Registered number
14089542
LS&T Parks Holdings Limited
Filleted Accounts
30 April 2023
LS&T Parks Holdings Limited
Registered number: 14089542
Balance Sheet
as at 30 April 2023
Notes 2023
£
Fixed assets
Investments 3 100
Current assets
Debtors 4 649,642
Cash at bank and in hand 30,473
680,115
Creditors: amounts falling due within one year 5 (1,246)
Net current assets 678,869
Net assets 678,969
Capital and reserves
Called up share capital 100
Profit and loss account 678,869
Shareholder's funds 678,969
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs S Parker
Director
Approved by the board on 23 October 2023
LS&T Parks Holdings Limited
Notes to the Accounts
for the period from 5 May 2022 to 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Consolidation
In the opinion of the director, the company and its subsidiary undertaking comprise a small group. The company has therefore taken advantage of the exemption, provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 100
At 30 April 2023 100
4 Debtors 2023
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest 649,542
Other debtors 100
649,642
5 Creditors: amounts falling due within one year 2023
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest 324
Other creditors 922
1,246
6 Controlling party
In the opinion of the director Mrs S Parker is the company's controlling party by virtue of her shareholding in the company.
7 Other information
LS&T Parks Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bury Lodge
Bury Road
Stowmarket
Suffolk
IP14 1JA
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