Registration number:
Lakes Holdings Limited
for the Year Ended 31 May 2023
Lakes Holdings Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Lakes Holdings Limited
Company Information
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Director |
Mr W Khan |
Company secretary |
Mr M Shah |
Registered office |
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Accountants |
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Lakes Holdings Limited
(Registration number: 06004907)
Balance Sheet as at 31 May 2023
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Note |
2023 |
2022 |
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fixed assets |
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Investments |
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Current assets |
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Debtors |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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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:
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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
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Lakes Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
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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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Lakes Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
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Subsidiaries |
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Cost or valuation |
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At 1 June 2022 |
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Provision |
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Carrying amount |
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At 31 May 2023 |
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At 31 May 2022 |
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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 |
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2023 |
2022 |
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Subsidiary undertakings |
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England |
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England |
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Subsidiary undertakings |
Lakes Food Euro Ltd The principal activity of Lakes Food Euro Ltd is |
Lakes Food Brokers Ltd The principal activity of Lakes Food Brokers Ltd is |
Debtors |
Current |
Note |
2023 |
2022 |
Amounts owed by related parties |
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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
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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200 |
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200 |