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REGISTERED NUMBER: 00750518 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2022

FOR

LRG INVESTMENTS (MARGATE) LIMITED

LRG INVESTMENTS (MARGATE) LIMITED (REGISTERED NUMBER: 00750518)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LRG INVESTMENTS (MARGATE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2022







DIRECTORS: Mrs M O Gibbs
Mrs M L Wilton



SECRETARY: Mrs M O Gibbs



REGISTERED OFFICE: 38 All Saints Avenue
Westbrook
MARGATE
Kent
CT9 5QN



BUSINESS ADDRESS: Quiet Waters
14 Eastern Esplanade
BROADSTAIRS
Kent
CT10 1DR



REGISTERED NUMBER: 00750518 (England and Wales)



ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ



BANKERS: HSBC Bank Plc
244 Northdown Road
Cliftonville
MARGATE
Kent
CT9 2PZ

LRG INVESTMENTS (MARGATE) LIMITED (REGISTERED NUMBER: 00750518)

BALANCE SHEET
30TH APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,862,408 1,981,470
1,862,408 1,981,470

CURRENT ASSETS
Debtors 6 255,479 212,656
Cash at bank 83,482 47,369
338,961 260,025
CREDITORS
Amounts falling due within one year 7 8,825 9,168
NET CURRENT ASSETS 330,136 250,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,192,544

2,232,327

PROVISIONS FOR LIABILITIES 27,477 32,237
NET ASSETS 2,165,067 2,200,090

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,164,967 2,199,990
SHAREHOLDERS' FUNDS 2,165,067 2,200,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2022 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 31st August 2022 and were signed on its behalf by:





Mrs M L Wilton - Director


LRG INVESTMENTS (MARGATE) LIMITED (REGISTERED NUMBER: 00750518)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2022

1. STATUTORY INFORMATION

LRG Investments (Margate) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - now fully written off

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st May 2021
and 30th April 2022 2,504
DEPRECIATION
At 1st May 2021
and 30th April 2022 2,504
NET BOOK VALUE
At 30th April 2022 -
At 30th April 2021 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st May 2021 1,981,470
Additions 340,631
Disposals (413,173 )
Revaluations (46,520 )
At 30th April 2022 1,862,408
NET BOOK VALUE
At 30th April 2022 1,862,408
At 30th April 2021 1,981,470

LRG INVESTMENTS (MARGATE) LIMITED (REGISTERED NUMBER: 00750518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2022

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30th April 2022 is represented by:

Other
investments
£   
Valuation in 2022 1,862,408

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Investment capital and income
accounts 255,479 212,656
255,479 212,656

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Tax 234 854
Other creditors 2,718 2,681
Directors' current accounts 5,873 5,633
8,825 9,168

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.