W.L Langsbury Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10358269 (England and Wales)

Financial Statements for the Year Ended 31 December 2019

for

W.L Langsbury Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs M B Cox

Mr T E Haworth

SECRETARY:

REGISTERED OFFICE:

Cutsdean Farm

Cutsdean

Cheltenham

Glos

GL54 5RX

REGISTERED NUMBER:

10358269 (England and Wales)

ACCOUNTANTS:

Angela Paull and Co Limited

Chartered Accountants & Chartered Tax Advisers

1 Court Mews, London Road

Charlton Kings

Cheltenham

Glos

GL52 6HS

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W.L Langsbury Limited for the year ended 31 December 2019 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of W.L Langsbury Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W.L Langsbury Limited and state those matters that we have agreed to state to the Board of Directors of W.L Langsbury Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.L Langsbury Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that W.L Langsbury Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W.L Langsbury Limited. You consider that W.L Langsbury Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W.L Langsbury Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Angela Paull and Co Limited

Chartered Accountants & Chartered Tax Advisers

1 Court Mews, London Road

Charlton Kings

Cheltenham

Glos

GL52 6HS

30 June 2021

FIXED ASSETS

Investment property

4

298,729

288,301

CURRENT ASSETS

Cash at bank

192,373

1,671

CREDITORS

Amounts falling due within one year

5

319,350

123,367

NET CURRENT LIABILITIES

(126,977

)

(121,696

)

TOTAL ASSETS LESS CURRENT LIABILITIES

171,752

166,605

CREDITORS

Amounts falling due after more than one year

6

173,000

173,000

NET LIABILITIES

(1,248

)

(6,395

)

RESERVES

Retained earnings

(1,248

)

(6,395

)

SHAREHOLDERS' FUNDS

(1,248

)

(6,395

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 30 June 2021 and were signed on its behalf by:

Mr T E Haworth - Director

Mrs M B Cox - Director

1.	STATUTORY INFORMATION

W.L Langsbury 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.

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 2 (2018 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2019

288,301

Additions

10,428

At 31 December 2019

298,729

NET BOOK VALUE

At 31 December 2019

298,729

At 31 December 2018

288,301

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans and overdrafts

312,660

121,927

Trade creditors

1,440

-

Taxation and social security

210

-

Other creditors

5,040

1,440

319,350

123,367

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Other creditors

173,000

173,000