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Registration number: 06004907

Lakes Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Lakes Holdings Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Lakes Holdings Limited

Company Information
__________________________________________________________________________

Director

Mr W Khan

Company secretary

Mr M Shah

Registered office

Abbey House
342 Regents Park Road
N3 2LJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Lakes Holdings Limited

(Registration number: 06004907)
Balance Sheet as at 31 May 2023
__________________________________________________________________________

Note

2023
£

2022
£

   

     

fixed assets

   

 

Investments

 

200

 

200

Current assets

   

 

Debtors

4

 

6,985

 

6,985

Net assets

   

7,185

 

7,185

Capital and reserves

   

 

Called up share capital

200

 

200

 

Profit and loss account

6,985

 

6,985

 

Total equity

   

7,185

 

7,185

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 2 October 2023
 

.........................................
Mr W Khan
Director

 

Lakes Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

3

Investments

2023
£

2022
£

Investments in subsidiaries

200

200

 

Lakes Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
__________________________________________________________________________

Subsidiaries

£

Cost or valuation

At 1 June 2022

200

Provision

Carrying amount

At 31 May 2023

200

At 31 May 2022

200

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Lakes Food Euro Ltd

England

Ordinary shares

100%

100%

Lakes Food Brokers Ltd

England

Ordinary shares

100%

100%

Subsidiary undertakings

Lakes Food Euro Ltd

The principal activity of Lakes Food Euro Ltd is suppliers of fine foods.

Lakes Food Brokers Ltd

The principal activity of Lakes Food Brokers Ltd is dormant status.

4

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

6,985

6,985

5

Share capital

Allotted, called up and fully paid shares

 

Lakes Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
__________________________________________________________________________

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

200

200

200

200