Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31falsetrue1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1Ready-made interactive leisure and entertainment software development2021-01-01true 06808841 2021-01-01 2021-12-31 06808841 2019-08-01 2020-12-31 06808841 2021-12-31 06808841 2020-12-31 06808841 c:Director2 2021-01-01 2021-12-31 06808841 d:CurrentFinancialInstruments 2021-12-31 06808841 d:CurrentFinancialInstruments 2020-12-31 06808841 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06808841 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 06808841 d:ShareCapital 2021-12-31 06808841 d:ShareCapital 2020-12-31 06808841 d:SharePremium 2021-12-31 06808841 d:SharePremium 2020-12-31 06808841 d:RetainedEarningsAccumulatedLosses 2021-12-31 06808841 d:RetainedEarningsAccumulatedLosses 2020-12-31 06808841 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-12-31 06808841 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-12-31 06808841 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2021-12-31 06808841 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2020-12-31 06808841 c:FRS102 2021-01-01 2021-12-31 06808841 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 06808841 c:FullAccounts 2021-01-01 2021-12-31 06808841 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 06808841 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number:  06808841














LCTM HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


 
LCTM HOLDINGS LIMITED
REGISTERED NUMBER: 06808841

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
100
100

  
100
100

Current assets
  

Debtors: amounts falling due within one year
 5 
247,179
247,179

  
247,179
247,179

Creditors: amounts falling due within one year
 6 
(54,163)
(94,065)

Net current assets
  
 
 
193,016
 
 
153,114

Total assets less current liabilities
  
193,116
153,214

  

Net assets
  
193,116
153,214


Capital and reserves
  

Called up share capital 
  
570
570

Share premium account
  
152,644
152,644

Profit and loss account
  
39,902
-

  
193,116
153,214


Page 1

 
LCTM HOLDINGS LIMITED
REGISTERED NUMBER: 06808841
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

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 statement of comprehensive income 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 by: 




................................................
J Matthews
Director

Date: 31 August 2022

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

Page 2

 
LCTM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no 06808841). The address of the registered office is The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
These financial statements present information about a company as an individual undertaking. The principal activity of company is that of a holding company.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
LCTM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
100



At 31 December 2021
100





5.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
247,179
247,179

247,179
247,179



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Amounts owed to group undertakings
-
77,653

Other creditors
54,163
16,412

54,163
94,065


Page 4

 
LCTM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Financial instruments

2021
2020
£
£

Financial assets


Financial assets measured at amortised cost
247,179
247,179


Financial liabilities


Financial liabilities measured at amortised cost
94,065
94,065


Financial assets measured at amortised cost comprise of group and other debtors.


Financial liabilities measured at amortised cost comprise of other creditors and bank overdraft.


8.


Related party transactions

Included in debtors is an amount owed of £247,179 (2020: £247,179) from Paper on Glass Limited, a subsidiary company.


9.


Controlling party

There is no controlling party.

 
Page 5