IRIS Accounts Production v22.2.0.402 07094994 director 1.1.21 31.12.21 31.12.21 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure070949942020-12-31070949942021-12-31070949942021-01-012021-12-31070949942019-12-31070949942020-01-012020-12-31070949942020-12-3107094994ns16:EnglandWales2021-01-012021-12-3107094994ns15:PoundSterling2021-01-012021-12-3107094994ns11:Director12021-01-012021-12-3107094994ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3107094994ns11:SmallEntities2021-01-012021-12-3107094994ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3107094994ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3107094994ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3107094994ns11:FullAccounts2021-01-012021-12-3107094994ns11:RegisteredOffice2021-01-012021-12-3107094994ns6:CurrentFinancialInstruments2021-12-3107094994ns6:CurrentFinancialInstruments2020-12-3107094994ns6:Non-currentFinancialInstruments2021-12-3107094994ns6:Non-currentFinancialInstruments2020-12-3107094994ns6:ShareCapital2021-12-3107094994ns6:ShareCapital2020-12-3107094994ns6:RetainedEarningsAccumulatedLosses2021-12-3107094994ns6:RetainedEarningsAccumulatedLosses2020-12-3107094994ns6:PlantMachinery2021-01-012021-12-3107094994ns6:PlantMachinery2020-12-3107094994ns6:PlantMachinery2021-12-3107094994ns6:PlantMachinery2020-12-3107094994ns6:CostValuation2020-12-31
REGISTERED NUMBER: 07094994 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

LCF Activities Limited

LCF Activities Limited (Registered number: 07094994)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LCF Activities Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: A J Fitzgerald





REGISTERED OFFICE: 6 Rowan Court
19 The Avenue
Beckenham
Kent
BR3 5LH





REGISTERED NUMBER: 07094994 (England and Wales)






LCF Activities Limited (Registered number: 07094994)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,267 387
Investments 6 100 100
Investment property 7 1,152,588 1,152,588
1,156,955 1,153,075

CURRENT ASSETS
Stocks 111,862 95,054
Debtors 8 91,708 50,844
Investments 9 50,000 50,000
Cash at bank 668,681 779,356
922,251 975,254
CREDITORS
Amounts falling due within one year 10 72,075 60,276
NET CURRENT ASSETS 850,176 914,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,007,131

2,068,053

CREDITORS
Amounts falling due after more than one
year

11

156,760

303,775
NET ASSETS 1,850,371 1,764,278

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,850,171 1,764,078
1,850,371 1,764,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LCF Activities Limited (Registered number: 07094994)

Balance Sheet - continued
31 December 2021


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 director and authorised for issue on 12 September 2022 and were signed by:





A J Fitzgerald - Director


LCF Activities Limited (Registered number: 07094994)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

LCF Activities 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about LCF Activities Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33.3% on cost and 25% on reducing balance

Investments in subsidiaries
Investment in the subsidiary undertaking is recognised at cost.

Investment property
Investment property is shown at cost which the director believes equates to fair value.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

LCF Activities Limited (Registered number: 07094994)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 1,774
Additions 5,302
At 31 December 2021 7,076
DEPRECIATION
At 1 January 2021 1,387
Charge for year 1,422
At 31 December 2021 2,809
NET BOOK VALUE
At 31 December 2021 4,267
At 31 December 2020 387

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021
and 31 December 2021 100
NET BOOK VALUE
At 31 December 2021 100
At 31 December 2020 100

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 1,152,588
NET BOOK VALUE
At 31 December 2021 1,152,588
At 31 December 2020 1,152,588

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Amounts owed by group undertakings 91,708 50,844

LCF Activities Limited (Registered number: 07094994)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

9. CURRENT ASSET INVESTMENTS
31.12.21 31.12.20
£    £   
Other investments 50,000 50,000

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 22,307 17,348
Taxation and social security 18,717 10,509
Other creditors 31,051 32,419
72,075 60,276

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 156,760 174,357
Other creditors - 129,418
156,760 303,775

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years by instalments 70,444 75,796

12. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans 130,444 141,705

The bank loan is secured by way of fixed and floating charge over the company's assets.