Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31No description of principal activity00false2022-11-09falsetrue 14093099 2022-11-08 14093099 2022-11-09 2022-12-31 14093099 2021-05-09 2022-11-08 14093099 2022-12-31 14093099 c:Director1 2022-11-09 2022-12-31 14093099 d:OfficeEquipment 2022-11-09 2022-12-31 14093099 d:OfficeEquipment 2022-12-31 14093099 d:ComputerSoftware 2022-12-31 14093099 d:OtherResidualIntangibleAssets 2022-11-09 2022-12-31 14093099 d:CurrentFinancialInstruments 2022-12-31 14093099 d:Non-currentFinancialInstruments 2022-12-31 14093099 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 14093099 d:ShareCapital 2022-12-31 14093099 d:RetainedEarningsAccumulatedLosses 2022-12-31 14093099 c:FRS102 2022-11-09 2022-12-31 14093099 c:Audited 2022-11-09 2022-12-31 14093099 c:FullAccounts 2022-11-09 2022-12-31 14093099 c:PrivateLimitedCompanyLtd 2022-11-09 2022-12-31 14093099 d:WithinOneYear 2022-12-31 14093099 d:BetweenOneFiveYears 2022-12-31 14093099 c:SmallCompaniesRegimeForAccounts 2022-11-09 2022-12-31 14093099 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-11-09 2022-12-31 14093099 d:ComputerSoftware d:OwnedIntangibleAssets 2022-11-09 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 14093099









LANCASTER GATE ASSISTANCE LIMITED

FILLETED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022







































 
LANCASTER GATE ASSISTANCE LIMITED
REGISTERED NUMBER: 14093099

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Intangible assets
 4 
33,733

Tangible assets
 5 
23,299

  
57,032

Current assets
  

Debtors: amounts falling due after more than one year
 6 
31,500

Debtors: amounts falling due within one year
 6 
42,710

Cash at bank and in hand
 7 
1,626

  
75,836

Creditors: amounts falling due within one year
 8 
(148,453)

Net current liabilities
  
 
 
(72,617)

Total assets less current liabilities
  
(15,585)

  

Net liabilities
  
(15,585)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(15,586)

  
(15,585)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 November 2023.



R K Ironmonger
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
LANCASTER GATE ASSISTANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

The company is a private company limited by shares and is incorporated in England. The address of its registered office is Unit 21 Diss Business Hub, Hopper Way, Diss, Norfolk, IP22 4NG.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company was incorporated on 9 May 2022 and had not commenced trade at the Balance Sheet date. The presentation currency of the financial statements is £ sterling, the financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the directors have a reasonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. The company will receive financial support from it's parent undertaking. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income is recognised on a straight-line basis over the term it relates to, even if payments are not made on that basis. Costs arising from earning rental income are recognised as an expense.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Computer software
-
4
years

Page 2

 
LANCASTER GATE ASSISTANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Office equipment
-
4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
LANCASTER GATE ASSISTANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the period was 0.

Page 4

 
LANCASTER GATE ASSISTANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Intangible assets




Computer software

£



Cost


Additions
35,200



At 31 December 2022

35,200



Amortisation


Charge for the period on owned assets
1,467



At 31 December 2022

1,467



Net book value



At 31 December 2022
33,733




5.


Tangible fixed assets







Office equipment

£



Cost or valuation


Additions
23,299



At 31 December 2022

23,299






Net book value



At 31 December 2022
23,299

Page 5

 
LANCASTER GATE ASSISTANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

6.


Debtors

2022
£

Due after more than one year

Other debtors
31,500


2022
£

Due within one year

Other debtors
16,137

Prepayments and accrued income
22,041

Deferred taxation
4,532

42,710



7.


Cash and cash equivalents

2022
£

Cash at bank and in hand
1,626



8.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
7,944

Amounts owed to group undertakings
135,639

Accruals and deferred income
4,870

148,453



Page 6

 
LANCASTER GATE ASSISTANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

9.


Capital commitments


At 31 December 2022 the Company had capital commitments as follows:

2022
£


Contracted for but not provided in these financial statements
990,800


10.


Commitments under operating leases

At 31 December 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
£


Not later than 1 year
138,600

Later than 1 year and not later than 5 years
525,000

663,600


11.


Controlling party


The parent undertaking is Lexham Insurance Consultants Limited, the financial statements of which can be found at www.companieshouse.gov.uk.
Lexham Insurance Consultants Limited is not required to prepare consolidated financial statements as all its subsidiaries are permitted to be excluded from consolidation by Section 405 and Section 402 of the Companies Act 2006.
The ultimate controlling party is R K Ironmongerdue to his shareholding in Lexham Insurance Consultants Limited. 


12.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2022 was unqualified.

The audit report was signed on 1 November 2023 by Christopher Ridgeon (Senior Statutory Auditor) on behalf of Whitings LLP.

 
Page 7