REGISTERED NUMBER: 01996141 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

LOCALSHAPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J C H Loyd

REGISTERED OFFICE:

Lloyds Bank Chambers

Hustlergate

Bradford

West Yorkshire

BD1 1UQ

REGISTERED NUMBER:

01996141 (England and Wales)

ACCOUNTANTS:

Rawse, Varley & Co

Chartered Accountants

Lloyds Bank Chambers

Hustlergate

Bradford

BD1 1UQ

FIXED ASSETS

Tangible assets

4

3,288

5,264

Investment property

5

394,997

394,997

398,285

400,261

CURRENT ASSETS

Debtors

6

600

12,755

Cash at bank

5,814

7,095

6,414

19,850

CREDITORS

Amounts falling due within one year

7

24,622

41,697

NET CURRENT LIABILITIES

(18,208

)

(21,847

)

TOTAL ASSETS LESS CURRENT LIABILITIES

380,077

378,414

PROVISIONS FOR LIABILITIES

411

567

NET ASSETS

379,666

377,847

CAPITAL AND RESERVES

Called up share capital

8

28,324

28,324

Retained earnings

351,342

349,523

SHAREHOLDERS' FUNDS

379,666

377,847

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 September 2025 and were signed by:

J C H Loyd - Director

1.	STATUTORY INFORMATION

Localshape Limited 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.

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.

Income

Income represents rent receivable for the year.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the assets to their estimated residual values by the end of their useful lives at the following annual rate:

Furniture and equipment - 20% of cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

equipment

£

COST

At 1 January 2024

and 31 December 2024

22,268

DEPRECIATION

At 1 January 2024

17,004

Charge for year

1,976

At 31 December 2024

18,980

NET BOOK VALUE

At 31 December 2024

3,288

At 31 December 2023

5,264

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

394,997

NET BOOK VALUE

At 31 December 2024

394,997

At 31 December 2023

394,997

Investment property is stated at director's valuation at 31 December 2024, which is equivalent to cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Investment

600

600

Corporation tax

-

12,155

600

12,755

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Corporation tax

854

-

Directors' loan accounts

21,992

39,744

Accruals and deferred income

1,776

1,953

24,622

41,697

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

28,324

Ordinary shares

£1

28,324

28,324