| Lawlock Limited |
| Registered number: |
03745401 |
| Balance Sheet |
| as at 30 April 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
582,608 |
|
|
582,704 |
|
| Current assets |
| Debtors |
4 |
|
421,482 |
|
|
352,382 |
| Cash at bank and in hand |
|
|
64,043 |
|
|
145,751 |
|
|
|
485,525 |
|
|
498,133 |
|
| Creditors: amounts falling due within one year |
5 |
|
(82,824) |
|
|
(94,357) |
|
| Net currentt assets (liabilities) |
|
|
|
402,701 |
|
|
403,776 |
|
| Total assets less current liabilities |
|
|
|
985,309 |
|
|
986,480 |
|
|
| Provisions for liabilities |
|
|
|
(467) |
|
|
(426) |
|
|
| Net assets |
|
|
|
984,842 |
|
|
986,054 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10,000 |
|
|
10,000 |
| Revaluation reserve |
6 |
|
|
307,561 |
|
|
307,561 |
| Profit and loss account |
|
|
|
667,281 |
|
|
668,493 |
|
| Shareholder's funds |
|
|
|
984,842 |
|
|
986,054 |
|
|
|
|
|
|
|
|
| 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 member has 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. |
|
|
|
|
| M K Scarborough Taylor |
| Director |
| Approved by the board on 11 December 2025 |
|
| Lawlock Limited |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention as modified by the revaluation of investment property 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 represents rental inome receivable for the accounting period, exclusive of value added tax. |
|
|
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office equipment |
over 4 years |
|
|
Investments |
|
The company's freehold property is held for long term and is included in the balance sheet at its open market value based on valuations made by the director. Additions to property include costs and improvements of a capital nature only. Interest and other property outgoings are written off to the profit and loss account as incurred.
Investment properties are valued annually and any surplus or deficit on revaluation is transferred to the revaluation reserve. No depreciation is provided on investment property and the director considers that this policy is necessary in order for the financial statements to show a true and fair view. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Office equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2024 |
580,154 |
|
9,402 |
|
589,556 |
|
Additions |
- |
|
723 |
|
723 |
|
At 30 April 2025 |
580,154 |
|
10,125 |
|
590,279 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2024 |
- |
|
6,852 |
|
6,852 |
|
Charge for the year |
- |
|
819 |
|
819 |
|
At 30 April 2025 |
- |
|
7,671 |
|
7,671 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2025 |
580,154 |
|
2,454 |
|
582,608 |
|
At 30 April 2024 |
580,154 |
|
2,550 |
|
582,704 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
421,482 |
|
352,382 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
47,913 |
|
47,236 |
|
Taxation and social security costs |
16,259 |
|
9,908 |
|
Other creditors |
18,652 |
|
37,213 |
|
|
|
|
|
|
82,824 |
|
94,357 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 May 2024 |
307,561 |
|
307,561 |
|
|
At 30 April 2025 |
307,561 |
|
307,561 |
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
The company has trading balances with other companies in which the director has an interest. At the balance sheet date the company was owed £421,482 (2024: £352,382). An amount of £8,880 (2024: £8,880) was chargeable as property management fees by Scarborough Taylor & Son. |
|
|
| 8 |
Controlling party |
|
|
The controlling party is Mr M.K. Scarborough-Taylor |
|
|
| 9 |
Other information |
|
|
Lawlock Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Samples Farm, Ashfield Green |
|
Wickhambrook |
|
Newmarket |
|
Suffolk |
|
CB8 8UZ |