Latimer Associates (U.K) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03421996 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2021

for

Latimer Associates (U.K) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C W Keech

D Keech

M Keech

REGISTERED OFFICE:

1st Floor

27 Shirwell Crescent

Furzton Lake

Milton Keynes

MK4 1GA

REGISTERED NUMBER:

03421996 (England and Wales)

ACCOUNTANTS:

Shipleys LLP

Chartered Accountants

10 Orange Street

London

WC2H 7DQ

FIXED ASSETS

Tangible assets

4

-

557

CURRENT ASSETS

Debtors

5

392,418

535,538

CREDITORS

Amounts falling due within one year

6

404,220

547,341

NET CURRENT LIABILITIES

(11,802

)

(11,803

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,802

)

(11,246

)

CAPITAL AND RESERVES

Called up share capital

120,000

Share premium

80,000

Retained earnings

(211,802

)

(211,246

)

SHAREHOLDERS' FUNDS

(11,802

)

(11,246

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2022 and were signed on its behalf by:

C W Keech - Director

1.	STATUTORY INFORMATION

Latimer Associates (U.K) 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

-

33% on cost

GOING CONCERN

These financial statements have been prepared on the basis that the company is a going concern but reference should be made to the Note on Financial Commitments.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2020

and 31 July 2021

14,658

DEPRECIATION

At 1 August 2020

14,101

Charge for year

557

At 31 July 2021

14,658

NET BOOK VALUE

At 31 July 2021

-

At 31 July 2020

557

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

Other debtors

392,418

535,538

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

Other creditors

404,220

547,341

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Director, Mr D Keech owed the company £39,476 (2020: £104,507) at the balance sheet date.

8.	RELATED PARTY DISCLOSURES

Latimer Land (Luton) Limited - Fellow subsidiary undertaking

A company in which M D Keech, C W Keech, and D Keech were directors at the year end.

A loan to Latimer Land (Luton) Limited to the value of £218,617 (2020: £218,617) was due at the year end and is included in other debtors.

JFB Management Limited

A company in which D Keech is a director.

At the year end the company owed JFB Management Limited £387,491 (2020: £387,491) and this balance is included in other creditors.

9.	ULTIMATE CONTROLLING PARTY

The parent undertaking is Pedralbes Limited.

Willdav Engineering AG, a company incorporated in Switzerland, is regarded by the directors as being the company's ultimate parent company.

Willdav Engineering AG is wholly owned by the Oliver Foundation, which is a foundation incorporated in Panama.

10.	FINANCIAL COMMITMENTS AND GOING CONCERN

The directors have considered the going concern position of the company. They have concluded that the company is a going concern because amounts included in other creditors are due to related companies, which have given undertakings that repayments will not be sought until the company is in a position to make repayments.

Latimer Associates (U.K) Limited - Accounts to registrar (filleted) - small 18.2

Latimer Associates (U.K) Limited - Accounts to registrar (filleted) - small 18.2