LIMITED
Company Information
for the period from 1 November 2023 to 30 November 2024

Directors

BIDDICK, Paul Joseph
BIDDICK, Sarah

Company Secretary

BIDDICK, Paul Joseph

Registered Address

61 Fore Street Tregony
Truro
TR2 5RW

Registered Number

05919858 (England and Wales)
LONDIS (TREGONY) LIMITED
Balance Sheet as at
30 November 2024

Notes

30 Nov 2024

31 Oct 2023

£

£

£

£

Fixed assets
Tangible assets4-49,848
-49,848
Current assets
Stocks5-39,034
Debtors6134,01084,675
Cash at bank and on hand-8,354
134,010132,063
Creditors amounts falling due within one year7(36,619)(65,511)
Net current assets (liabilities)97,39166,552
Total assets less current liabilities97,391116,400
Creditors amounts falling due after one year8-(30,018)
Provisions for liabilities9-(9,471)
Net assets97,39176,911
Capital and reserves
Called up share capital101101
Profit and loss account97,29076,810
Shareholders' funds97,39176,911
The financial statements were approved and authorised for issue by the Board of Directors on 18 June 2025, and are signed on its behalf by:
BIDDICK, Paul Joseph
Director
BIDDICK, Sarah
Director

Registered Company No. 05919858
LONDIS (TREGONY) LIMITED
Notes to the Financial Statements
for the period ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings15
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year29
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 November 23175,000175,000
Disposals(175,000)(175,000)
Amortisation and impairment
At 01 November 23175,000175,000
On disposals(175,000)(175,000)
Net book value
At 30 November 24--
At 31 October 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 November 2343,43015,645154,13610,150223,361
Disposals(43,430)(15,645)(154,136)(10,150)(223,361)
Depreciation and impairment
At 01 November 2338,28613,566112,0109,651173,513
On disposals(38,286)(13,566)(112,010)(9,651)(173,513)
Net book value
At 30 November 24-----
At 31 October 235,1442,07942,12649949,848
5.Stocks

2024

2023

££
Payments on account, stocks-39,034
Total-39,034
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-49,653
Other debtors134,01034,838
Total134,01084,491
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-30,929
Bank borrowings and overdrafts20,8719,277
Taxation and social security15,17615,648
Other creditors-6,739
Accrued liabilities and deferred income5722,918
Total36,61965,511
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-30,018
Total-30,018
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)-9,471
Total-9,471
10.Related party transactions
During the year the company paid rental charges of £6,667 (2023: £10,0000) based on open market rent to the director of the company During the year, total dividends of NIL (2023 - £32,800) were paid to the director and dividends of £4,500 (2023 - £6,500) were paid to the director's wife, Mrs S Biddick At the balance sheet date, the company was owed £34,161.44 from Perran Escapes Ltd, which is also owned by the director. The loan is interest free and has been included in other debtors on the balance sheet.
11.Controlling party
The controlling party is Mr P J Biddick by virtue of his shareholding.