Lach Investments Limited 541772 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is investment in property. Digita Accounts Production Advanced 6.30.9574.0 true true 541772 2022-04-01 2023-03-31 541772 2023-03-31 541772 core:RetainedEarningsAccumulatedLosses 2023-03-31 541772 core:ShareCapital 2023-03-31 541772 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 541772 bus:SmallEntities 2022-04-01 2023-03-31 541772 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 541772 bus:FullAccounts 2022-04-01 2023-03-31 541772 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 541772 bus:RegisteredOffice 2022-04-01 2023-03-31 541772 bus:Director1 2022-04-01 2023-03-31 541772 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 541772 countries:AllCountries 2022-04-01 2023-03-31 541772 2022-03-31 541772 2021-04-01 2022-03-31 541772 2022-03-31 541772 core:RetainedEarningsAccumulatedLosses 2022-03-31 541772 core:ShareCapital 2022-03-31 541772 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 541772

Lach Investments Limited



Filleted Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Lach Investments Limited

 

(Registration number: 541772)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

-

35,000

Current assets

 

Debtors

5

33,915

1,001

Cash at bank and in hand

 

17,621

17,615

 

51,536

18,616

Creditors: Amounts falling due within one year

6

(17,665)

(15,629)

Net current assets

 

33,871

2,987

Total assets less current liabilities

 

33,871

37,987

Provisions for liabilities

-

(6,775)

Net assets

 

33,871

31,212

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

33,771

4,013

Non-distributable reserve

 

-

27,099

Total equity

 

33,871

31,212

 

Lach Investments Limited

 

(Registration number: 541772)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 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 her 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 October 2023
 

.........................................
Mrs R Lachs
Director

 

Lach Investments Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Branson Court
Branson Street
Manchester
Lancashire
M40 7FP

These financial statements were authorised for issue by the director on 16 October 2023.

2

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Lach Investments Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

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

 

Lach Investments Limited

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Investment properties

2023
£

At 1 April 22

35,000

Additions

(33,874)

Disposals

(1,126)

At 31 March 23

-

There has been no valuation of investment property by an independent valuer.

The historical cost of the property is £1,126.

 

5

Debtors

Current

2023
£

2022
£

Trade debtors

32,915

-

Other debtors

1,000

1,001

 

33,915

1,001

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

3,273

1,140

Other creditors

13,724

13,723

Corporation tax liability

360

458

Director current accounts

308

308

17,665

15,629