Langwith Property Limited,Ltd - AccountsLtd - Accounts

Langwith Property Limited,Ltd - AccountsLtd - Accounts

LANGWITH PROPERTY LIMITED - Company Information

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2020-07-01 04796504 2021-06-30 04796504 2020-07-01 2021-06-30 04796504 2020-06-30 04796504 2019-07-01 2020-06-30 04796504 uk-core:WithinOneYear 2020-06-30 04796504 uk-core:WithinOneYear 2021-06-30 04796504 uk-core:AfterOneYear 2020-06-30 04796504 uk-core:AfterOneYear 2021-06-30 04796504 uk-core:ShareCapital 2021-06-30 04796504 uk-core:ShareCapital 2020-06-30 04796504 uk-core:InvestmentPropertiesRevaluationReserve 2021-06-30 04796504 uk-core:InvestmentPropertiesRevaluationReserve 2020-06-30 04796504 uk-core:RetainedEarningsAccumulatedLosses 2021-06-30 04796504 uk-core:RetainedEarningsAccumulatedLosses 2020-06-30 04796504 uk-bus:Director1 2020-07-01 2021-06-30 04796504 uk-core:LandBuildings 2020-07-01 2021-06-30 04796504 uk-core:WithinOneYear uk-core:Secured 2021-06-30 04796504 uk-core:WithinOneYear uk-core:Secured 2020-06-30 04796504 uk-core:WithinOneYear 2021-06-30 04796504 uk-core:WithinOneYear 2020-06-30 iso4217:GBP xbrli:pure 04796504 uk-bus:AuditExemptWithAccountantsReport 2020-07-01 2021-06-30 04796504 uk-bus:FRS102 2020-07-01 2021-06-30 04796504 uk-bus:FullAccounts 2020-07-01 2021-06-30 04796504 uk-bus:PrivateLimitedCompanyLtd 2020-07-01 2021-06-30
Langwith Property Limited
Registered Number:04796504
For the year ended 30 June 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2021
Langwith Property Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04796504
As at 30 June 2021
Langwith Property Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
2
2,200,003
2,200,003
Investment property
2,200,003
2,200,003
Current assets
Trade and other receivables
31,492
10,440
3
46,711
Cash and cash equivalents
1
10,441
78,203
Trade and other payables: amounts falling due within one year
(314,812)
(297,909)
4
(236,609)
(287,468)
Net current liabilities
Total assets less current liabilities
1,912,535
1,963,394
Trade and other payables: amounts falling due after more than one year
(613,108)
(565,857)
5
(149,440)
(161,904)
Provisions for liabilities
1,197,238
Net assets
1,188,382
Capital and reserves
Called up share capital
100
100
Fair value reserve
637,458
690,593
Retained earnings
559,680
497,689
1,197,238
1,188,382
Shareholders' funds
For the year ended 30 June 2021 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 of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year
and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply
with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Jonathan Walker Director
These financial statements were approved and authorised for issue by the Board on 01 September 2022 and were signed by:
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4
Registered Number :
04796504
For the year ended 30 June 2021
Langwith Property Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 June 2021
Langwith Property Limited
Notes to the Financial Statements
Statutory Information
Langwith Property Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04796504.
Registered address:
Wells Farm
Greaves Sike Lane
Micklebring
Rotherham
S88 7RR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0% Per annum on cost
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives are
sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors
undertake an annual impairment review of these properties.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Investment property
Total
£
Fair value
At 01 July 2020
2,200,003
Additions
65,599
Fair value adjustments
(65,599)
At 30 June 2021
2,200,003
Net book value
At 30 June 2021
2,200,003
At 30 June 2020
2,200,003
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6
For the year ended 30 June 2021
Langwith Property Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2020
2021
£
£
Trade debtors
1,014
2,054
Amounts owed by group undertakings and participating interests
7,859
21,251
Other debtors
1,567
8,187
31,492
10,440
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft (secured)
46,669
39,688
Bank loans and overdraft
13,781
-
Trade creditors
27,594
40,422
Amounts owed to group undertaking and undertaking in which the company has a
participating interest
130,644
168,644
Taxation and social security
66,551
51,632
Other creditors
12,670
14,426
297,909
314,812
5. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft (secured)
565,857
613,108
6. Related party transactions
The company is wholly owned by Mediafun Limited. At the year end Mediafun Limited owes this company £7,859 (2020: £7,859).
At the year end , £130,644 (2020: £168,644) is owed to Forward Protective Coatrings Ltd, a company under common ownership.
7. Average number of persons employed
During the year the average number of employees was 0
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