Laverstoke Management Company Limited - Accounts to registrar (filleted) - small 22.3

Laverstoke Management Company Limited - Accounts to registrar (filleted) - small 22.3

LAVERSTOKE MANAGEMENT COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 09512343 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

LAVERSTOKE MANAGEMENT COMPANY LIMITED
LAVERSTOKE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 09512343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAVERSTOKE MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: P J Denee
J F Ratcliffe





SECRETARY: J F Ratcliffe





REGISTERED OFFICE: Century House
74 Bounty Road
Basingstoke
Hampshire
RG21 3BZ





REGISTERED NUMBER: 09512343 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ
Page 1
LAVERSTOKE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 09512343)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Investments 4 237,947 237,947
Investment property 5 62,544 60,876
300,491 298,823

CURRENT ASSETS
Debtors 6 129,577 129,140
Cash at bank 52,302 28,336
181,879 157,476
CREDITORS
Amounts falling due within one year 7 346,646 353,114
NET CURRENT LIABILITIES (164,767 ) (195,638 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
135,724
103,185

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 135,723 103,184
SHAREHOLDERS' FUNDS 135,724 103,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 notes form part of these financial statements

Page 2 continued...
LAVERSTOKE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 09512343)

BALANCE SHEET - continued
31 MARCH 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2022 and were signed on its behalf by:





J F Ratcliffe - Director


The notes form part of these financial statements

Page 3
LAVERSTOKE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 09512343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Laverstoke Management Company 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates
Investments in associate undertakings are recognised at cost.

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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 year was NIL (2021 - NIL).

Page 4 continued...
LAVERSTOKE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 09512343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2021
and 31 March 2022 237,947
NET BOOK VALUE
At 31 March 2022 237,947
At 31 March 2021 237,947

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021 60,876
Additions 1,668
At 31 March 2022 62,544
NET BOOK VALUE
At 31 March 2022 62,544
At 31 March 2021 60,876

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 2,314 1,664
Other debtors 127,263 127,476
129,577 129,140

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 4,016 18,652
Taxation 7,633 2,315
Other creditors 334,997 332,147
346,646 353,114

Page 5