COMPANY REGISTRATION NUMBER:
13860700
Filleted Unaudited Financial Statements |
|
Period from 20 January 2022 to 31 January 2023
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
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Statement of financial position |
2 |
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Notes to the financial statements |
4 |
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
LHW Investments Limited |
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Period from 20 January 2022 to 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LHW Investments Limited for the period ended 31 January 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of LHW Investments Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of LHW Investments Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LHW Investments Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that LHW Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LHW Investments Limited. You consider that LHW Investments Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of LHW Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
CLAY SHAW THOMAS LTD
Chartered accountants
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
19 October 2023
Statement of Financial Position |
|
31 January 2023
Fixed assets
Tangible assets |
4 |
|
131,705 |
|
|
|
|
Current assets
Debtors |
5 |
2,610 |
|
Cash at bank and in hand |
3,533 |
|
|
------- |
|
|
6,143 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
41,807 |
|
|
-------- |
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Net current liabilities |
|
35,664 |
|
|
--------- |
Total assets less current liabilities |
|
96,041 |
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
95,770 |
|
|
-------- |
Net assets |
|
271 |
|
|
-------- |
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|
|
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Capital and reserves
Profit and loss account |
|
271 |
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---- |
Shareholders funds |
|
271 |
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|
---- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
31 January 2023
These financial statements were approved by the
board of directors
and authorised for issue on
19 October 2023
, and are signed on behalf of the board by:
L Williams |
H Williams |
Director |
Director |
|
|
Company registration number:
13860700
Notes to the Financial Statements |
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Period from 20 January 2022 to 31 January 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Oldfield Road, Bocam Park, Bridgend, CF35 5LJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received and represents amounts receivable for rental income on a straight line basis over the lease term.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4.
Tangible assets
|
Investment property |
|
£ |
Cost |
|
At 20 January 2022 |
– |
Additions |
131,705 |
|
--------- |
At 31 January 2023 |
131,705 |
|
--------- |
Depreciation |
|
At 20 January 2022 and 31 January 2023 |
– |
|
--------- |
Carrying amount |
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At 31 January 2023 |
131,705 |
|
--------- |
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The directors have reviewed the market value of the investment property with no gains or losses in the carrying value to be reported in the profit and loss.
5.
Debtors
|
31 Jan 23 |
|
£ |
Trade debtors |
595 |
Other debtors |
2,015 |
|
------- |
|
2,610 |
|
------- |
|
|
6.
Creditors:
amounts falling due within one year
|
31 Jan 23 |
|
£ |
Accruals and deferred income |
1,770 |
Social security and other taxes |
162 |
Director loan accounts |
39,225 |
Other creditors |
650 |
|
-------- |
|
41,807 |
|
-------- |
|
|
7.
Creditors:
amounts falling due after more than one year
|
31 Jan 23 |
|
£ |
Bank loans and overdrafts |
95,770 |
|
-------- |
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The bank loan has been arranged on intertest only over the term of 35 years.