IRIS Accounts Production v23.2.0.158 10709167 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure107091672022-03-31107091672023-03-31107091672022-04-012023-03-31107091672021-03-31107091672021-04-012022-03-31107091672022-03-3110709167ns16:EnglandWales2022-04-012023-03-3110709167ns15:PoundSterling2022-04-012023-03-3110709167ns11:Director12022-04-012023-03-3110709167ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3110709167ns11:SmallEntities2022-04-012023-03-3110709167ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3110709167ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3110709167ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3110709167ns11:FullAccounts2022-04-012023-03-3110709167ns11:RegisteredOffice2022-04-012023-03-3110709167ns6:CurrentFinancialInstruments2023-03-3110709167ns6:CurrentFinancialInstruments2022-03-3110709167ns6:ShareCapital2023-03-3110709167ns6:ShareCapital2022-03-3110709167ns6:RetainedEarningsAccumulatedLosses2023-03-3110709167ns6:RetainedEarningsAccumulatedLosses2022-03-3110709167ns6:PlantMachinery2022-04-012023-03-3110709167ns6:PlantMachinery2022-03-3110709167ns6:PlantMachinery2023-03-3110709167ns6:PlantMachinery2022-03-3110709167ns6:CostValuation2022-03-3110709167ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3110709167ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 10709167 (England and Wales)















LPE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






LPE HOLDINGS LIMITED (REGISTERED NUMBER: 10709167)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LPE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M Marriner





REGISTERED OFFICE: Top Site
Crosse Hall Street
Chorley
Lancashire
PR6 0UH





REGISTERED NUMBER: 10709167 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN

LPE HOLDINGS LIMITED (REGISTERED NUMBER: 10709167)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 147,390 173,400
Investments 5 1,135,650 1,135,650
1,283,040 1,309,050

CURRENT ASSETS
Debtors 6 1,037,000 578,500
Cash at bank 106,647 529,446
1,143,647 1,107,946
CREDITORS
Amounts falling due within one year 7 (31,922 ) (29,403 )
NET CURRENT ASSETS 1,111,725 1,078,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,394,765

2,387,593

PROVISIONS FOR LIABILITIES (10,268 ) (10,268 )
NET ASSETS 2,384,497 2,377,325

CAPITAL AND RESERVES
Called up share capital 130,001 130,001
Retained earnings 2,254,496 2,247,324
2,384,497 2,377,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LPE HOLDINGS LIMITED (REGISTERED NUMBER: 10709167)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





M Marriner - Director


LPE HOLDINGS LIMITED (REGISTERED NUMBER: 10709167)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

LPE Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10709167 and its registered office address is Top Site, Crosse Hall Street, Chorley, Lancashire, PR6 0UH.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director is satisfied that the company is a going concern and that the financial statements are correctly prepared on this basis.

Preparation of consolidated financial statements
The financial statements contain information about LPE Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Making judgement based on the investment performance to assess for any impairment of fixed assets investments.

Revenue
Revenue represents management charges arising from the hire of machinery to a subsidiary company.The assets are in use throughout the year and charged on an annual basis.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any permanent diminution in value.

LPE HOLDINGS LIMITED (REGISTERED NUMBER: 10709167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Income from fixed asset investments
Income from fixed asset investments is received in the form of dividends and is credited to the income statement when received.

Dividends
Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

LPE HOLDINGS LIMITED (REGISTERED NUMBER: 10709167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 240,000
DEPRECIATION
At 1 April 2022 66,600
Charge for year 26,010
At 31 March 2023 92,610
NET BOOK VALUE
At 31 March 2023 147,390
At 31 March 2022 173,400

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1,135,650
NET BOOK VALUE
At 31 March 2023 1,135,650
At 31 March 2022 1,135,650

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 98,500 63,500
Amounts owed by group undertakings 938,500 515,000
1,037,000 578,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,622 103
Other creditors 29,300 29,300
31,922 29,403