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COMPANY REGISTRATION NUMBER: 04325590
Lakeland Homes South East Limited
Filleted Unaudited Abridged Financial Statements
30 November 2024
Lakeland Homes South East Limited
Abridged Financial Statements
Year ended 30 November 2024
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
3
Lakeland Homes South East Limited
Abridged Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
Current assets
Debtors
42,487
45,973
Cash at bank and in hand
154
31
--------
--------
42,641
46,004
Creditors: amounts falling due within one year
917
600
--------
--------
Net current assets
41,724
45,404
--------
--------
Total assets less current liabilities
41,724
45,404
Creditors: amounts falling due after more than one year
30,641
31,953
--------
--------
Net assets
11,083
13,451
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
11,081
13,449
--------
--------
Shareholders funds
11,083
13,451
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Lakeland Homes South East Limited
Abridged Statement of Financial Position (continued)
30 November 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 30 July 2025 , and are signed on behalf of the board by:
Ms G Everett
Director
Company registration number: 04325590
Lakeland Homes South East Limited
Notes to the Abridged Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 151 Askew Road, London, W12 9AU.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Director's advances, credits and guarantees
At the year end the company owed Mrs G Everett £317 (2023: (£3,486)).
5. Related party transactions
The company was under the control of Mrs G Everett throughout the current and previous year. Included in debtors is the amount of £41,280 (2023 - £41,280) due from Lakeland Joinery and Development Limited,a Company related by virtue of the common shareholder Mr D Olver.