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Registered number: 12348078
LAURETTA HOMES LTD
Unaudited Financial Statements
For The Year Ended 31 December 2024
AB Accountancy
26 Chester Street
Wrexham
LL13 8BG
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12348078
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,728,133 987,413
1,728,133 987,413
CURRENT ASSETS
Cash at bank and in hand 27,172 198,835
27,172 198,835
Creditors: Amounts Falling Due Within One Year 5 (1,516,673 ) (178,766 )
NET CURRENT ASSETS (LIABILITIES) (1,489,501 ) 20,069
TOTAL ASSETS LESS CURRENT LIABILITIES 238,632 1,007,482
Creditors: Amounts Falling Due After More Than One Year 6 - (740,153 )
NET ASSETS 238,632 267,329
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 450,089 450,089
Profit and Loss Account (211,557 ) (182,860 )
SHAREHOLDERS' FUNDS 238,632 267,329
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Karla Wade-Hutchinson
Director
24/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
LAURETTA HOMES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12348078 . The registered office is 6 SPINNEY, SLOUGH, SL1 2YG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 4 Year Striaght Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 960,000 41,120 1,001,120
Additions 751,000 - 751,000
As at 31 December 2024 1,711,000 41,120 1,752,120
Depreciation
As at 1 January 2024 - 13,707 13,707
Provided during the period - 10,280 10,280
As at 31 December 2024 - 23,987 23,987
Net Book Value
As at 31 December 2024 1,711,000 17,133 1,728,133
As at 1 January 2024 960,000 27,413 987,413
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 1,290,854 -
Other creditors 225,819 178,766
1,516,673 178,766
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 36,546
Other creditors - 703,607
- 740,153
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Revaluation Reserve
£
As at 1 January 2024 450,089
As at 31 December 2024 450,089
Page 3