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REGISTERED NUMBER: 02420253 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Laidir 1938 Ltd

Laidir 1938 Ltd (Registered number: 02420253)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laidir 1938 Ltd

Company Information
for the year ended 31 October 2024







DIRECTORS: M W Strong
R A Strong





SECRETARY: R A Strong





REGISTERED OFFICE: 8 Watch Lane
Moston
Nr Sandbach
Cheshire
CW11 3PD





REGISTERED NUMBER: 02420253 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
2 Maple Court
Davenport Street
Macclesfield
Cheshire
SK10 1JE

Laidir 1938 Ltd (Registered number: 02420253)

Balance Sheet
31 October 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 3,511 1,370
Investment property 5 3,050,000 3,050,000
3,053,511 3,051,370

CURRENT ASSETS
Stocks 9,984 9,984
Debtors 6 10,164 11,841
Cash at bank 40,654 111,643
60,802 133,468
CREDITORS
Amounts falling due within one year 7 (219,470 ) (230,019 )
NET CURRENT LIABILITIES (158,668 ) (96,551 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,894,843

2,954,819

CREDITORS
Amounts falling due after more than one year 8 (2,763,565 ) (2,842,721 )

PROVISIONS FOR LIABILITIES (30,298 ) (30,298 )
NET ASSETS 100,980 81,800

CAPITAL AND RESERVES
Called up share capital 900 900
Other reserves - non- distribu
table 90,892 90,892
Retained earnings 9,188 (9,992 )
100,980 81,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Laidir 1938 Ltd (Registered number: 02420253)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





R A Strong - Director


Laidir 1938 Ltd (Registered number: 02420253)

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

1. STATUTORY INFORMATION

Laidir 1938 Ltd 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.

The company has adopted the FRS 102 accounting policies and principles on a consistent basis from the date of transition. The principal policies are set out below:

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment- 33% on cost
Plant and machinery- 25% on reducing balance
Fixtures & fittings- 10% on cost
Motor vehicles- 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Laidir 1938 Ltd (Registered number: 02420253)

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

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Exceptional items

Exceptional items are items of income or expenditure which are material and which are considered to be of such significance that they require separate disclosure on the face of the profit and loss account or in the notes to the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 November 2023 36,720
Additions 3,181
At 31 October 2024 39,901
DEPRECIATION
At 1 November 2023 35,350
Charge for year 1,040
At 31 October 2024 36,390
NET BOOK VALUE
At 31 October 2024 3,511
At 31 October 2023 1,370

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 November 2023
and 31 October 2024 3,050,000
NET BOOK VALUE
At 31 October 2024 3,050,000
At 31 October 2023 3,050,000

The property portfolio was revalued by the directors of the company at the balance sheet date.

Laidir 1938 Ltd (Registered number: 02420253)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 October 2024 is represented by:
£
Valuation in 2020 (3,153 )
Valuation in 2021 124,343
Cost 2,928,810
3,050,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 1,936
Other debtors 10,164 9,905
10,164 11,841

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Payments on account 1,686 -
Trade creditors 1,393 2,818
Taxation and social security 26,741 11,981
Other creditors 189,650 215,220
219,470 230,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 2,763,565 2,842,721

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 750,000 750,000

The above loan is secured by way of a first fixed legal charge over the property 6 Sharrow View, Sheffield.