Lapday Limited Filleted accounts for Companies House (small and micro)
Lapday Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC215536
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Financial Statements |
Year ended 31 July 2021
Contents |
Page |
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
3 |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 July 2021
216 West George Street
Glasgow
G2 2PQ
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Current assets
Debtors |
4 |
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Creditors: amounts falling due within one year |
5 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
6 |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
6 July 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
SC215536
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Notes to the Financial Statements |
Year ended 31 July 2021
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.
Judgements and key sources of estimation uncertainty
Financial instruments
4.
Debtors
2021 |
2020 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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5.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
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6.
Creditors:
amounts falling due after more than one year
2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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7.
Related party transactions
As at 31 July 2021 the company was owed £1,214,044 (2020: £1,240,006) from Modern Housing Limited, parent company. Also, at 31 July 2021 the company was owed £52,814 (2020: £52,814) from Modern Housing New Homes Limited and owed £15,168 (2020: £15,168) to Modern Housing New Home Contracts Limited. Modern Housing New Homes Limited and Modern Housing New Homes Contracts Limited are both subsidiaries of Modern Housing Limited. Also, at 31 July 2021 the company was owed £2,845 (2020: £2,845) from Modern Housing Limited Directors Pension Plan.
8.
Controlling party
The company was under the control of Mr
Alexander Smith
throughout the current and previous period. The ultimate parent company is Modern Housing Limited.