Company Registration No. 10200317 (England and Wales)
Lapwing International Limited
Unaudited accounts
for the year ended 31 May 2025
Lapwing International Limited
Unaudited accounts
Contents
Lapwing International Limited
Company Information
for the year ended 31 May 2025
Directors
E P S Leask
M W Leask
C M Leask
Company Number
10200317 (England and Wales)
Registered Office
47a Eastern Parade
Southsea
PO4 9RE
Lapwing International Limited
Statement of financial position
as at 31 May 2025
Investment property
898,223
449,718
Cash at bank and in hand
13,643
6,329
Creditors: amounts falling due within one year
(312,521)
(301,126)
Net current liabilities
(298,878)
(267,092)
Total assets less current liabilities
599,345
182,626
Creditors: amounts falling due after more than one year
(635,000)
(235,000)
Net liabilities
(35,655)
(52,374)
Called up share capital
100
100
Profit and loss account
(35,755)
(52,474)
Shareholders' funds
(35,655)
(52,374)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by
E P S Leask
Director
Company Registration No. 10200317
Lapwing International Limited
Notes to the Accounts
for the year ended 31 May 2025
Lapwing International Limited is a private company, limited by shares, registered in England and Wales, registration number 10200317. The registered office is 47a Eastern Parade, Southsea, PO4 9RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation will be provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Plant & machinery
Fair value at 1 June 2024
449,718
Lapwing International Limited
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
22,006
53,748
Loans from directors
245,000
245,000
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
635,000
235,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Ditrector's Loan
(245,000)
-
-
(245,000)
The Director has loaned the company £245,000
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).