2022-04-012023-03-312023-03-31false13255011LCL HOLDINGS 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LCL HOLDINGS LTD

Registered Number
13255011
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

LCL HOLDINGS LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

WILLIAMS, Luke Alexander

Registered Address

17 Cudd Y Coed
Barry
CF63 1FE

Registered Number

13255011 (England and Wales)
LCL HOLDINGS LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5772-
Investment property6237,768237,768
238,540237,768
Current assets
Debtors810896
Cash at bank and on hand2,512-
2,62096
Creditors amounts falling due within one year9(73,433)(70,816)
Net current assets (liabilities)(70,813)(70,720)
Total assets less current liabilities167,727167,048
Creditors amounts falling due after one year10(167,698)(167,697)
Net assets29(649)
Capital and reserves
Called up share capital11
Profit and loss account28(650)
Shareholders' funds29(649)
The financial statements were approved and authorised for issue by the Director on 19 October 2023, and are signed on its behalf by:
WILLIAMS, Luke Alexander
Director
Registered Company No. 13255011
LCL HOLDINGS LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Investment property policy
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Revenue recognition policy
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.
Taxation policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information
There were no employees during the year.

20232022
Average number of employees during the year00
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
Additions1,0291,029
At 31 March 231,0291,029
Depreciation and impairment
Charge for year257257
At 31 March 23257257
Net book value
At 31 March 23772772
At 31 March 22--
6.Investment property
The fair value has been determined by an external, independent property appraiser based on current prices in an active market for similar property in the same location and condition.

£
Fair value at 01 April 22237,768
At 31 March 23237,768
7.Creditors or instalments due after 5 years
Secured debt comprising the building society mortgage is secured by way of a fixed and floating charge on the company's investment property.
8.Debtors

2023

2022

££
Prepayments and accrued income10896
Total10896
9.Creditors within one year

2023

2022

££
Taxation and social security117-
Other creditors72,35669,856
Accrued liabilities and deferred income960960
Total73,43370,816
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts167,698167,697
Total167,698167,697