Laurel Court Associates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04075881

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		278,708		205,977

			278,708		205,977
CURRENT ASSETS
Debtors	5	15,387		14,450
Cash at bank and in hand		218,772		87,220

		234,159		101,670
Creditors: Amounts Falling Due Within One Year	6	(109,535 )		(65,598 )

NET CURRENT ASSETS (LIABILITIES)			124,624		36,072

TOTAL ASSETS LESS CURRENT LIABILITIES			403,332		242,049

Creditors: Amounts Falling Due After More Than One Year	7		(124,209 )		(131,491 )

NET ASSETS			279,123		110,558

CAPITAL AND RESERVES
Called up share capital	9		8		8
Profit and Loss Account			279,115		110,550

SHAREHOLDERS' FUNDS			279,123		110,558

Page 1

Page 2

Laurel Court Associates Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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.

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

Mr M Jones

Director

09/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Laurel Court Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04075881 . The registered office is 1 Old School Road, Porthcawl, Mid Glamorgan, CF36 3BU.

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:

Freehold	2% on cost
Motor Vehicles	20% reducing balance
Fixtures & Fittings	15% on cost
Computer Equipment	25% on cost

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 3

Page 4

Laurel Court Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 6)

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	211,258	-	7,372	15,705	234,335
Additions	-	92,349	-	-	92,349

As at 31 March 2025	211,258	92,349	7,372	15,705	326,684

Depreciation
As at 1 April 2024	5,281	-	7,372	15,705	28,358
Provided during the period	4,226	15,392	-	-	19,618

As at 31 March 2025	9,507	15,392	7,372	15,705	47,976

Net Book Value
As at 31 March 2025	201,751	76,957	-	-	278,708

As at 1 April 2024	205,977	-	-	-	205,977

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	15,387	14,450

Page 4

Page 5

Laurel Court Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	20,202	20,202
Other creditors	2,580	2,353
Taxation and social security	86,753	43,043

	109,535	65,598

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	124,209	131,491

8. Secured Creditors

The company has entered into a fixed charge over all other assets in favour of National Westminster Bank plc. Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	144,411		151,694

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	8	8

Page 5