Caseware UK (AP4) 2020.0.247 2020.0.247 2022-03-312022-03-312trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2021-04-01falseNo description of principal activity2 03001563 2021-04-01 2022-03-31 03001563 2020-04-01 2021-03-31 03001563 2022-03-31 03001563 2021-03-31 03001563 c:Director1 2021-04-01 2022-03-31 03001563 d:Buildings d:LongLeaseholdAssets 2021-04-01 2022-03-31 03001563 d:CurrentFinancialInstruments 2022-03-31 03001563 d:CurrentFinancialInstruments 2021-03-31 03001563 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03001563 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 03001563 d:ShareCapital 2022-03-31 03001563 d:ShareCapital 2021-03-31 03001563 d:RetainedEarningsAccumulatedLosses 2022-03-31 03001563 d:RetainedEarningsAccumulatedLosses 2021-03-31 03001563 c:FRS102 2021-04-01 2022-03-31 03001563 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 03001563 c:FullAccounts 2021-04-01 2022-03-31 03001563 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 03001563 3 2022-03-31 03001563 3 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 03001563










LEXUS (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
LEXUS (HOLDINGS) LIMITED
REGISTERED NUMBER: 03001563

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 3 
951,351
903,717

  
951,351
903,717

Current assets
  

Debtors: amounts falling due within one year
 4 
6,457
6,457

Cash at bank and in hand
  
48,909
109,184

  
55,366
115,641

Creditors: amounts falling due within one year
 5 
(10,682)
(17,375)

Net current assets
  
 
 
44,684
 
 
98,266

Total assets less current liabilities
  
996,035
1,001,983

  

Net assets
  
996,035
1,001,983


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
995,935
1,001,883

  
996,035
1,001,983


Page 1

 
LEXUS (HOLDINGS) LIMITED
REGISTERED NUMBER: 03001563
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 August 2022.




Mr M R Adam
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
LEXUS (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Lexus (Holdings) Ltd is a private company, limited by share capital, incorporated in England and Wales under registration number 03001563. The address of the registered office is 37 Warren Street, London, W1T 6AD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the assumption that the company will have the continued financial support of the shareholder. The shareholder of the company has sufficient resources to finance the company as and when the need arises.
The financial statements have been prepared on a going concern basis which is dependent on the financial support of the shareholders to ensure that the company will continue in operational existence for the foreseeable future.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LEXUS (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
2%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.5

Investment properties

Investment properties is carried at fair value which, in director's opinion, is not materially different from market value. Changes in fair value are recognised in the Profit and loss account.


3.


Fixed asset investments





Leasehold properties

£



Cost or valuation


At 1 April 2021
970,000


Additions
68,402



At 31 March 2022

1,038,402



Impairment


At 1 April 2021
66,283


Charge for the period
20,768



At 31 March 2022

87,051



Net book value



At 31 March 2022
951,351



At 31 March 2021
903,717

Page 4

 
LEXUS (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Debtors

2022
2021
£
£


Amounts owed by associated company
6,457
6,457

6,457
6,457



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
3,476
10,547

Directors loan account
5,406
5,028

Accruals and deferred income
1,800
1,800

10,682
17,375



6.


Controlling party

The company is a 100% subsidiary of Lexus (Parent) Limited, a company incorporated in the United Kingdom.
The parent company, Lexus (Parent) Limited, is under the control of the directors, Mr M R Adam (51% shares) and Mrs Z Adam (49% shares), by virtue of the fact that between them they own 100% of the issued share capital of the company.

 
Page 5