Lambarde Securities Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01094625 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Lambarde Securities Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr H D Botting

Mr H R Botting

Mrs F V A Lopategui

SECRETARY:

Mr H D Botting

REGISTERED OFFICE:

46 Ravensbury Avenue

Morden

Surrey

SM4 6ET

REGISTERED NUMBER:

01094625 (England and Wales)

ACCOUNTANTS:

Porritt Rainey

The Crown Business Centre

10 High Street

Otford

Sevenoaks

Kent

TN14 5PQ

FIXED ASSETS

Investment property

4

4,161,000

3,986,000

CURRENT ASSETS

Debtors

5

6,386

12,969

Cash at bank

228,654

303,907

235,040

316,876

CREDITORS

Amounts falling due within one year

6

(7,103

)

(7,279

)

NET CURRENT ASSETS

227,937

309,597

TOTAL ASSETS LESS CURRENT LIABILITIES

4,388,937

4,295,597

PROVISIONS FOR LIABILITIES

(650,888

)

(621,138

)

NET ASSETS

3,738,049

3,674,459

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

3,728,049

3,664,459

SHAREHOLDERS' FUNDS

3,738,049

3,674,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 22 November 2023 and were signed on its behalf by:

Mr H D Botting - Director

1.	STATUTORY INFORMATION

Lambarde Securities 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the gross rents received from property letting.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2022

3,986,000

Revaluations

175,000

At 30 June 2023

4,161,000

NET BOOK VALUE

At 30 June 2023

4,161,000

At 30 June 2022

3,986,000

Fair value at 30 June 2023 is represented by:

£

Valuation in 2023

3,828,753

Cost

332,247

4,161,000

If investment property had not been revalued it would have been included at the following historical cost:

2023

2022

£

£

Cost

332,247

332,247

Investment property was valued on an open market basis on 30 June 2023 by The Directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

1,200

2,400

Other debtors

5,186

10,569

6,386

12,969

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

-

(41

)

Taxation and social security

2,339

2,472

Other creditors

4,764

4,848

7,103

7,279

7.	RELATED PARTY DISCLOSURES

During the year the company purchased building services from Mr Haydn Richard Botting, a related party, at a cost of £NIL.

All related party transactions during the year were at full commercial value. At 30th June 2023, the amount due to related parties was £NIL.(2022 £NIL)