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Registered Number: 11458969
England and Wales

 

 

 

LANE HEAD DEVELOPMENT LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 31 July 2023

End date: 29 July 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 635,000    635,000 
635,000    635,000 
Current assets      
Debtors 4 1,650    25 
Cash at bank and in hand 7,002    4,997 
8,652    5,022 
Creditors: amount falling due within one year 5 (3,748)   (3,207)
Net current assets 4,904    1,815 
 
Total assets less current liabilities 639,904    636,815 
Creditors: amount falling due after more than one year 6 (638,365)   (643,765)
Net assets 1,539    (6,950)
 

Capital and reserves
     
Called up share capital 90    90 
Profit and loss account 1,449    (7,040)
Shareholders' funds 1,539    (6,950)
 


For the year ended 29 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 July 2025 and were signed on its behalf by:


-------------------------------
Derrick Hutchinson
Director
1
General Information
Lane Head Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 11458969, registration address 58 Durham Road, Birtley, County Durham, DH3 2QJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under going concern and the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 31 July 2023 600,235    600,235 
Additions  
Disposals  
Revaluations 34,765    34,765 
At 29 July 2024 635,000    635,000 
Depreciation
At 31 July 2023  
Charge for year  
On disposals  
At 29 July 2024  
Net book values
Closing balance as at 29 July 2024 635,000    635,000 
Opening balance as at 31 July 2023 635,000    635,000 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 850   
Prepayments & Accrued Income 25    25 
Other Debtors 775   
1,650    25 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors (215)  
PAYE & Social Security 2,498    2,498 
Other Creditors 775   
VAT 690    709 
3,748    3,207 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 465,862    465,862 
Bank Loans & Overdrafts 34,353    39,753 
Amounts Owed to Participating Interests 138,150    138,150 
638,365    643,765 

7.

Disclosure of Controlling Party

For the whole of the period under review the company was under the control of Derrick Hutchinson and John Tilley, directors of the company.

2