Laidback Lucas Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09847130 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2021 to 27 December 2021

for

LAIDBACK LUCAS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A G Whitney

M J Bridge

REGISTERED OFFICE:

15 North Street

York

North Yorkshire

YO1 6DJ

REGISTERED NUMBER:

09847130 (England and Wales)

ACCOUNTANTS:

Morrell Middleton

Wellington House

Aviator Court

Clifton Moor

York

North Yorkshire

YO30 4UZ

FIXED ASSETS

Tangible assets

4

839

1,119

Investment property

5

246,303

196,247

247,142

197,366

CURRENT ASSETS

Debtors

6

11,593

4,091

CREDITORS

Amounts falling due within one year

7

2,069

11,385

NET CURRENT ASSETS/(LIABILITIES)

9,524

(7,294

)

TOTAL ASSETS LESS CURRENT LIABILITIES

256,666

190,072

CREDITORS

Amounts falling due after more than one year

8

260,360

202,759

NET LIABILITIES

(3,694

)

(12,687

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(3,696

)

(12,689

)

(3,694

)

(12,687

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2022 and were signed on its behalf by:

A G Whitney - Director

1.	STATUTORY INFORMATION

Laidback Lucas Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

and 27 December 2021

1,168

DEPRECIATION

At 1 January 2021

49

Charge for period

280

At 27 December 2021

329

NET BOOK VALUE

At 27 December 2021

839

At 31 December 2020

1,119

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2021

196,247

Additions

50,056

At 27 December 2021

246,303

NET BOOK VALUE

At 27 December 2021

246,303

At 31 December 2020

196,247

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

11,593

4,091

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

229

10,565

Taxation and social security

100

100

Other creditors

1,740

720

2,069

11,385

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Amounts owed to associates

260,360

202,759

9.

SECURITY

There are fixed and floating charges secured on the investment property.