Lancashire Properties NW Limited

Registered number

09737799

Filleted Accounts

31 March 2025

Lancashire Properties NW Limited
Registered number:		09737799
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		8,269			9,931

Current assets
Debtors	4	35,159			38,688
Cash at bank and in hand		54,542			33,859
		89,701			72,547

Creditors: amounts falling due within one year	5	(63,155)			(55,989)

Net current assets			26,546			16,558

Net assets			34,815			26,489

Capital and reserves
Called up share capital			1			1
Profit and loss account			34,814			26,488

Shareholders' funds			34,815			26,489

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Muhammad Ali Abbas
Director
Approved by the board on 17 June 2025

Lancashire Properties NW Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	na
	Leasehold land and buildings	na
	Plant and machinery	na
	Fixtures, fittings, tools and equipment	18% reducing Balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			9		12


3	Tangible fixed assets
		Fixture & Fittings		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	18,303		4,928		23,231
	Additions	499		-		499
	At 31 March 2025	18,802		4,928		23,730

	Depreciation
	At 1 April 2024	11,089		2,211		13,300
	Charge for the year	1,754		407		2,161
	At 31 March 2025	12,843		2,618		15,461

	Net book value
	At 31 March 2025	5,959		2,310		8,269
	At 31 March 2024	7,214		2,717		9,931


4	Debtors			2025		2024
£					£

	Trade debtors			22,387		18,688
	Other debtors			12,772		20,000
				35,159		38,688


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			1,922		2,305
	Client money due to client			30,250		15,884

	Taxation and social security costs			21,635		13,518
	Other creditors			9,348		24,282
				63,155		55,989


6	Controlling party

	Mr Muhammad Ali Abbas has a controling interest in the company by the virtue of his 100% subsequently holding of the ordinary shares of the company.


7	Other information

	Lancashire Properties NW Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Lancashire Properties
	967 Stockport Road
	Manchester
	M19 3NP